This is the problem with democrats. All they seem to want to see here in these “troubled times” is a new way to seize control of more power. More of forcing us to live how they want us to live. I say fuck them! I like what Barack Obama has said about the economy with the exception of the severity of the situation.
First of all, the economy isn’t as bad as the idiots in the media are making it out to be. I lived through Jimmy Carter. That is sort of like going through a war. It’s something that you can never forget. It scars you for life. If you think times are bad now, you should have been a teenager in the 70′s after that moron Jimmy Carter fucked things up.
Again in 1987 when on “Black Monday” they Dow Jones lost more than half of it’s value in less than 24 hours. It’s the same fucking bill of goods they sold me back then. For the media it’s like putting a silk hat on a pig. The vast majority of Americans can’t remember what they had for dinner last night, let alone what happened 22 years ago.
And it’s exactly this undeniable fact that the media preys upon. The American public’s inability to remember. Barack Obama is right. Raising taxes, even to cover the outlay of cash that the government is using for bailouts would stymie an already struggling economy. If you don’t believe me all you have to do is look back to Bill Clinton’s first 2 years in office. Raising taxes was Bill Clinton’s first order of business. He now admits that it was a mistake because it slowed an economy that was just getting ready to take off again.
Let us not forget that when Alan Greenspan told him two years later that he should lower taxes to help stimulate the economy Bill Clinton did just that and the economy never looked back until now. THAT is what made Clinton a good President. His ability to listen to others. I am willing to bet that this is EXACTLY what Barack Obama is doing much to the chagrin of the Democrats in Washington.
I for one am hoping that President-elect Barack Obama doesn’t make the same mistakes that Bill Clinton did in his first two years in office. President Clinton on the Democratically led legislature thought they had ssome sort of mandate for change. They thought America wanted to be a socialist nation. We all saw how far that got them. In 1994 they lost control of the house and senate. The memories of CSPAN should Tom Daschele and his cronies sitting on the lawn of the house claiming that they couldn’t get any time on the house floor while CSPAN would put the live feed of the EMPTY HOUSE CHAMBERS was the funniest damn thing I can remember in recent history. Oh sorry. I forgot that most of you forgot about that. JD
Reuters article below.
By Jeremy Pelofsky
WASHINGTON (Reuters) – Top U.S. Senate Democrats on Thursday raised concerns about some of the tax breaks that may be included in a stimulus plan aimed at boosting the stricken economy, questioning if they would have a significant impact.
President-elect Barack Obama urged that state aid and spending on infrastructure be coupled with tax cuts in an effort to win over Republicans skeptical about large spending programs. The tax initiatives could total some $310 billion.
The Senate Finance Committee met behind closed doors to begin talks about the stimulus package, and one Republican leadership aide said Democrats were considering $188 billion in tax cuts for individuals and $76 billion for businesses.
Two ideas that have surfaced include a payroll tax credit for middle class workers of $500 for individuals and $1,000 per family, and a $3,000 tax break for each new worker businesses hire.
“I’m very worried about marginal incentives in a package that won’t have much effect,” said Sen. Kent Conrad, chairman of the Senate Budget Committee and a North Dakota Democrat.
“For example, a jobs credit, that seems improbable to me that if you give jobs credit to businesses in this economic environment that they’re going to hire people to build things that can’t sell,” he told reporters.
Conrad also panned the idea of a payroll tax credit. “I don’t think there’s much bang for the buck there,” he said.
Senate Finance Committee Chairman Max Baucus said he was tentatively looking to begin hammering out legislation in the committee a couple days after the January 20 presidential inauguration.
“Senators know that we have to act very quickly and have to act very effectively and efficiently,” the Montana Democrat told reporters. “No one expressed any significant opposition to moving ahead because of the cost.”
The Congressional Budget Office projected a $1.2 trillion budget deficit for the 2009 fiscal year, causing some gasps on Capitol Hill because that did not include the stimulus cost which could be $775 billion over two years.
Baucus said a lot of questions were raised about tax proposals, but added that it was too early to say what shape the stimulus will take. “I think it’s too early to know.”
Some Republicans, including Minority Leader Mitch McConnell, have pushed for cutting the 25-percent middle-class tax rate as a way to get money into the hands of Americans quickly.
Other Democrats expressed skepticism about the hiring tax credit, including Sens. Ron Wyden of Oregon as well as John Kerry of Massachusetts who noted that most companies that plan to hire are likely to do so anyway so the credit would not necessarily spur job growth.
“I’d rather spend the money on the infrastructure, on direct investment, on energy conversion and other kinds of things that much more directly, much more rapidly and much more certainly create a real job,” Kerry told reporters.