Comments on: A Stimulus Bill with 40% in Tax Cuts Won’t Do the Job http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/ Firedoglake weblog Thu, 26 Nov 2009 04:49:29 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: MarkH http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782515 MarkH Mon, 05 Jan 2009 19:57:03 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782515 <blockquote><p>we can’t just stand by while out country goes to hell. i’m open for suggestions.</p></blockquote> <p>Tie your shoes. Look where you’re going. Don’t fall on your face.<br /> Maintain your superior position of being humble. Look up to others. Listen.<br /> Stop smoking! Say “Please” or “Thank you” as is relevant.</p> <p>Have your shrieking screaming fit in private.</p> <p>Make polite suggestions at <a href="http://www.change.gov" rel="nofollow">www.change.gov</a> and pray things go well.</p>

we can’t just stand by while out country goes to hell. i’m open for suggestions.

Tie your shoes. Look where you’re going. Don’t fall on your face.
Maintain your superior position of being humble. Look up to others. Listen.
Stop smoking! Say “Please” or “Thank you” as is relevant.

Have your shrieking screaming fit in private.

Make polite suggestions at http://www.change.gov and pray things go well.

]]> By: wigwam http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782292 wigwam Mon, 05 Jan 2009 16:10:40 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782292 <p>It has long been observed that a new president’s greatest freedom of action lies in implementing the platform of his opponent. His/her side will support him/her out of loyalty, while the other side will go along because they’re getting what they want, e.g., Lyndon Johnson went to war within months of winning the ‘64 election on a peace platform. </p> <p>IMHO, PEBO is exploiting this principle to a ridiculous extent. I, for one, voted against Hillary because I detested her foreign policy proclivities, e.g., the talk about “obliterating” Iran.</p> <p>So, I’m not surprised that he’ll emphasize take cuts in his economic policy. I’m sure it’s what his advisors are advising.</p> It has long been observed that a new president’s greatest freedom of action lies in implementing the platform of his opponent. His/her side will support him/her out of loyalty, while the other side will go along because they’re getting what they want, e.g., Lyndon Johnson went to war within months of winning the ‘64 election on a peace platform.

IMHO, PEBO is exploiting this principle to a ridiculous extent. I, for one, voted against Hillary because I detested her foreign policy proclivities, e.g., the talk about “obliterating” Iran.

So, I’m not surprised that he’ll emphasize take cuts in his economic policy. I’m sure it’s what his advisors are advising.

]]> By: selise http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782279 selise Mon, 05 Jan 2009 15:55:45 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782279 <p>i keep forgetting that one. thanks for the reminder.</p> i keep forgetting that one. thanks for the reminder.

]]> By: selise http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782278 selise Mon, 05 Jan 2009 15:54:55 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782278 <p>LOL. don’t count it - i’m pretty sure everyone who knows me in real life thinks i excel at being a pain in the ass.</p> LOL. don’t count it – i’m pretty sure everyone who knows me in real life thinks i excel at being a pain in the ass.

]]> By: selise http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782275 selise Mon, 05 Jan 2009 15:53:17 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782275 <blockquote><p>I think part of the problem is that Obama’s people really don’t have many ideas about how to spend the money in the stimulus so they are going to tax cuts to make up the difference.</p></blockquote> <p>how can that be?</p> <p>i don’t even like to shop (well, except for plant nurseries and book stores), but give me a budget of $1 Trillion and i would have no problem thinking up ways of spending it on stuff for the country. do they have no imagination?</p>

I think part of the problem is that Obama’s people really don’t have many ideas about how to spend the money in the stimulus so they are going to tax cuts to make up the difference.

how can that be?

i don’t even like to shop (well, except for plant nurseries and book stores), but give me a budget of $1 Trillion and i would have no problem thinking up ways of spending it on stuff for the country. do they have no imagination?

]]> By: demi http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782262 demi Mon, 05 Jan 2009 15:45:08 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782262 <p>I’ve said it before, and I’ll say it again: You are a much nicer person than I. :)<br /> (am upstairs now, tho.)</p> I’ve said it before, and I’ll say it again: You are a much nicer person than I. :)
(am upstairs now, tho.)

]]> By: Hugh http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782256 Hugh Mon, 05 Jan 2009 15:39:02 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782256 <p>I would also point out parenthetically that telecoms have already received some $200 billion in fees from customers which were supposed to be applied to building a high speed internet system. They took the money but of course did not build the system.</p> I would also point out parenthetically that telecoms have already received some $200 billion in fees from customers which were supposed to be applied to building a high speed internet system. They took the money but of course did not build the system.

]]> By: Hugh http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782252 Hugh Mon, 05 Jan 2009 15:36:05 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782252 <p>I have thought that Krugman has been behind the curve on several aspects of the meltdown but he is right about this as is Ian. This is too tax cut heavy. I would actually do away with the tax cuts for the wealthy. That’s excess cash that wouldn’t be used productively anyway.</p> <p>I think part of the problem is that Obama’s people really don’t have many ideas about how to spend the money in the stimulus so they are going to tax cuts to make up the difference.</p> I have thought that Krugman has been behind the curve on several aspects of the meltdown but he is right about this as is Ian. This is too tax cut heavy. I would actually do away with the tax cuts for the wealthy. That’s excess cash that wouldn’t be used productively anyway.

I think part of the problem is that Obama’s people really don’t have many ideas about how to spend the money in the stimulus so they are going to tax cuts to make up the difference.

]]> By: masaccio http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782247 masaccio Mon, 05 Jan 2009 15:33:48 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782247 <p>It seems like the problem is that demand for goods and services has fallen through the floor. The solution is to create demand. The engine for doing that is government spending. Tax cuts won’t create demand, especially tax cuts for business and the rich.</p> It seems like the problem is that demand for goods and services has fallen through the floor. The solution is to create demand. The engine for doing that is government spending. Tax cuts won’t create demand, especially tax cuts for business and the rich.

]]> By: gbsavatar http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782240 gbsavatar Mon, 05 Jan 2009 15:29:36 +0000 http://firedoglake.com/2009/01/05/a-stimulus-bill-with-40-in-tax-cuts-wont-do-the-job/#comment-1782240 <p>When discussing that a good deal of the bailout money is being used by financial institutions to purchase others, I don’t hear mention that this is creating more “too big to fail” enterprises. The management of “too big to fail” enterprises possess the ultimate license to “steal.” They can lose as much as they like and their account will always be replenished. Any plan to correct the problems in our economic system must include provision to break up these enterprises into ones which are not “too big to fail.”</p> When discussing that a good deal of the bailout money is being used by financial institutions to purchase others, I don’t hear mention that this is creating more “too big to fail” enterprises. The management of “too big to fail” enterprises possess the ultimate license to “steal.” They can lose as much as they like and their account will always be replenished. Any plan to correct the problems in our economic system must include provision to break up these enterprises into ones which are not “too big to fail.”

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