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I_am_Tosk I_am_Tosk is offline
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First recorded activity by BoatBanter: Feb 2011
Posts: 1,312
Default the success of the bush tax cuts

In article ,
says...

On Tue, 14 Jun 2011 01:05:46 -0400,
wrote:

On Mon, 13 Jun 2011 20:04:44 -0400, wf3h wrote:

On Mon, 13 Jun 2011 19:33:44 -0400,
wrote:


That would encourage more long term investment.
I think I would but an extra tax on any financial instrument that was
kept less than a month to make flash trading less attractive.

let's get one thing straight

we dont need more INVESTMENT

we need more CONSUMPTION.

although investment is a form of consumption, ONLY MIDDLE CLASS
CONSUMPTION can pull us out of the depression

and wall street is NOT gonna let that happen


You can't get consumption without jobs and the only way we get that is
by expansion. It is clear the stimulus money just went into rich
people's pockets and not much actually got invested in expanded
industry. (thanks for a "no stimulus" stimulus bill)


There are plenty of stim projects underway, even if you don't believe
it or think they're working. They are working. We need more of them.


I have seen sidewalks to nowhere, and roads being rebuilt that don't
need it... One of the "shovel ready" projects added islands and pretty
plants to the middle of a road here, basically splitting the business,
all of the businesses on the far side, are going under, the gas station
is already gone...

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Team Rowdy Mouse, Banned from the Mall for life!