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Buzz,
finally someone in the lounge is making sense, the vitriol hatred that is spewed in the lounge is disturbing, all this talk about the stimulus bill is just mindless political rotoric,
talking points put out by the worst the media has to offer.
The reason that our economy is crashing is no one is spending money, banks are not loaning money and people are afraid to spend when they don't know if they will have a job tomorrow.
The way to cure this is to stimulate the economy, the way they do that is spend money, that's exactly what the stimulus bill does, you may not like everything in it, but you cannot deny that everything in it will put someone to work, if they are working they are spending, if they are spending, we start our climb out of the mess, if we do nothing, or wait too long recovery may take 10 years or more, if at all if we do this we could turn this around in 2 to 4 years.
The same thing could be said about the tax situation, some think the cure to all of our troubles is to cut taxes, I say they are a necessary evil, and those that cry most about cutting taxes would never be effected by the taxes anyway. I think we need to go back to the pre Reagan taxes, prior to that we had a slow steady growth, every time the taxes were lowered on the top 5% we have had a bubble and it always pops!
Taxes are like the air fuel mixture in your engine, too much fuel and you flood the engine! the mix has to be just right. we have enough history on the GGDP to know and understand what point the mix needs to be, but, and here lies the crux of the biscuit, the top 5% have their preferred party bamboozled into thinking that taxing them at those rates will harm the middle class, it's a lie! So now we have CEO,s making 275% more than the average worker and our economy has not grown, its only when that rate was closer to what they pay their labor has the economy grown,
It's not to say that they cannot shelter there income, but that requires them to invest it, and when the labor can earn a living wage, when that happens the economy grows.
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