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Canuck57[_9_]

On 14/06/2011 3:57 AM, wf3h wrote:
On Tue, 14 Jun 2011 01:05:46 -0400, wrote:

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

the only way we get expansion is with more money going to consumers,
NOT to the richest 1%. the american right wants ONLY increases in
capital for the already rich.

and the wall street excesses of the bush years amounted to a MASSIVE
transfer of wealth from the productive middle class to the non
productive capital gains class.

and the right wants to continue this. look at what the morons said in
last night's debate....eliminate capital gains taxes on the
wealthy...that's their ONLY economic program.

it's a failure

And Obama signed the checks.
--
Government isn't the solution to the bad economy, it is the problem.