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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (447764)	1/15/2009 1:17:10 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1575621

RE:"but the talk about tax cuts still confuses me" Think credits and welfare drops.

To: Tenchusatsu who wrote (447764)	1/15/2009 1:23:22 PM
From: steve harris	Respond to of 1575621

Under Obama "tax cuts", a lot of checks will be wrote to people who have no tax obligations.

To: Tenchusatsu who wrote (447764)	1/15/2009 1:34:40 PM
From: michael97123	Read Replies (1) \| Respond to of 1575621

they need to target tax cuts to people who will spend it. Lower rates do that more so than one time rebates which distort things. My idea is to send a debit card with a 60 day expiration. Use it or lose it. What i would really like to do is use it only for domestic goods but i think that would be impossible to do. In any case, what you dont seem to get is that this is not supply side america of reagan anymore. What we have is lack of demand. Its not only banks wont lend, its people wont borrow to by or even spend the cash they normally would spend. Before we can incent the supply side we MUST incent the demand side. Not easy to do and it does involve the govt bureacracy but thats not a reason to do nothing or fantasize that this is 1980 redux.

To: Tenchusatsu who wrote (447764)	1/15/2009 5:06:21 PM
From: Alighieri	Read Replies (1) \| Respond to of 1575621

I like the infrastructure projects, but the talk about tax cuts still confuses me. Is Obama going to extend the Bush tax cuts, at least for the ill-defined "middle class"? Will he cut taxes further than that? I don't think he will extend it...he will not repeal it and let is expire as scheduled...this in my view is political. It has no real stimulus effect, it is relatively small in the backdrop of the deficits we are about to incur and it avoids a fight with the reps. I think he will propose a second tax cut targeting middle incomers, just to give both sides a "bone" and put money in the hands of folks who are likely to spend it...maybe they should give folks only gift certificates good at any store. Third, and the real meat, the infrastructure projects, aimed at putting people to work and using money to do necessary work for the country. My 2cents... Al