Can US afford a tax cut?

[Hydroblunt]

Quote from toc:

LOL, they should have you do the trade deficit numbers. It's a puzzle as to why USA cannot even come close to making them work considering all these great Western products that these new economic powers should be buying.

Your rationalizations are the same of mass media, which only do so much in the face of reality. Only real products USA sells anymore are military & defense, everything else are just brand names stamped on goods made elsewhere. Hardly a replacement for a manufacturing base.

But hey, as long as people hope & dream for this equation solve itself, they will continue buying everything on credit, because in time, it will be ok. After all, that's what the politicians & media personalities keep telling them.

 

[trader_arb]

Quote from toc:

'An interesting side note, while the government expands the welfare system (which really exists due to mass exodus of industrial jobs), it makes zero attempt to help solve it. In fact, there are tax incentives for companies to move their operations offshore.'

If the mass offshoring was hurting the US population and unemployment was ramphant then MASS PROTESTS would have resulted. Do you see any mass protests other that extreme right wing Lou Dobbs? On the contrary, we see 10s of millions of illegal immigrants who ARE able to find jobs in the US and no one says anything because they do not have enough people to fill those jobs.

Is offshoring cutting into company bottomlines........no! it is helping the Fin Statements and hence the stock markets and economic efficiency on the whole.

Also this initial stages of upliftment of Asian and South American economies is a boon for Technical goods of the west. China can sell 100M T-Shirts at a price of $1 each and in turn BUY 1 B787 for $100M to cancel out the transaction.

Down the road rising economies like China, India, Russia, Brazil where these jobs are mostly going will stand to buy more high ticket western goods.

Idiots like Barak Obama are actually the left left left type socialist who will hurt the economy in the long run. Centerist folks like Hillary, McCain, Romney are the one who will take it forward. Hope one of these three also face off the debt and deficit and bring some sense to fiscal numbers.

Hillary is way left of center too though; she may APPEAR to be a moderate right now bc she is sucking up to potential voters to seem more appealing. Her socialist garbage programs (like free health care) will not help the debt situation either.

 

[toc]

'Hardly a replacement for a manufacturing base'

guess where do all the americans go to work to each single day...........baby sit the neighbour's pets?

there is no doubt that american deficit and debt numbers are mind boggling and as soon as the balloon starts to fizz it can turn into explosion very quickly.

however, offshoring is not hurting the american economy and in the long run it will help. what i would agree to some extent is the quality of work might take a slight hit as seen from chinese products and indian call centres leaking out consumer card numbers.

 

[toc]

Yesterday, America came very close to hanging 'soon going out of business' sign. Thanks God that Hillary won and there is some hope that She will be able to reengineer the economic engine like Bill did. Hillary has better chances of beating old horse McCain than 'Little Bama'.

Bill Clinton needs to come out more and speak his true words and opinions and de-hypnotise the american college girl 'crush' on Bama and wake them to reality of debt and deficit.

 

[PARACLESE]

Quote from empee:

We can't cut taxes. Otherwise, how will the ppl we subsidize pay for stuff?

People who are getting subsidized will never vote for a candidate that will take away their subsidy.

Not just ppl, groups, associations, organizations, as well. We can couch it in "relief bills" or whatever, but the end game is the same, picking the pockets of primarily the middle class and redistributing wealth.

In short, why would the government and ppl on the take give up on their largesse voluntarily?

stop communism, welfare and subsidies. put the money back in the peoples pockets and the economy will make a huge b line to the upside. people getting subsidized are few. If they dont like it, they can always move to china or some other place which endorses nationalization. This is the land of the FREE,,or at least it is supposed to be. This means taking your greedy damn paws out of hard working americans pockets. think about it, would you like to give someone money for free and then that person then taking that money investing it into product to turn around and sell it back to you for a profit? nothing in the world sounds more stupid. and communist.

If we pay to subsidize anything, we should also enjoy the same product at cost, not a shrivel more. the price should also be fixed. If we did this with healthcare and medicine it would probably work as 1 kilo of valium costs $2 while getting thrown back onto the public for $50,000/kilo. There is a very big arbitrage here and there is no reason for the ordinary taxpayer to be paying retail when taxes are taken in wholesale volume. Peoples food , their cars, toys, clothes can play with capitalism. You do not play with health for a price. It is like robbing yourself and wondering where your money went. nothing sounds more stupid. nothing. there are those tax cuts, all of them, PAID FOR!!!!

 

[PARACLESE]

Quote from toc:

Yesterday, America came very close to hanging 'soon going out of business' sign. Thanks God that Hillary won and there is some hope that She will be able to reengineer the economic engine like Bill did. Hillary has better chances of beating old horse McCain than 'Little Bama'.

Bill Clinton needs to come out more and speak his true words and opinions and de-hypnotise the american college girl 'crush' on Bama and wake them to reality of debt and deficit.

Hillary gets elected is bringing doomsday to your doorstep. Like a house of cards it will all come crashing down. She will pay for everything with, get this, "emregency spending". "It will come wherever it comes from". She is against free speech and here favorite book is 1984. go figure. All billy did was sit on his hands while the dotcom boom multiplied, while delusional idiots believe all of that money was really real. Both of them are like little kids that want to run daddys business. The best thing for this country is to give the reins back to daddy. Ron Paul for president.

 

[toc]

'Ron Paul for president'

Dude! go with the flow not with the OUTDATED stuff of yesterday!

Ron Paul is a done story for 2008........now choose whoever is STILL in the race and best for America.

Hillary-Obama ticket is not too bad. Will give Little Bama a chance to show how much UNIFICATION he can bring about as a VP first! America cannot afford another experimentation at the top.

 

[trader_arb]

Quote from PARACLESE:

Hillary gets elected is bringing doomsday to your doorstep. Like a house of cards it will all come crashing down. She will pay for everything with, get this, "emregency spending". "It will come wherever it comes from". She is against free speech and here favorite book is 1984. go figure. All billy did was sit on his hands while the dotcom boom multiplied, while delusional idiots believe all of that money was really real. Both of them are like little kids that want to run daddys business. The best thing for this country is to give the reins back to daddy. Ron Paul for president.

I'm not sure about Ron Paul, but Hillary and Obama would be DISASTERS for the economy and markets. First off, any perceived victory by them will cause the market to plummet because it has to price in the uncertainty of "change". The discounting may have already begun (more social programs and government intervention, great). The point you made above was when Hillary has been asked where the funding would come from, she has no answer. We all know part of it would be from increased taxes, which would still not cover all the crap she claims to want to do.

 

[brokerboy]

I don’t trust the republicans after Bush so I am looking at the democrats. That being said I am scared to see a woman or an African American on this ticket. Obama is the best African American to ever run (Keyes, Sharpen, and Jackson). Hillary well she is living on Bill's name. I think John Edwards has the best chance of winning an election just not sure he can win the primary.

 

[trader_arb]

Quote from brokerboy:

I don’t trust the republicans after Bush so I am looking at the democrats. That being said I am scared to see a woman or an African American on this ticket. Obama is the best African American to ever run (Keyes, Sharpen, and Jackson). Hillary well she is living on Bill's name. I think John Edwards has the best chance of winning.

I wouldn't vote for them just based on that, question:

Name some things the democrat controlled house/senate accomplished that they promised people. Leaving Iraq? yeah theyre doing a good job with that too.

Hillary is a socialist/communist ACK ACK ACK, Obama makes good speeches and is riding on the half black card, and John Edwards has little chance.