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Posted

Look, I agree that a free market governed through effective regulations is the best way to run an economy. But you cant claim that all government involvement hurts the economy.

For instance China's government is very intertwined with the market, yet they have experienced massive economic growth over the last 20 years. Not saying I want to become China, but it is okay to look around and imitate the successes of other nations even if they dont happen to love freedom as much as we do

Take a look at how much of that growth is due to Hong Kong and get back to me on that.

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Posted

F the income for the gov't. The point is to put money in everyones pocket and in turn, back into the economy. It would be people being hired on every level, not just low income families that don't pay tax. It's engineers, doctors(those who still want to be one), trades, and executives alike. Small business makes up 54% of working Americans and lots of those people that lost their job were making 100k plus and paid plenty of tax.

Have you ever looked at the demographics of the unemployed?

They're not doctors and engineers.

The highest levels of unemployment are those that work labor jobs like construction or manufacturing. Those jobs are mostly worked by people that do not have a college degree, or in some cases, no high school diploma. Very few of these people are likely to be high income earners.

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Posted

Have you ever looked at the demographics of the unemployed?

They're not doctors and engineers.

The highest levels of unemployment are those that work labor jobs like construction or manufacturing. Those jobs are mostly worked by people that do not have a college degree, or in some cases, no high school diploma. Very few of these people are likely to be high income earners.

Maybe a majority of them are. There is still a large group of people that are working for much less money than they are used to and not using their degrees. There are people that had small business's and lost it all. As the economy grows, so will all sects of small business. Those people that are working as a bartender or waiter now can use their degree to get a job with a company that is growing, thus opening up a bartender job for someone who is more qualified. Maybe that person has some capital and wants to start their own business. America will not work without a thriving private sector, and Obama is killing it with regulation and taxation.

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Posted

People are scared to hire with Obama coming back in. If Romney wins, the economy will immediately start to rebound. Bank on it.

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Posted

Can someone help me... Obama plans on taxing wealthy more. How is he going to do that? Very wealthy people income comes from capital gains and only taxable at 15% and he's will not change that. So only upper middle class will get screwed by tax hike and not wealthy. I'm I getting that right?

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Posted

Can someone help me... Obama plans on taxing wealthy more. How is he going to do that? Very wealthy people income comes from capital gains and only taxable at 15% and he's will not change that. So only upper middle class will get screwed by tax hike and not wealthy. I'm I getting that right?

He wants to raise the capital gains tax.

Either way, I'm sure the middle class will get screwed.

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Posted

Increasing capital gain tax rate is not a good idea. Market will take a huge hit...

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Posted

Can someone help me... Obama plans on taxing wealthy more. How is he going to do that? Very wealthy people income comes from capital gains and only taxable at 15% and he's will not change that. So only upper middle class will get screwed by tax hike and not wealthy. I'm I getting that right?

This is correct.

Middle class families will take the beat down, not the big dogs.

As for the debate, it's almost like Obama was broadcasting that he does not want the job any longer.

While it's really tough to get an incumbent out of office, he was sure waving the white flag.

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Posted

Of course it won't work. It's a ridiculous tax to begin with. You pay tax on your capital, then you pay tax on your profit. GTFO The only tax he will lower is corporate b/c he's so deep with GE(who only half of their workforce is in America) and GM. It's a joke.

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Posted

It was clear that Mitt was more polished as he has been debating much of the summer....a polished turd with little substance but polished nonetheless.

Do you EVER have anything of substance to add to a conversation?

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Posted

Do you EVER have anything of substance to add to a conversation?

.

This is a tad hypocritical

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Posted

What will the media do now?

The man they have tried to fashion into the rich, elite, non caring, ill informed politician, showed up and put egg on all their faces.

All the crap they have been telling the public for the last several months was exposed as lies last evening.

On the other hand, the smartest, most caring guy in the world in Obama was exposed as the Emperor with no clothes. He also rubbed egg in their face and that is why they are so angry. They have no credibility now, and they had little to begin with.

Today, they hate Romney and Obama as both exposed them

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