Nancy's stimulus package
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Anonymous
| They should get rid of ALL deductions for home ownership. Taxpayers shouldn't be subsidizing anyone's personal choices for lifestyle. You bought an expensive house, so deal with the costs. No free tax breaks for you. |
Anonymous
I'm not sure why you think this is funny. Like I said, this is Keynesian economics. It's been around for 90 years. It's what the New Deal is all about. But it's also exactly how WW II ended the Depression, how we went from unemployment to labor shortage, and Keynes said long before WWII that war could do exactly that. Keynes was only half-believed at the time, which is why most countries were not willing to spend the huge sums needed to really end the Depression. So go study the theory and the history, then come back and critique it. Don't just laugh it off. |
Anonymous
I agree in theory, but it would disrupt the housing market and people at all incomes would probably lose equity. They should start by eliminating deductions for second homes to target the wealthy. |
Anonymous
WAT??? |
Anonymous
If you have to ask, look at the hassle Obama got for trying to pass the stimulus that the Tea Party kept reigning in and limited. There is a reason the growth over Obama's term was considered "anemic" - and then compare that to the floodgates opened by the same "fiscal conservatives' for the tax cut and now this stimulus. Fiscal conservatives in name only. Consider this... the Stimulus was 2.3 TRILLION dollars. There are 100 million eligible working adults in the US. so that should come out to $23,000 per adult or $46,000 per couple. Instead, each received $1,200. Corporations and billionaires received the rest. |
Anonymous
After WWII, the economy grew through pent up demand for more modern automobiles, housing, appliances, etc. These are all goods. Today, what do we have? An over abundance of housing, furniture, automobiles, modern appliances and electronics, etc. You say housing? Yes, housing, overall in the entire country, housing is in oversupply. If you want to live in the middle of a big city, it's not, but that choice of where to live is up to you. Everything else is in over supply. So much so, that much of it is a cheap commodity. Yeah, the newest, latest and greatest TV and iPhone really are a commodity. We've moved from goods oriented (product) to service oriented which are mostly paper pushing middlemen, actually. Plumbers and electricians do front line work, but they have ten people behind them "supporting" them with administrative tasks that really push up the price, but really don't add much. How in the hell are you going to "stabilize" automobile prices when they're extremely plentiful? So plentiful, that they're hiding them in back lots everywhere where no one can see them. I can't use the labor of a factory worker when the dealerships are full to the brim with cars. You can print dollars. Can you print chickens and chairs, tables and electricity? There'a a metric shit ton of demand destruction going on today. Your "New Deal" won't work, especially when it's really about destroying the USD by devaluing it. Pump and dump the fed with helicopter money and you'll have too many dollars chasing too few goods. That leads to inflation and kills those on fixed income, but please don't wall paper it over with politically correct terms like "stabilizing prices". It's a BS term. Don't lecture me on Keynes. Do you really think you're the only one in the world who knows about John Maynard Keynes? |
Anonymous
You really have to have forgotten about history. Let me remind you about the things we did under the Obama Administration (and the end of the Bush Administration): PDCF TSLF TAFAMLF various swap lines a temporary guarantee for money market funds various supplemental financing programs CPFF MMIFF Maiden Lane Maiden Lane II Maiden Lane III TALF direct purchases of MBS from the GSEs allowing various investment banks to become "bank holding companies" recripocal currency agreements TLGP QE QE Lite QE2 QE3 I don't endorse any of it. I'm just reminding you of ACTUAL history. |
Anonymous
Do you only act on things that are a concern now? Is that how you want to live? Crisis to crisis? I assure you, inflation is NOT low. Don't give me the massaged govt numbers with seasonal adjustments, CPI numbers that are bogus, "creative substitution", "hedonic depreciators" and other nonsense. They keep the inflation numbers artificially low (they lie) so they won't have to pay COLA adjustments. If you aren't seeing thru the smoke, you need to educate yourself a little. |
Anonymous
You forgot ARRA, which is the think PP was actually talking about and was opposed by almost all Republicans. |
Anonymous
| I will wage a campaign, Churchill-like, focused on one thing, and one thing only: raising the SALT deduction! |
Anonymous
Let the blue states keep raising taxes. Residents flee to red states and turn them blue, soon enough. |