Skip to comments.Will the tax compromise stimulate the economy? (Freep this poll)
Posted on 12/08/2010 3:54:13 AM PST by Red in Blue PA
YES (44 responses)
NO (95 responses)
139 total responses
(Excerpt) Read more at mcall.com ...
no. because we’re gonna fillibuster it until the lame ducks are all gone so they can’t try to ram anymore crap down our throats on their way out the door. hopefully.
Until the boot of the federal government is removed from businesses in the form of other taxes and regulations this bill means nothing to the economy.
Ronal Reagan Proved that Just Cutting taxes(and taxes were not even cut here),are not enough if the Congress Continues to Spend Spend and Spend,so No this will NOT improve the economy
We're going to double-down on conservation and cut spending even more.
Business is already preparing to do the same. There's no recovery in progress here, only preservation.
The rest of Obama's disastrous policies will continue to damage the economy unless the GOP can stymie them by severing all funding for his schemes.
The part about it that has to grind Obama is he was set for a destructive tax increase. The 'compromise' is but a speed bump on his road to destroy the country.
Part of what is going on today is uncertainty. Businesses, including mine, will not expand or make other commitments until we figure out what the hell is going to happen.
This will remove a little uncertainty but not much.
Democrats typically pass out cash to their constituencies (Pigford for example) which will stimulate some consumer spending (see our 1.1% increase over the last year) but do nothing for employment.
Read “The Forgotten Man” by Amity Schlaes for a sense of what did and didn’t work in the Great Depression
The market did not suddenly rise up in approval. Silver zoomed.
That vote means that the market has already allowed for the tax rate extension but there is fear of inflation still out there.
The Dow is the only important poll
When these tax rates do not work for the economy the dems will point to them and say, "See tax cuts for the rich didn't fix it." And, they will be right. The GOP will be to timid to go to the American people and explain how too much govt in other ways keeps people from attaining wealth and creating jobs.
The health care bill kicks in next year and that will stifle growth as much as anything but they will not point to it.
ADA has put limits on growth. The EPA has put limits on growth. Every alphabet agency stifles growth but we never hear about it.
Exactly, anyone who owns a business knows this “compromise” isn’t anything at all.
There is still the healthcare debacle to deal with.
For the small farms etc. there is the new food safety act.
Come Dec. 21st the FCC is taking to the internet and lord only knows what other regulations they are going to sneak into it.
No, this ‘compromise’ does nothing to stimulate the economy. It is a mirage for the employee and unemployed. It gives them unearned leverage to demand raises, employment, and benefits as they have no regard or awareness as to the other hand has picked his employer’s pocket.
The wealthy, whom the Demonrats want to punish, are actually the source of wealth for those of us who work for them.
But, as someone pointed out yesterday, the Demonrats live in a Disney movie, not the real world.
It won’t stimulate it, because its not a cut. However, tax increases would definately hurt the economy.
What would really, really help the economy is a 50% reduction in the size and scope of the Federal government. After that, we could look at making another 50% cut.
Exactly right — we are overtaxed, overregulated, overlawyered, overcontrolled, and overlegislated. Plus we are churning out new money at unheard of rates and have crippling deficits and debt levels. Congress has yet been able to rein in spending.
Furthermore, the tax rate extension simply creates two more years of uncertainty (or is it 3?). In 18 months, we’ll be right back in the argument quagmire and businesses and individuals won’t know what their tax liability will be for the coming year. We’ll all be deer froze in headlights again.
68% of the people answering this poll believe that letting Americans of all income brackets keep and spend their own money won’t stimulate the economy? (but unemplopyment checks will?)
I heard an analyst say “buying gold shows capital going on strike”
Sure seems like silver is becoming the same, only for people with less capital to take out of the market
“The market” sure was not impressed with obama or Boehner ... wonder what the big dogs know that we don’t know
....I wish I had the ability to write an opinion piece of any length.....
I think you misunderestimate your self. I ran your post through and it declared it to be 181 words. That is only 119 short of 300 and a fair length for an opinion piece.