Obama's Speech...What Was Missing....

Quote from Mav88:

I used to work in science, the best scientists in the US usually have companies and they are very motivated by money.


I still can't believe that people are taken in by the useless platitudes, style, and imagery. A recent poll showed more people think Obama is on the right track economically but that Geithner is not! as if Obama knows much economics...

http://www.gallup.com/poll/117415/Americans-Confident-Obama-Economy.aspx

How stupid are people anyway? even the article can't resist pointing this out:

It is unlikely that many Americans have a highly sophisticated understanding of the complex economic policies enacted in the last several months by either Bernanke or Geithner. Yet only 17% and 14% of Americans, respectively, are not able or willing to give an opinion on confidence in these two men's actions on the economy.

yup, and they vote. They sure have strong opinions, but about what exactly they are not quite sure. Behold the age of the dumb hoards and the image masters who play to them.
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That's right Mav.. this reminds me of one fo the articles I read right around the 2008 election... "If ignorant of issues, don't vote"
 
Quote from dalodoma:

That's right Mav.. this reminds me of one fo the articles I read right around the 2008 election... "If ignorant of issues, don't vote"
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but it was a vote for hope and change!!
 
Quote from libertad:

What was missing was the fact that taxes are going to have to increase in a rather extreme manner over the years to come....

This is an automatic red flag as to how the US positions itself with regards to building a new manufacturing base.... a house built on stone....

Just how can the US be competitive with high tax rates ?

So the question becomes ....

In which case would the US be able to deliver more competitively priced products....and more of them...?

1) A progressive structure resembling the Pre-Reagan years...
0 to 70%+ ????????

Combined with the highest corporate taxes in the world ?


or


2) A 10% consumption tax only......

Combined with the lowest corporate taxes in the world....?????

......................................................................................

So this highlights the case whereby one believes that government by being ever more pervasive in terms of its tax take.....and its presumption that it can be more capitalistic in total....by enforcing a 0 to 70% progressive rate.....

Can be more formidable....

Or would a 0% corporate tax rate .....combined with a 10% consumption tax....be able to deliver capitalism in a more formidable manner....??????


A house built on stone.....?????

Or just another house built on a belief in mirages of stone ?????
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Maybe we can start a war with China, finish them off, and have no one to pay back debt to?
 
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