The recovery would be much larger today if Republicans hadn’t dampened the progress four years ago. That’s why McCain and Graham are starting to pivot.
According to the IMF head and many other economic professionals, had the US congress avoided creating so many financial crises, our recovery would be better than it is, some even say much better. Fiscal cliff, end of the tax break, sequestration……As long as banks can borrow money from the gov’t at lower rates than those with which they loan money TO the gov’t, jobs will remain a low priority. Why make something that costs money to make when you can simply make money off of the value of money?Other than the fact you can’t eat it, drive it, wear it, etc……Respectfully,C.
I think we should be especially hospitable to financial institutions packaging questionable mortgages. And get rid of those silly laws banning insider trading. And why have regulations on business at all — the free market will punish any meat packing company that sells tainted meat and kills people, so there’s no need for government to be involved. Yes, by all means, more hospitable to business.
News item this morning:.“The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market.”
" We have the highest business taxes in the world, "
But we have loopholes. General Electric paid zero dollars in income taxes last year. Can you say that? Do you think GE made less money than you? The published tax rate matters not when it is not ever enforced..I am the first to agree that we need tax reform. This is just one reason.
Unemployment ticked down to 7.5%. New jobs created for the second quarter averaged 196,300 per month. The market seems to like the numbers – the DOW is up 139.
“……Gypsy, if it is less expensive to do business in another country, why not do it there?….”.If every other country is a tax haven, the country eventually goes bankrupt.
ConserveGov over 10 years ago
Well put.
rpmurray over 10 years ago
Unemployment rate is also up.
ossiningaling over 10 years ago
The recovery would be much larger today if Republicans hadn’t dampened the progress four years ago. That’s why McCain and Graham are starting to pivot.
chazandru over 10 years ago
According to the IMF head and many other economic professionals, had the US congress avoided creating so many financial crises, our recovery would be better than it is, some even say much better. Fiscal cliff, end of the tax break, sequestration……As long as banks can borrow money from the gov’t at lower rates than those with which they loan money TO the gov’t, jobs will remain a low priority. Why make something that costs money to make when you can simply make money off of the value of money?Other than the fact you can’t eat it, drive it, wear it, etc……Respectfully,C.
lonecat over 10 years ago
I think we should be especially hospitable to financial institutions packaging questionable mortgages. And get rid of those silly laws banning insider trading. And why have regulations on business at all — the free market will punish any meat packing company that sells tainted meat and kills people, so there’s no need for government to be involved. Yes, by all means, more hospitable to business.
Gypsy8 over 10 years ago
News item this morning:.“The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market.”
I Play One On TV over 10 years ago
" We have the highest business taxes in the world, "
But we have loopholes. General Electric paid zero dollars in income taxes last year. Can you say that? Do you think GE made less money than you? The published tax rate matters not when it is not ever enforced..I am the first to agree that we need tax reform. This is just one reason.
Gypsy8 over 10 years ago
Unemployment ticked down to 7.5%. New jobs created for the second quarter averaged 196,300 per month. The market seems to like the numbers – the DOW is up 139.
ARodney over 10 years ago
The scandals are phony. And Obama has never praised the size of the recovery as being large. False, straw-man cartoon.
Odon Premium Member over 10 years ago
How does it compare if we go back six years…oops, don’t play selective statistics you sound like a congressman.
Gypsy8 over 10 years ago
“……Gypsy, if it is less expensive to do business in another country, why not do it there?….”.If every other country is a tax haven, the country eventually goes bankrupt.