Posted on 10/11/2009 2:44:51 PM PDT by Son House
Businessman Steve Wynn, Chairman and CEO of Wynn Resorts, agreed the most powerful tool the government has is its tax policy.
"The priorities of the administration should have been more directly focused on job creation from the day of the inauguration forward. That's the thing that changes America," Wynn said.
"If the government had used its power to restrain its tax collection, they would have given everybody who runs small businesses, large businesses, a chance to hire more people," he added.
Wynn claimed, "Government has never increased the standard of living of one single human being in civilization's history."
Republican Gov. Mitch Daniels of Indiana, pointed to his experience of erasing the deficit and creating jobs without raising taxes.
"We're in the middle of the biggest road-building, infrastructure- building, project in state history. We did it without a penny of taxes or borrowing," Daniels told FOX News Sunday.
Top economist Mark Zandi claims the stimulus is working because of the benefits and tax cuts provided to individuals and businesses.
"Of the $787 billion stimulus package, $300 billion of that was tax cuts to individuals and to businesses, Cash for Clunkers, tax credits for home purchases," Zandi said. "Almost every state governor would say that they've been helped by the stimulus quite significantly. They'd be cutting even more aggressively if not for that."
Zandi, who helped Congressional Democrats write the first stimulus, alluded to a possible second stimulus, but favors extending specific aspects of the current plan.
"I think the housing market could also use some more help through an extension of the first-time home buyer tax credit into next year to try to keep this recent stability in housing values permanent," Zandi suggested.
Although according to Zandi, the recession is over.
(Excerpt) Read more at fns.blogs.foxnews.com ...
Economic Round table 1 and 2 can be viewed here;
http://www.foxnews.com/video/index.html
I’m wondering how that Wynn is liking that change?????
Heh. Heh heh. Heh.
Almost every bit of the stimulus $$$ we received in Columbus, Ohio (Franklin County) went to 3 areas: Pell grants and OSU research, extension of unemployment benefits, and Section 8 housing.
Try again in 3 years, if any of us are still alive.
Life has become gayer, comrades.
Life has become more joyous!
Joseph Stalin commenting on the end of the purgers and the early 30s terror famine (both of which killed several several million).
That FOXNews Video is linked at post #2
Bull$**t.
This is where the stimulus $$ has gone. Its naked income redistribution.
http://www.youtube.com/watch?v=YfGLB8LO1aM
Wynn never gave a penny to Obama. He did donate to McCain’s campaign.
Top economist Mark Zandi claims the stimulus is working
^
Wynn “The economist have had their moment”
Now I know what he meant, another FOXNEWS;
Top Economist Says Unemployment Could Peak at 10.5 Percent
Zandi, one of the foremost economists cited by the Obama administration and Congress during the push for the $787 billion economic stimulus package in February
Which is the problem in a nutshell:
1) Pell grants and OSU research - payback to libtard college students and libtard university professorsI would be shocked if there there were a single worthwhile growth-enhancing project being funded in any of what you listed.2) extension of unemployment benefits - payback to welfare cheats to continue sitting around on their lazy posteriors
3) Section 8 housing - see 2) above.
Just massive wealth transfers from tax-paying citizens [GOP] to tax-consuming leeches [DEM].
Republicans are Statism Lite, they don't care.
(maybe) Steve Wynn should be Sarah Palin's financial advisor for 2012.
Those charts are linked at this article;
January 29, 2007
Ten Myths About the Bush Tax Cuts
http://www.heritage.org/research/taxes/bg2001.cfm
Conclusion
The 110th Congress will be serving when the first of 77 million baby boomers receive their first Social Security checks in 2008. The subsequent avalanche of Social Security, Medicare, and Medicaid costs for these baby boomers will be the greatest economic challenge of this era.
This should be the budgetary focus of the 110th Congress rather than repealing Bush tax cuts or allowing them to expire.
Repealing the tax cuts would not significantly increase revenues.
It would, however, decrease investment, reduce work incentives, stifle entrepreneurialism, and reduce economic growth.
If he keeps thinking and talking like that I’ll make sure any future trips to Vegas will be lodged in Wynn properties.
Thanks for the ping. I’d like to see again.
Yep, thought it was good too see, I didn’t see it earlier, but that Sunday Morning Talk Show Thread can be a good resource, even if the guest list is slanted to favor electing Democrat
I also like that that brought up the Detroit welfare line, Republicans should use Obama tactics on him being it’s directly related to his Stimulus bill lacking real stimulus;
ØBama “I want you to argue with them and get in their face”
Steven Wynn was on fire - absolutely on fire. Plus, he threw in a teleprompter joke as well.
What a load of crap... “jobless recovery”.
That’s like calling it a “recoveryless recovery”.
Really - I mean just damn.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.