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Originally posted by elouina
Besides the increased small business taxes, it looks like Obama is trying to capitalize on Reganomics, "trickle down theory". It can really work you know, if they cut the rate for small businesses also. Plus they utilize other aspects of Regan's economy plans. During the Reganomic years the unemployment rate went down from 10% to 5.4%, and inflation dropped from 10% to 4%.
I also was getting a 10% rate on my savings. This was extra income in the bank that I miss big time! I can't tell you how fast I saved money during those years, it was phenominal! The whole entire US economy was phenominal! And those below the poverty level was only 13%.
Regan pulled us entirely out of a recession and gave us economic growth out of the wazoo! You don't take a country in a recession and hand out even more to the public.
As Milton Friedman once stated, "Reaganomics had four simple principles: Lower marginal tax rates, less regulation, restrained government spending, noninflationary monetary policy".
28% for corporations 40% on small business that is already getting hammered by Obama care, and this living wage bullcrap.
Small business pays double?
he thinks it's a 'sound economic policy'.
Obama destroying the middle class since 2008 Yes We Can ! ! ! !
Who the hell are his economic adviser's ?
Talk about the clueless leading the hopeless.
Originally posted by Cabin
reply to post by NOTurTypical
Everything depends on how you take the definition of small business.
In the study used:
Small business 1-9 workers & it was raised to 50, although the picture did not change much.
By these statistics we can say that 52,7% of Americans worked for companies which employed more than 250 employees.
You were making the cutoff at 500 employees. I do not know about US standards for small business, although if 500 was the cutoff point, in nearly all countries in the world the small business sector would make 99% of the economy. A company with 500 employees is not a small business. In my opinion a maximum of 50 should be the cutoff point, after that point the company is not a small business any more. I personally prefer how its done in Oz, any company which has under 15 employees is a small business, even 50 is too much to get a clear overview.
I do not know about US standards, but in EU:
1-9 microbusiness
10-50 small business
50-249 medium business
250-1000 large business
1000+ enterprise
Please do not shout false, before even reading the source. Both of these studies were correct, the classifications of a small company varied.
PS. Found the US business size standards. Companies with under 250 employees (which is very odd in my opinion) are considered small businesses. By these standards still under 50%, 47,3% of people worked for small companies in 2007
edit on 31-7-2013 by Cabin because: (no reason given)
Originally posted by darkbake
What is this? Small businesses are needed in this country to promote independence and the middle-class. Corporations need to go away so that they can stop meddling in politics and bribing senators.
Whose side is Obama on? I listen to him speak, and I saw him speak in person, and I seriously doubt he ever intended on actually doing anything he said. Meanwhile, good catch O.P.
Originally posted by buster2010
Originally posted by elouina
Besides the increased small business taxes, it looks like Obama is trying to capitalize on Reganomics, "trickle down theory". It can really work you know, if they cut the rate for small businesses also. Plus they utilize other aspects of Regan's economy plans. During the Reganomic years the unemployment rate went down from 10% to 5.4%, and inflation dropped from 10% to 4%.
I also was getting a 10% rate on my savings. This was extra income in the bank that I miss big time! I can't tell you how fast I saved money during those years, it was phenominal! The whole entire US economy was phenominal! And those below the poverty level was only 13%.
Regan pulled us entirely out of a recession and gave us economic growth out of the wazoo! You don't take a country in a recession and hand out even more to the public.
As Milton Friedman once stated, "Reaganomics had four simple principles: Lower marginal tax rates, less regulation, restrained government spending, noninflationary monetary policy".
And just how did Reagan pull America out of a recession? Simple he didn't the recession got worst under him. Under him national debt went up 186% personal bankruptcies went up 600% prescriptions for anti depressants went through the roof. And his war on the farmers just do a little checking and see how many family farms went under because of him. Reagan was a total failure as president. And the trickle down theory is a joke that will never work they have been trying to make it work for decades and still haven't gotten it right. Trickle up works not trickle down.
These economic policies amounted to the most successful economic experiment in world history. The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.
During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.
Originally posted by jibajaba
This admin wants to drain all individuals of owning anything - as per Agenda 21 - live in small "sustainable apartment" and get on the commuter train and go to your prescribed job.
I support small businesses in my area and I urge all of you to do the same.
Originally posted by marg6043
reply to post by NOTurTypical
Reagan is the reason that we got now corporate corruption all over the government, he is the one that open the door for the corporate dictatorship running the nation, he also open the door for the religious right power.
Reagan was a failure, regardless what the corporate run economist wants to sugar coat about him.