On-Topic The Economy and Job Market Sucks and is Not Getting Better

[Kulindahr]

Cuz that worked SO WELL before. yawn

In the current global situation reducing corporate taxes would be a good idea -- not drastically, for multinationals, but some easing anyway. For small businesses (real ones), drastic cuts are in order.

But taxes on the wealthy should go back to the JFK level of 70%, or the patriotic Eisenhower level of 90%. We cannot afford a tax structure that gives the wealthy more in cuts than the rest actually pay in taxes. In fact the evidence shows that the economy does better with two things happening: higher taxes on the wealthy to support infrastructure, and reductions of the deficit not so much by spending cuts as by a spending freeze (which Obama had managed to effectively impose).

Even Reagan knew that when deficits grow, taxes on the wealthy have to be raised. Only today's dimwitted dismantlers of liberty masquerading as conservatives and republicans think otherwise.

 

[ReadyWithReadyWit]

^^^

... and the reason they want Obama gone?

-- uncertainty in just about everything including laws, executive orders, new taxes, new regulations, ObamaCare, etc.

-- no clearly defined future, no vision how the USA will prosper and grow

-- businesses as well as people are looking for leadership, they've not found it with Obama

Uncertainty IS actually EXTREMELY important in terms of economic growth, but blaming Obama for this uncertainty is a tad shortsighted. The truth is that close elections in general are bad for the economy, because of the uncertainty they impose for businesses. Thus:
a.) ironically, all else equal, the economy would be doing better if Obama was polling further ahead
b.) now that there have been the foundations of an (admittedly sluggish) recovery, the economy will improve after the election regardless of who is elected due to the removal of some of this uncertainty

In terms of Obamneycare causing uncertainty, that may be marginally true, but I would argue that it is very shortsighted- businesses are dynamic (they were in MA) and will be able to adjust in the medium-run. The legislation tackles serious longterm issues in the healthcare market, is supported by sound economic theory, and is better than the Republicans' (complete lack of a reasonable, realistic) alternative. And, Republican governors across the nation refusing to implement mandated provisions of the law certainly aren't helping alleviate this uncertainty. They are "gambling" with their states' economic futures and will have done irreversible damage to their own citizens if Obama ends up being reelected.

 

[Benvolio]

Ways to adjust to The threat of Obamacare, include: keep employees under the number 50, fire some if necessary, outsource as many as possible, do not hire people with families, do not expand the business if medical insurance will make it unprofitable, eliminate marginal parts of the business.

 

[prudyprudestein]

Republican Plan, the wealthy 1% keep their money through lower taxes (Romney Proposal) and use all the exemptions possible to keep even more of their money. Make the middle class pay and force them into poverty. Enslave any who doesn't believe the way we do. Let's go back to the era of the 50's and live our lives as if everyone had a daddy and mommy, everyone is white and and entitled. Pretend there is no one in need. Pretend we our a Christian nation, yet we really don't practice Christianity but it looks good on paper. Pretend we are upstanding citizen, loving our wives and screwing the boy next store since that is really what we want.

Trickle down economics worked so well the first time it was tried. Getting rid of so called unnecessary regulations and that worked so well. The reason why we are in a financial mess is because there was no one overseeing the financial institutions and their desire to make more money, risky and riskier investments. Just like a house of cards, eventually it all crashed. I thought the business was conservative and made wise investments.

Many republicans want their cozy, comfortable kingdoms and don't understand how not everyone can bring themselves up by the boot straps. Maybe if the masses were well educated by well funded public education then they might be able to do that. Wealthy people don't send their children to public schools. If you have so much wealth, then you can afford to pay for everything you want. Everyone else wants a good life too but has less resources to achieve that goal.
It seems the wealthy want to get all benefits of the government but refuse to pay for them. Someone else should pay.