The Obama economy.

Quote from Mercor:
Why not remove all business taxes. If profits from investments in business were tax free, business activity would explode along with job growth.
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Are you serious? Do you really think if businesses had lower taxes that would stimulate job creation? Businesses will do what’s best for themselves, not their employees or customers.

How does giving Exxon a tax break encourage them to create more jobs? They’ll take that money, say thankyou very much and put it in the bank. There executive bonus checks will go from millions, to tens of millions. If they are going to expand, they’ll expand on their own. Besides, what if we’re talking about giving tax cuts to, lets say a McDonald’s franchise owner. Using your logic, that means more McDonald’s will be built and employ more workers. Aren’t those crappy jobs? You want more of those?

$1000 checks to every American will make a small dent in paying back Americans what corporations have stolen from them.

I know nobody here is going to agree with me, but just answer me this. Why do we have the second highest business taxes in the world, yet the largest corporate profits? It seems they’re doing just fine.
 
Quote from Sandybestdog:



How does giving Exxon a tax break encourage them to create more jobs? They’ll take that money, say thankyou very much and put it in the bank. There executive bonus checks will go from millions, to tens of millions. If they are going to expand, they’ll expand on their own. Besides, what if we’re talking about giving tax cuts to, lets say a McDonald’s franchise owner. Using your logic, that means more McDonald’s will be built and employ more workers. Aren’t those crappy jobs? You want more of those?
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Lets take the McDonalds analogy one step further. MCD hires and schedules based on demand. If the owner gets a tax cut, he doesn't use the savings to hire more workers, he pockets it. If his demand increases by 20% THEN he hires more people. The thing that needs to be stimulated is the DEMAND side of the economy, not the SUPPLY side. SUPPLY side economics has been proven not to work. Lets see how we do stimulating the DEMAND side, that creates jobs, just check the 90s-- 20 million jobs created.
 
Quote from runningman:
Lets take the McDonalds analogy one step further. MCD hires and schedules based on demand. If the owner gets a tax cut, he doesn't use the savings to hire more workers, he pockets it. If his demand increases by 20% THEN he hires more people. The thing that needs to be stimulated is the DEMAND side of the economy, not the SUPPLY side. SUPPLY side economics has been proven not to work. Lets see how we do stimulating the DEMAND side, that creates jobs, just check the 90s-- 20 million jobs created.
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Well I meant that McDonald’s is not good jobs and if the tax cut were to stimulate expansion, then what’s the point. I also agree with what you’re saying as well. We don’t have an education problem. We don’t have a savings problem. We don’t have a work ethic problem. We have a jobs problem. For years we have let our so called free markets result in corporations doing whatever they have to to have the highest profit possible. Insourcing and outsourcing to name two. This has crumbled our job markets. Thus the demand for stimulus.

It’s been a few hours since my post and nobody has called me a Communist yet, so I guess nobody has been able to answer why our corporate tax rates are the second highest, yet corporate profits are also the highest.

I went down to DC today and snapped this. I feel like a great burden has been lifted from this country knowing a different person is living here now, and I voted for Bush and not for Obama. This election I began thinking. Is it better to vote for someone who recognizes the problem, but has the wrong solution, or somebody who doesn’t even recognize the problem, but may have a better solution if he did. I think I’d rather have the first.
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Dick Morris.

The guy who worked for Clinton, was talking about classified national security matters while coked up, on the phone, in a hotel room, with a hooker hanging on him.

Just the kind of guy Faux News resorts to and tries to cloak with credibility when the mood strikes them (assuming they say all the right things).


What a joke anyone who watches Faux News or listens to Dickhead Morris is.
 
Quote from Sandybestdog:

$1000 checks to every American will make a small dent in paying back Americans what corporations have stolen from them.
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1) I am an American. I didn't get any stimulus check from Bush and I won't get one from Obama. Where's my "piece of the pie"? (Footnote- Quote taken from one of Michelle Obama's pro socialism rants).

2) I know a few people who received the first stimulus check. No one, NOT A SINGLE ONE OF THEM spent it in a way that "stimulated" the economy. Some of them paid down a small fraction of their credit card bills, some paid part of their monthly mortgage payment, most just deposited it into their bank account where it's been sitting for months. The same thing will happen with the next "stimulus" check.

3) Corporations didn't steal anything from the American people. Our elected officials stole taxpayer money and gave it to the corporations.
 
Quote from Clubber Lang:
1) I am an American. I didn't get any stimulus check from Bush and I won't get one from Obama. Where's my "piece of the pie"? (Footnote- Quote taken from one of Michelle Obama's pro socialism rants).
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Yes! I knew it was just a matter of time before I got the Socialist bit thrown at me. Everybody who paid taxes got a check from Bush. I got one. It looks like they’re structuring this one the same way. Anyways you did pay taxes, you just didn’t know it. The Federal Reserve taxes more every year than the Congress. They print money out of thin air. This causes inflation. Rich people are immune and in fact benefit from inflation. Poor and middle class people who spend 100% of their income pay for the inflation. So in fact, poor people pay more taxes than the rich. So shouldn’t you get a piece of the pie that you paid for?
Quote from Clubber Lang:
2) I know a few people who received the first stimulus check. No one, NOT A SINGLE ONE OF THEM spent it in a way that "stimulated" the economy. Some of them paid down a small fraction of their credit card bills, some paid part of their monthly mortgage payment, most just deposited it into their bank account where it's been sitting for months. The same thing will happen with the next "stimulus" check.
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Who cares if they didn’t spend it. They got the money, that’s a good thing. Paying down credit is a good thing. It decreases the money supply and therefore strengthens the purchasing power of the dollar. This hurts the rich.
Quote from Clubber Lang:
3) Corporations didn't steal anything from the American people. Our elected officials stole taxpayer money and gave it to the corporations.
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So if you robbed a bank and then gave me some of the money, does that make it ok if I take it?
 
Quote from Sandybestdog:

Are you serious? Do you really think if businesses had lower taxes that would stimulate job creation? Businesses will do what’s best for themselves, not their employees or customers.

How does giving Exxon a tax break encourage them to create more jobs? They’ll take that money, say thankyou very much and put it in the bank. There executive bonus checks will go from millions, to tens of millions. If they are going to expand, they’ll expand on their own. Besides, what if we’re talking about giving tax cuts to, lets say a McDonald’s franchise owner. Using your logic, that means more McDonald’s will be built and employ more workers. Aren’t those crappy jobs? You want more of those?

$1000 checks to every American will make a small dent in paying back Americans what corporations have stolen from them.

I know nobody here is going to agree with me, but just answer me this. Why do we have the second highest business taxes in the world, yet the largest corporate profits? It seems they’re doing just fine.
More...

What is best for business is to have many happy employees and customers.

If Exxon put their profits in the bank they will have huge tax liabilities. Exxon needs to reinvest or pay dividends on excess profits to avoid paying more taxes. Dividends boost the demand side of economics. Reinvestment does create jobs.

A good CEO is as hard to find as an baseball player who can bat .350. An athlete at that level will earn at least 30 million.

Crappy jobs: Never a problem to find workers for these jobs.
These are entre level jobs. Very few people stay more then a few years at this pay level. From these ranks many go on to become managers. Many may want to start their own business.

Say that one of these crappy job employees saves his money and with a group of family members want to start their own Taco stand. High business taxes, minimum wages, regulations all make it harder for a new small business to succeed. Without new competition this only makes the nasty corporation stronger. Less competition will cause higher consumer prices and lower wages for workers.

We need to encourage crappy job holders to save and plan to become self employed entrepreneurs. The costs to start a new business need to be low.
 
Lets take the McDonalds analogy one step further. MCD hires and schedules based on demand. If the owner gets a tax cut, he doesn't use the savings to hire more workers, he pockets it. If his demand increases by 20% THEN he hires more people. The thing that needs to be stimulated is the DEMAND side of the economy, not the SUPPLY side. SUPPLY side economics has been proven not to work. Lets see how we do stimulating the DEMAND side, that creates jobs, just check the 90s-- 20 million jobs created.

there wasn't one single demand side package in the 90's, what the hell you talking about? There was a tax cut in 97.

Why can't people remember that 95-2001 was all about the republican revolution? Why?

The mcdonalds economy has already been stimulated as more people have shifted their eating habtis down, that story has been in the news so try and at least pay attention to the news before you form your half baked opinions. It's the high end restaurants that are suffering and incidentally waiters at those high ends probably make something comparable to a macdonalds manager.

$1000 rebates will mildly stimulate the wal-mart/macdonalds economy- so what? Nobody is going to start buying the high end products and services which provide high paying jobs as sandy pointed out.
 
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