reply to post by links234
And you get your info where?
Alternet? A proven left wing propaganda site?
1- Wall St. isn't the economy. Using Wall St. as a metric of economic growth and sustainability is a fallacy as they are being propped up by the
government. Show me a sector that isn't experiencing margin compression outside of government propped industry. And if you haven't noticed we're
inching back to ten percent unemployment with a U-6 figure of 17%.
2- What is your source? The white house? MSNBC? CNN? Oh I know, it's the CBO..Cause their numbers all turn out to perfectly reflect reality. The HC
bill introduces price controls into the HC industry. Price controls create scarcity and fuel inflation. If there is only a trillion allocated to pay
for the HC law over the next ten years, and tax receipts go down because of subdued economic activity(to which all evidence points) how much do you
think the government will then have to pick up? Secondly, do you know from what part in the Constitution is mandating the buying of a private product
authorized? No? Well then, back to the Obama drawing board.
3- Asinine question. Of course climate changes. And WE DO NOT know enough to know HOW it will change. We've barely begun to study Earth's climate.
4- The "but" in this case is very relevant. If your income taxes don't go up but that expense is offset by taxes elsewhere, and in fact increased
through some economic activity or another, then a tax cut becomes a moot point doesn't it?
5- More propaganda. Those tax cuts are in the form of tax credits and while they are targeted at "90%" they are predicated on many requirements, if
you don't meet these requirements you don't get the tax credit. I'm one of the people who doesn't meet the requirements. And no, I'm not rich, I'm not
even well off, I'm living paycheck to paycheck like everyone else.
6- He should have stopped it because we now have an uncompetitive company being propped up by tax payer dollars when it should have failed. If the
government had stopped paying people to not produce and paying people to not work the economy would have rebounded by now.
"Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves."
- William Pitt
Sure you could argue it was needed to save jobs...But that's not what happened. Jobs were lost anyway, and while GM was being bailed out by the Feds
they were opening new plants in Brazil and China. Who's economy got stimulated through that?
7- 38% in a proven biased poll conducted by people with an agenda...Hardly scientific or convincing.
edit on 16-12-2010 by projectvxn because:
(no reason given)
edit on 16-12-2010 by projectvxn because: (no reason given)