View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sdgla who wrote (93139)	11/2/2008 11:48:23 PM
From: cnyndwllr	Read Replies (3) of 541374

I'm interested in reading what BO is right on.... please elaborate. Domestic issues. He's right about the economy. The McCain/Republican mantra that you can stimulate the economy and raise all ships by continuing to shower wealth on those who employ the rest of us has a place and a time. That place and time, however, are not where and when the bottleneck to economic growth is demand rather than production capacity. Even when the tax cuts that were supposed to create more wealth for "investment in job creation" were initiated, we had excess manufacturing capacity that was huge. When there is excess production capacity no one wants to add to the excess by building more factories or employing more workers. Bush partially offset that by creating a huge defense industry demand with the war in Iraq but that's only a temporary fix and that money is not investment money, it's down the drain money. Obama and his advisors understand that the primary problem with the economy is that there is inadequate demand. That means that you have to give a boost on the demand side of the economic equation. You can do that through federal tax cuts for the average family who will, unlike the average wealthy family, have needs that will require that money to be put into circulation pulling down inventories and stimulating profits and jobs. They also understand that we need to create new construction and new industries that will encourage the flow of spending into areas that provide long term economic and other societal benefits. That means creating incentives and allocating spending for infrastructure, stem cell research, alternative energy technologies and products, education, etc. So the McCain "cut taxes and create jobs" mantra is right for some times but wrong for now. And Obama is right. Cont'd next post with a look at what's wrong with corporate American and how McCain and Obama differ. Ed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next