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

To: Jim McMannis who wrote (529890)	11/17/2009 3:38:46 PM
From: Road Walker	Read Replies (3) \| Respond to of 1574267

How do you feel about passive income be taxed at about 1/2 the rate of salaries?

To: Jim McMannis who wrote (529890)	11/17/2009 6:38:04 PM
From: RetiredNow	Read Replies (2) \| Respond to of 1574267

Now you are getting to specifics. I really hated cash for clunkers. It was ill-advised. It's like a sugar rush. More borrowing from China to give heroin to the heroin addicts. The housing breaks are a little harder to make a call on. Although I agree the housing slump was spreading economic malaise throughout the economy, I usually side with letting the market correct itself. The fact is that this country propped up the housing industry with too low rates for too long and with credit that was so easy to acquire because no one was doing their due diligence. So I don't like yet more tax breaks for home buyers, because it just feeds an insatiable beast. Let it correct is what I say. Corrections are painful, but they have the benefit of bankrupting the people who took too much risk. That leaves the rest of us who balanced risk with reward appropriately as survivors. It makes for a healthier US balance sheet over the long run. BTW, I'll give you an example I really don't like. GM bailout. Why in hell did Obama do that? They ended up in bankruptcy anyway, which is where they belonged. He just threw good money away to enrich the unions. So he made a mistake there, although I understand that what he was doing was paying off the unions for their support, just like Bush spent 8 years paying off the oil companies for their support. I wish our government didn't work that way. It's what's so wrong about our Democracy. It corrupts everything.