Clo> It didn't go far enough to help the recovery, because too much of it went towards more tax breaks.
Obama needs to close corporate loopholes, no more corporate welfare.
Increase Capital gains taxes to 50%, why should a hedge fund managers only pay 15%, its unthinkable. clo
Clo,
When obama's 'stimulus package' came out I TOLD you
it wasn't gonna work - not because of tax breaks
but because the bulk of the money being spent was
being spent on welfare.
Welfare does NOT stimulate the economy.
You are right about obama needing to close corporate
tax loopholes . . . and no more 'corporate welfare' .
. . . except the thief in chief is using it to buy
favors and campaign contributions. - He ain't gonna
do that.
You are also right about why should a hedge fund
manager only pay 15% . . . .
I read where America's corporations are sitting on
record amounts of cash . . cash, which if invested
in buying new machinery and expanding our manufacturing
facilities would go a LONG ways towards getting more
of U.S. employed . . . except that you can't legislate
that and, with todays regulatory envirenment I'd sit
on my cash too.
Take 'obamacare' (please, and bury it) I don't think
the regulations and rules for it have been written
yet . . . but it's a safe bet that it will cost
American businesses a LOT of money . . . why should
a business hire more folks when obama care's mandates
will possibly bankrupt them?
A Beldin posting suggested that if we was to go back
to actively drilling in the Gulf of Mexico, we could
create a LOT of taxpaying jobs, help our trade deficit,
and possibly drive down the cost of oil - helping out
our economy immensely. And what is obama doing?
Everything he can to keep U.S. from drilling.
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