Bush Exploring Economic Stimulus Package

Associated Press ^ | Thursday January 3, 2008 | Deb Riechmann

[Mase]

....funded with real budget cuts!

or

....paid for with the old charge card!!

A cut in capital gains taxes would have to be funded with budget cuts or paid by a charge card? Is it better for me to have more of my money or should it go to a government that refuses to control their spending? Which is more likely to stimulate the economy?

[ilgipper]

Weird, I am not sure what the President does to cause oil price increases. The economy has grown throughout his entire term once his tax cuts helped us grow out of a recession. Besides the illegal immigration comment, which is quite valid, I am not quite sure why you are directing blame to this president.

[Toddsterpatriot]

Less government interference in trade is a strange way to institute economic central planning. I wonder if she’s blond to go along with stupid?

[org.whodat]

Blame !

All I posted was historical fact. You can like them are not.

[groanup]

institute economic central planning thus institutionalizing the "free trade"

Free trade you equate with central planning? What do you equate free markets with, Proletariat?

[the invisib1e hand]

dude, you really should cut down on the tin foil.

[hedgetrimmer]

The recession of 2001 never ended, and all the central planning that has been implemented by the "free traders" has only plunged the domestic economy into deeper trouble. Like communism, centrally planned economies NEVER WORK.

Bush vows to win war against recession (2003) Tucked into President Bush's first State of the Union address last night, nearly lost in the talk of war and terrorism, were words Connie Correll had been waiting to hear.

"Investment" and "free trade."

Dry as they may seem, those words represented new policies Correll, executive vice president of the high-tech trade group TechNet, has been seeking for months.

Bush called on Congress last night to give him greater authority to negotiate free-trade agreements. And he pushed for passage of his economic stimulus plan, part of which would allow companies to write off a higher percentage of the money they invest in new equipment. After a year of weak sales, the Silicon Valley companies TechNet represents badly need their customers to start buying again.

[Toddsterpatriot]

That dude is a chick.

[dufekin]

It’s only politic to consider drilling on 3 per cent of American soil, the overwhelming majority of which is already saturated with oil wells or bereft of oil resources. Drill into a vast oil reserve under the frozen tundra? That’s terminally impolitic and increasingly so. Think about the alleged damage to the mating habits of the highly endangered common biting mosquito cloud. And then there’s global warming.

I propose a 45% across-the-board flat income tax with no exemptions, adjustments, deductions, credits, or other reductions. Such tax would displace both payroll and income taxes. Okay, perhaps we might allow some common deductions, allowing perhaps $10,000 tax-free earned income, $10,000 tax-free investment income, and $25,000 tax-free entrepreneurial income per person so as not to hurt the poor. No loopholes—the system works because it’s simple and predictable, not because it’s cheap and corrupt. If Congress balances the federal budget and pays back one-tenth of the debt, then we can lower the rate, further stimulating the economy. If the Congress spends more money than revenues flow into the treasury, then the rate increases automatically.

[evaporation-plus]

Is it better for me to have more of my money or should it go to a government that refuses to control their spending?

So your in favor of the charge card!!

I guess it's still way too early in the game to think outside the box!!

wash-rinse-repeat, wash-rinse-repeat.........

[the invisib1e hand]

didn’t Aerosmith have a song something like that?

[hedgetrimmer]

Weird, I am not sure what the President does to cause oil price increases

It does if you allow a vertical monopoly via oil cartel to operate. It does if your 'investment partners' are countries like UAE and Saudi Arabia.

[Toddsterpatriot]

Yeah. So did Austin Powers.

[Perdogg]

No he’s handing the GOP an issue to run on since they don’t a freaking clue that free markets and low taxes win elections, not this Pat Buchanist neo-mercantilistic garbage.

[hedgetrimmer]

Bush said “free trade” would end the recession in 2003. Apparently it didn’t.

[hedgetrimmer]

Tax cuts aren’t going to help the domestic economy... we have too many foreign corporations and governments looting it now, and tax cuts won’t stop them.

[maui_hawaii]

Ha! What are you? Snowed in or something? LOL!

I know what you mean.

Hawaii is definitely an interesting place.

I am actually not in Hawaii now... I am in another tropical desitination far far away. None of it compares to Hawaii though.

[italianquaker]

Maybe its me but my portfolio and home have skyrocketed.
Fortunately I dont feel the pain so I guess Go Dubya for my family

[hedgetrimmer]

Maybe its me but my portfolio and home have skyrocketed.

Invested in China?

[jiggyboy]

Two weeks ago I had already reserved a spot for it, I was off by a week though...