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Originally Posted by roachboy
this is an awful lot of shucking and jiving and empty conservative blah blah blah to avoid he simple facts of the matter. supply side/monetarist policies are what got the economy into this wreck of a situation. they have nothing to offer as a way out.
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I look at my own personal financial situation because at the end of the day that's what really matters. Comparing my financial state of affairs in Jan 2001 and Jan 1 2009, I was still substantially better off even with the market crash. For a few years, my tax rates went down across the board. My position's somewhat improved since Obama's moved in, but not much.
Quote:
Originally Posted by roachboy
supply siders cannot even bring themselves to talk about allocation of resources because they'd run into the military problem.
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I've posted a couple times previously that we need to finance the military to support a proper defense, as mandated by the Constitution. I further stated that foreign bases need to be reconsidered. Any base which is not important to US strategic defense interests and where we are not getting as much value in support from the country it is located in should be closed. Along with that we aggressively cut subsidies and entitlements.
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Originally Posted by roachboy
i see nothing from ace, nothing from dogzilla that even remotely begins to address unemployment. ace obssesses about fantasy tax questions;
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There are several problems with unemployment. I live in New York state which has one of the higher tax burdens in the country. There is continual commentary about the high tax rates in this state being unfavorable to business. New York state population is declining in part because of excessive taxes. Make tax rates high enough and businesses and investment capital will go elsewhere. Beyond that, the regulatory burden here is excessive. I have a nephew who lived in China for 10 years who commented about how things just get done there. Dlish made a comment on another thread about how things just got done in Dubai. Things don't 'just get done' here. Then there's the salary and benefits cost of a US employee that just doesn't justify work that can be done just as well elsewhere for less money. I deal with that on a daily basis since I have a team split between here and India. The new work is going to India even with all the skill problems we have.
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Originally Posted by roachboy
dogzilla is focused only on repeating the conservative meme-of-the-moment about obama's stimulus package, as if the economic disaster we're still moving through originated on obama's watch when ANYONE who is not lying to themselves knows that this turd is a conservative turd which began forming in earnest around 2002 and which squeezed out onto all of us in 2007.
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Regardless what Bush did, it was Obama who funded the cash for clunkers program and the home credit programs that did nothing more than borrow billions more dollars from China and borrow against future car and home sales. Now that Obama's giveaways are over, so are the increased sales. Some stimulus.
All this liberal screaming about how taxes should be raised reminds me of how money fled the UK in the 60's timeframe.