Um…then why are we spending $800 billion to stimulate the economy? Especially since we’re trillions of dollars over budget.
Even as they depict a massive stimulus package as indispensable to turning the economy around, U.S. Democratic leaders are aggressively lowering expectations that the package will yield dramatic accomplishments quickly.
Rep. David Obey, who is playing a key role in assembling the stimulus plan, which is expected to approach $800 billion, said recently that an infusion of federal spending is “the only game in town.” But the Wisconsin Democrat, who is chairman of the House Appropriations Committee, was careful to add: “The downward momentum appears too strong to end the recession anytime soon.”
House Majority Leader Steny Hoyer’s office said recently that “Congress needs to pass an economic recovery package to prevent any further decline in the economy” — but cautioned, “recovery will not be immediate.”
They’ll spend trillions of dollars trying to fix the problem but they won’t do the one thing that will help: cut the corporate tax rate. Why can’t the Democrats figure out what China, Russia and Europe have figured out, that lower corporate tax rates are necessary when you’re in a recession.
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posted December 22, 2008 at 12:01 pm
“Why can’t the Democrats figure out what China, Russia and Europe have figured out, that lower corporate tax rates are necessary when you’re in a recession.”
Why are Christians like you so in love with corporate wealth and wealth in general? You seem singularly impressed by wealth and money, which is sinful, unChristian behavior.
posted December 23, 2008 at 12:28 am
Yes, because the only solution to the bank and credit failures brought on by Republican deregulation and corporate malfeasance and greed is to cut the corporate tax rate. That’s a genius plan. Why didn’t anyone else ever think of that before?
Stick to posting YouTube videos, recipes, and blog posts from others. Your economic ideas are terrible.
posted December 23, 2008 at 12:33 am
Why are Christians like you so in love with corporate wealth and wealth in general?
Didn’t you know? It’s because Jesus loved the wealthy, and venerated them over all others. At least that’s what modern conservative Christianity tells me, what with the prosperity Gospel being so popular and all.
Michele can’t help herself. She’s just bleating whatever Republican talking points she finds, no matter how contradictory and terrible they are.
posted December 23, 2008 at 4:08 am
So the Reformed position is that corporate income tax rates should be lower, allowing them more money to flog workers, I suppose.
Michelle, I find it very hard to believe that this blog is your calling. But Merry Christmas anyway.
posted December 23, 2008 at 3:38 pm
So Bush didn’t cut taxes low enough for 8 years? You have got to be putting us on!