And there's reason to believe that this will be for the wealthy as well.
Which means unemployment is going down.
I think history would predict otherwise. The so-called extension of the Bush era tax cuts will not be experienced as a cut, or even as the extension of a cut. It won’t experienced at all because it doesn’t change anything; it leaves things as they are. It releases no productive capital; it raises no ones income; it creates no new spending power or potential for investment. It simply doesn’t take any of those things away which is a good thing in itself only in the sense that it is not a harmful thing.
And if you want to argue that the extension removes uncertainty I think the President’s deficit commission just went a long way toward restoring whatever uncertainty the President’s wise and timely capitulation on the tax front may have resolved.
Anyway, whatever. Aren’t these the same Germans who were shrieking aloud about how debasing our currency is the wrong course of action? Now their central bank heralds the move as the restoration of a golden age of consumer spending to fuel anew German export production? Does something sound a little wrong to you?—because it sure does to me.
Of course the banks are willing to lend. You mean you don’t think that the banks were withholding loans to slow business and rehiring down just to make the Dem’s look bad before the elections? Now that they have the election results they were looking for they will turn on the faucets.
Of course, they will also be looking for fewer restrictions, just like the fewer restrictions that got us into this mess in the first place and made them super rich. Tea Party people, watch them like a hawk!! Don’t let them pull this shxx on we the people!!!