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REAL gop debate: has the gop lost touch with reality?
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<blockquote data-quote="804brown" data-source="post: 906667" data-attributes="member: 29553"><p>Tax rates have never been lower and after de regulation for the past 30 yrs, regulations on businesses are lower than ever. What else does the private sector need. I mean Obama agreed to continuing Bush's tax cuts on the well off,etc . How much did that help?? It is obvious tax cuts dont work to stimulate an economy. This economic turn down is going to take a very long time to recover from. We have lost millions of jobs which might take another 10 yrs just to get back to where we were in Dec 2007!! It is the obligation of GOVERNMENT to be the spender of last resort. Corporate america is still sitting on trillions in profits but none is TRICKLING down. Cutting any short term spending only lengthens this economic weakness. Companies do not just invest and hire people out of nowhere. It is us , the consumers, who create the jobs when we open our wallets. <strong> A business will not invest without enough demand to cause it to order more goods or hire more people!! </strong> But supply siders still want to sell this falacy that businesses do it on their own. And when you insist on more CUTS you are throwing more people out of work who will no longer be able to consume to stimulate the economy. It is a vicious cycle but some people just dont get it!!</p></blockquote><p></p>
[QUOTE="804brown, post: 906667, member: 29553"] Tax rates have never been lower and after de regulation for the past 30 yrs, regulations on businesses are lower than ever. What else does the private sector need. I mean Obama agreed to continuing Bush's tax cuts on the well off,etc . How much did that help?? It is obvious tax cuts dont work to stimulate an economy. This economic turn down is going to take a very long time to recover from. We have lost millions of jobs which might take another 10 yrs just to get back to where we were in Dec 2007!! It is the obligation of GOVERNMENT to be the spender of last resort. Corporate america is still sitting on trillions in profits but none is TRICKLING down. Cutting any short term spending only lengthens this economic weakness. Companies do not just invest and hire people out of nowhere. It is us , the consumers, who create the jobs when we open our wallets. [B] A business will not invest without enough demand to cause it to order more goods or hire more people!! [/B] But supply siders still want to sell this falacy that businesses do it on their own. And when you insist on more CUTS you are throwing more people out of work who will no longer be able to consume to stimulate the economy. It is a vicious cycle but some people just dont get it!! [/QUOTE]
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REAL gop debate: has the gop lost touch with reality?
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