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

To: TimF who wrote (578384)	8/7/2010 4:02:14 PM
From: tejek	Read Replies (2) \| Respond to of 1572953

Meanwhile, the Republican Party defends massive tax breaks for the wealthy No, they oppose massive increases in taxes for the wealthy. Even when those tax cuts were only supposed to be temporary and affords the rich the lowest tax rates in 50 years? I will neve understand why you care about the rich so much. while blocking aid to the unemployed While blocking such spending if they money isn't found by some other means than additional borrowing (spending unused TARP funds rather then leaving them as a slush fund for whatever the FED wants to spend them on, cutting spending somewhere else etc.) Why? Why fiscally responsible now when it comes to the unemployed but not when it comes to fighting senseless wars? Why the damn hypocrisy, Fowler? So Jay's portrayal of the situation is distorted at best. But even assuming it was right, its not like the policy combination doesn't make sense. Higher marginal tax rates discourage work and investment. Extended long term unemployment benefits (in the neighborhood of 99 weeks) also discourages work. Having unemployment benefits, at least in severe downturns, makes some sense as a stimulus effort. But extending them for long periods of time, decreases employment, production, and wealth creation even before considering the costs of paying for them. American corps. are not hiring. Some are claiming they are delaying hiring and overworking their current staff in order to punish the Obama administration for encouraging legislation that helps the average American. Why do you think corps are not hiring this late in the recession?