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  1. #1 What Are They Buying? 
    HR Corporate Scum patriot45's Avatar
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    Thomas Sowell for president!


    Money for nothin



    Everyone is talking about how much money the government is spending, but very little attention is being paid to where they are spending it or what they are buying with it.

    The government is putting money into banks, even when the banks don't want it, in hopes that the banks will put it into circulation. But the latest statistics shows that banks are lending even less money now than they were before the government dumped all that cash on them.

    Even if it had worked, putting cash into banks, in hopes that they would put it into circulation, seems a rather roundabout way of doing things, especially when the staggering sums of money involved are being justified as an "emergency" measure.

    Spending money for infrastructure is another time-consuming way of dealing with what is called an immediate crisis. Infrastructure takes forever to plan, debate, and go through all sorts of hearings and adjudications, before getting approval to build from all the regulatory agencies involved.

    Out of $355 billion newly appropriated, the Congressional Budget Office estimates that only $26 billion will be spent this fiscal year and only $110 billion by the end of 2010.

    Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire.

    If you cut taxes tomorrow, people would have more money in their next paycheck, and it would probably be spent by the time they got that paycheck, through increased credit card purchases beforehand.

    If all this sound and fury in Washington was about getting an economic crisis behind us, tax cuts could do that a lot faster.

    None of this is rocket science. And Washington politicians are not all crazy, even if sometimes it looks that way. Often, what they say makes no sense because what they claim to be doing is not what they are actually doing.

    No matter how many times President Barack Obama tells us that these "extraordinary times" call for "swift action," the kind of economic policies he is promoting take effect very slowly, no matter how quickly the legislation is rushed through Congress. It is the old Army game of hurry up and wait.

    If the Beltway politicians aren't really trying to solve this crisis as quickly as they could, what are they trying to do?
    Continued

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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  2. #2  
    Senior Member tacitus's Avatar
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    If you cut taxes tomorrow, people would have more money in their next paycheck, and it would probably be spent by the time they got that paycheck, through increased credit card purchases beforehand.
    That would be the sensible approach to stimulating the economy, but we are talking about our elected officials that can't fathom that word. Besides the term 'tax cut' isn't in their lexicon, and if it were they are afraid that the American voter would get mad when the 'tax cuts' were suspended.
    "If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals




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  3. #3  
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    The government could tell employers that they would not have to collect SS taxes from their employees for a week. This would inject a great deal of money into the economy in a short period of time and would be a shot in the arm to business's.

    A shot in the arm to the stock market would be to adopt what Canada has done starting the first of the year. Capital gains on stocks, mutual funds, etc are exempt from taxation. The limit would be $5,000. So say you invested $5k for your kids education and left it in there for 15 years. Depending on the market, that amount should multiply many times over and it would not be taxable. Or you could take profits in 6 months if the market went up and start over with another 5 grand.

    These type of programs will never be initiated because the ignoramus's in DC have to micro-manage a stimulus package to justify their self importance and stupidity.
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  4. #4  
    HR Corporate Scum patriot45's Avatar
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    Quote Originally Posted by lacarnut View Post
    The government could tell employers that they would not have to collect SS taxes from their employees for a week. This would inject a great deal of money into the economy in a short period of time and would be a shot in the arm to business's.

    A shot in the arm to the stock market would be to adopt what Canada has done starting the first of the year. Capital gains on stocks, mutual funds, etc are exempt from taxation. The limit would be $5,000. So say you invested $5k for your kids education and left it in there for 15 years. Depending on the market, that amount should multiply many times over and it would not be taxable. Or you could take profits in 6 months if the market went up and start over with another 5 grand.

    These type of programs will never be initiated because the ignoramus's in DC have to micro-manage a stimulus package to justify their self importance and stupidity.
    C'mon, kick it up a notch! 6 Month tax holiday, would that spark the economy or what!

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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    Quote Originally Posted by patriot45 View Post
    C'mon, kick it up a notch! 6 Month tax holiday, would that spark the economy or what!
    That would certainly shit kick the economy into high gear. All the money they will give to fat cat bankers and slackers are not going to have much affect on the economy in the short term.
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  6. #6  
    HR Corporate Scum patriot45's Avatar
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    Yeah, so far they are not loaning! Let us spend our money the way WE see fit! Amen!

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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  7. #7  
    Sin City Moderator RobJohnson's Avatar
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    Quote Originally Posted by patriot45 View Post
    Yeah, so far they are not loaning! Let us spend our money the way WE see fit! Amen!
    I am seeing several major pojects put on hold because the banks put a freeze on lending..

    I know others that it took monhs and months to get a new construction loan.These are people with great credit, great jobs and great down payments. They would get be approved and the bank would back out before close.

    It's tough.
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