The same is true with middle class tax cuts. They have less money to spend so when they get $2000 back they save it instead of spending it like was thought. They should just take off the money from their paychecks instead of sending people a big fat check, that way they won't notice it as a huge amount therefore they will be more inclined to spend the money on the economy.

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consumer spending up .6%

GDP up .7% last quarter

100,000-175,000 jobs created Oct. projection.

those aren't winning numbers


am a bit curious on who's "projecting" the job growth figures. that's bush's only saving grace.


anyways, back to crawford.. biatch!

quote:

Originally posted by Q5echo consumer spending up .6% GDP up .7% last quarter 100,000-175,000 jobs created Oct. projection.

And the unemployment rate didn't go down and that only includes people actively seeking work at that moment. And of course the PROJECTED numbers by the Bush administration say more jobs will be created, especially in the last numbers before the eletion. They projcted large increases would happen due to the tax cuts and have had to post corrected numbers several times after projecting gains that were much greater than reality. The minimum wage is still $5.15 and the Bush adminstration hasn't raised it once. Nice try when Bush tried claiming he tried supporting a wage rise by Mitch McConnell in the debates, but the House and Senate are both GOP. Such a "strong leader" should be able to pass that if he wants it, considering he'd even have the Dems on his side. People who make $5.15 an hour have "jobs", but when it doesn't even go up to reach cost of living increases and skyrocketing health care and education costs, it's not enough. Great economy W!

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Download My Spring '08 Mix Here

Thurs May 15: Influence @ Tini Martini w/ Kris B. vs. Nosmo, Rikler & Mike Palmeri
Thurs June 5: Under the Influence @ Tini Martini w/Mathias Matthew, Jack Kim & more TBA

quote:

Originally posted by wolverine16 And the unemployment rate didn't go down and that only includes people actively seeking work at that moment.

Good point.

Unemployment % =
UNEmployed / Labor Force ( Those employed + Those Looking for a Job)


Labor force has shrunk in recent years , artifically creating a low unemplyment rate.

I stress my point that tax cuts should be targeted to indiviuals which are most likely to consume. This is the best why to create debt but improve economic activity. Also, I think tax cuts to encourage conservation would be a good idea. For example, people should get a tax cut if they install high effiency windows,purchased hybrid cars, etc. A gernal tax cut , like Bush's, needs to be reformed. We need a stragetic tax cut that will improve the economy and spur innnovation and conservation. But an idiots like Bush, who are not well versed in economics, continue to beleive that a tax cut across the board is the best policy. I think Kerry has an idea to reform this tax policy.

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Last edited by Dave Piazza on Nov-01-2004 at 17:53

quote:

Originally posted by Spacey Orange are you suggesting he should have voted for someone who probably can't spell, much less speak?

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quote:

Originally posted by Dave Piazza John F. Kerry [quote]1)I realized that Bush's Tax policy is f#cked up. How can giving a Millionare CEO a tax reduction going to help the economy? It isnt. In economics, it has been proven that the higer income indivuals dont spend extra $$$ but rather save it. It would be wise to give tax cuts to low income and middle class people who will actually spend the tax cuts to improve the economy.

Everybody who pays taxes got a cut. If you don't pay any taxes, why would you be entitled to receive anything back that you never put in in the first place? Tax credits are nothing but glorified tax warfare and government controlled distribution of wealth, when it's not the government's wealth in the first place.

quote:

2) Bush does not have the poltical personality to enguage the world in discusion. He basically an idiot. Idiots are fun to be with be not fun to lead a country. Daddy and his friends can help him out of this mess. 6) Hes an idiot. Idiots should not be in leadship roles. He should be on a farm not in the white house. He cant speak. He cant make disicussions. His only strength is that he is religious. But religion cant save this fool. God help us.

Redundant. You could've consolidated these points and wasted less space.

quote:

5) Bush is in bed with 'Big Business'. With the oil companies to the drug companies. This is ridiclious. The whole flu shot thing is another example of bush trying to help fatten the wallets of drug providers.

Sounds like you haven't got a clue about the whole flu shot issue--why it came about and how the dynamics actually work. It has nothing to do with Bush, but if you've been sucking John Kerry's dick for a few weeks, you probably got the impression that Bush is responsible for the law of entropy, gravity, lunar cheese, etc.

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7) He has alientied our freinds and allies. He has lied. He continues to lie.

Who? France? What "lies" are you speaking of. Very general comment there.

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8) He didnt even try to catch Osama. He fuckin let war lords to do the work. What a fuckin idiot!! Than his war commanders tell him we need 400,000 troops for Iraq ; not liking the #'s given he discharges the commanders. Fuckin idiot !

I don't know how many war plans have ever been executed perfectly, but it sounds like you've been listening to Kerry again. Of course, Kerry says he "Outsourced the job to the warlords"--nice use of a negative buzzword. Nevermind that those warlords presumably(and logically so) know the terrain of those mountains much better than the marines who have never been there before, and therefore it was probably a very logical strategy to implement. Nevermind the fact that it was never proven definitively that Osama was even in the areas where they were searching.

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America is in a shitty place economically and in a shitty place politically. Bush could have done alot of things differently; from the details of tax cuts( greater emphasis to low income and mid-income), the organization and strategey of the war in Iraq ( more allies and listen to Powell) , and a plan for our health care ( not some bullshit he promises in 2007)

America is a shitty place? How so specifically for you? My income has gone up over 100% in the last 4 years, I own a house, and have a steady job to boot. I've seen much shittier. Your healthcare comments are hooha.

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A Vote For Bush Is a Vote for more of the same sorry shit.

If more of the "same sorry shit" is a bad thing, I don't wanna be good!

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Kerry convinced me the future would be better with a different leader.

Maybe, but Kerry sure ain't the right guy.

quote:

Originally posted by Dave Piazza I stress my point that tax cuts should be targeted to indiviuals which are most likely to consume. This is the best why to create debt but improve economic activity. Also, I think tax cuts to encourage conservation would be a good idea. For example, people should get a tax cut if they install high effiency windows,purchased hybrid cars, etc. A gernal tax cut , like Bush's, needs to be reformed. We need a stragetic tax cut that will improve the economy and spur innnovation and conservation. But an idiots like Bush, who are not well versed in economics, continue to beleive that a tax cut across the board is the best policy. I think Kerry has an idea to reform this tax policy.

It's true that an individual's marginal propensity to consume decreases as income increases, however, the flip-side is that their marginal propensity to save increases. Where do you think people save their money, under their mattress? The supply of money available for investment increases, the interest rate decreases, and business investment increases (in this case, investment means capital investment by businesses, not consumers buying mutual funds etc). I tend to believe that more economic activity would be stimulated by increased business investment than by increased burger sales at McDonalds. Wealthy people are relatively more productive with their money for at least two reasons: economies of scale, and likely a better understanding of financial management.

poopyheads vote for kerry

quote:

Originally posted by .montecarlo. It's true that an individual's marginal propensity to consume decreases as income increases, however, the flip-side is that their marginal propensity to save increases. Where do you think people save their money, under their mattress? The supply of money available for investment increases, the interest rate decreases, and business investment increases (in this case, investment means capital investment by businesses, not consumers buying mutual funds etc). I tend to believe that more economic activity would be stimulated by increased business investment than increased burger sales at McDonalds. Wealthy people are relatively more productive with their money for at least two reasons: economies of scale, and likely a better understanding of financial management.

Couple of pretty good, legitimate points. Saving money does not mean taking it out of circulation. It simply means putting it to a use other than immediate consumption of a finished product. Saving and investing is good because it helps create more money, thus increasing future money flows.

quote:

Originally posted by Shakka Everybody who pays taxes got a cut. If you don't pay any taxes, why would you be entitled to receive anything back that you never put in in the first place? Tax credits are nothing but glorified tax warfare and government controlled distribution of wealth, when it's not the government's wealth in the first place. Redundant. You could've consolidated these points and wasted less space. Sounds like you haven't got a clue about the whole flu shot issue--why it came about and how the dynamics actually work. It has nothing to do with Bush, but if you've been sucking John Kerry's dick for a few weeks, you probably got the impression that Bush is responsible for the law of entropy, gravity, lunar cheese, etc. Who? France? What "lies" are you speaking of. Very general comment there. I don't know how many war plans have ever been executed perfectly, but it sounds like you've been listening to Kerry again. Of course, Kerry says he "Outsourced the job to the warlords"--nice use of a negative buzzword. Nevermind that those warlords presumably(and logically so) know the terrain of those mountains much better than the marines who have never been there before, and therefore it was probably a very logical strategy to implement. Nevermind the fact that it was never proven definitively that Osama was even in the areas where they were searching. America is a shitty place? How so specifically for you? My income has gone up over 100% in the last 4 years, I own a house, and have a steady job to boot. I've seen much shittier. Your healthcare comments are hooha. If more of the "same sorry shit" is a bad thing, I don't wanna be good! Maybe, but Kerry sure ain't the right guy.

Good for you if you're doing well economically, but a lot of people aren't. Healthcare costs have been going up tremendously and it's barely due to trial lawyers. HMO's take your moneyand invest it to make better returns and profit and the stock market was down before, so they lost money and had to raise premium rates. Many states have caps on lawsuits and their rates have continued to go up. Plus Bush signed into legislation a bill that prevents people who are insured through their employer from suing their HMO. Most people are insured this way.

As far as tax cuts, how is Bush planning to pay for tax cuts, Iraq, Afghanistan and the deficit? He's not! Just leave it for the next guy. If you do give tax cuts,you should give it to those with less,because it does stimulate the economy. People with little money will spend it, because they don't have enough. That money then goes into businesses who are providing a service and allows the owner of the business to make money and hire more people or provided better incentives for existing workers. Trickle down economics doesn't work, because by giving to people who already have money and are presumed to be buisness owners, there is no free market competition to earn money, which is the main idea of capitalism. Investing in the lower class works it's way up and helps all.

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Download My Spring '08 Mix Here

Thurs May 15: Influence @ Tini Martini w/ Kris B. vs. Nosmo, Rikler & Mike Palmeri
Thurs June 5: Under the Influence @ Tini Martini w/Mathias Matthew, Jack Kim & more TBA

quote:

Originally posted by speedracer_mec poopyheads vote for kerry

So what you're saying is Kerry will win the election right?

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