Worse than a Depression

CountryBoy said:
Thanks for the link alevin. Good plan on protecting those inlets and waterways from the oil, however the Gov't will not move quick enough to protect these areas, even if they have even thought of it.


Scary news on the economy. :worried:
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You're probably right CB. Too much red tape and too many lawyers foaming at the mouth.

Thanks for the link alevin. Scary it is.
 
EmoDx said:
I think the one thing that will come out of these next couple of years will be a true American leader who defies party politics and does the right thing for the country each and every time.
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We can only hope and pray...
 
I am not one to stick my nose into politics discussions often. Much like religion, everyone has their own reality that they are comfortable with. I am clearly an independent when it comes to voting. The best candidate gets my vote.

With that said there is one truth to the links that were posted above. America can not continue national politics the way it has done in the past 8 years. Being in the military I come into contact with people from all walks and talks of America. A lot of people aren't happy with the current administration. But even more so, many are at the point of being outraged at party politics.

I think the one thing that will come out of these next couple of years will be a true American leader who defies party politics and does the right thing for the country each and every time.

O.k., thanks for letting me have the soap-box for a minute... You can have it back now.

- Emo
 
alevin said:
Steady, that's quite the story you got going, but you might want to slow it down a little. think about it. :blink:
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Yeah, you're right (as usual) :embarrest: - and I appreciate it.

Oooh Alevie, it's not them in particular it's politicians in general.



I actually feel the same about the priests who would use that kind of position and title -- to do the most 'un godly things'... I mean they couldn't possibly more destroy what GOD represents.

So in my thinking the Politicians are like the ultimate positions and should represent the highest status imaginable...

....that's why I get so carried away -- because their whole purpose and everything they do is meant to be 'For the PEOPLE' and not for themselves.

So I'll let it go -- and hope I don't get burned for this.

Alevie, I hope the clouds part and the sun shines and everything is just right.

Have a great weekend.
 
Steady, that's quite the story you got going, but you might want to slow it down a little. think about it. :blink:
 
this addresses the small business concern. I gathered it was to circumvent stingy bank lending. From what I had read it would take funds from leftover TARP.
As you can see, it is already passed by the house, and is now stuck in the senate, where the focus will be on how to kill or delay it, hoping to derail recovery for political gain.

http://www.msnbc.msn.com/id/37332624/ns/business-small_business/

Something to bear in mind... If I was a still a small business owner and in need of a "stimulus" I'd be more pissed about this than I am now.
http://news.firedoglake.com/2010/02/23/house-has-passed-290-bills-which-have-stalled-in-the-senate/
 
I agree, if the Gov't lowers taxes to business when/if the Fair tax is implemented? They pay so many taxes, it's not just the FEDs that get a cut, the State , County and City get theirs to.
 
alevin said:
One of the big arguments in favor of the Fair Tax (in lieu of income tax), is that it would lower our business taxes to the point where businesses (and jobs) would come home to the US, due to becoming more favorable business environment than Europe, elsewhere. I thought that was (is) a major point in favor of Fair Tax, myself.
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That is correct. It would be really hard to implement it here, however, it would be re-vamping the entire tax system. I also support it, but don't see it coming.
 
Silverbird said:
Tax cuts for small business didn't sell earlier, either. Individuals got them but not their employers. So it's not just Obama on that one, we've been saying this for years, cost per employee is high here due to taxes and medical insurance. If our business taxes were compatible and if our medical costs weren't paid for by businesses and didn't keep rising at double digit levels, our cost per employee would be compatible to most developed nations. Don't get me started on our on again off again R and D tax credit - most countries don't even tax R&D anymore.

Oh, some business did get tax breaks. Petroleum for instance. Look where that got us....makes it nearly impossible to sell tax breaks for any industry, much the less businesses as a whole. Ditto for big U.S. companies moving their manufacturing overseas,overseas they paid lower taxes, see above, but to U.S. consumers it looks like a cop-out.

Most people think businesses are led by evil execs (who do make more money than in other countries, which feeds this belief) or at least cost cutters who don't care about their products as long as they make money. Tax breaks for businesses will not get you elected. Sad that, we need jobs.
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One of the big arguments in favor of the Fair Tax (in lieu of income tax), is that it would lower our business taxes to the point where businesses (and jobs) would come home to the US, due to becoming more favorable business environment than Europe, elsewhere. I thought that was (is) a major point in favor of Fair Tax, myself.
 
Tax cut during a financial crisis? It should have been done while were were prospering. It could have changed the dynamic of flat wages and borrowing off one's house just to get by. It's not like this should have been a surprise, how long has outsourcing been going on? January 2009, the barn door was already open and a lot of business already gone. Two years ago was right when the false economy was starting to show signs of having no clothes. Late 90's would have been a better time.
 
Should have CUT TAXES for small business 2 years ago or Jan 2009! The Republicans wanted it but you know who didn't, I wonder why? What's wrong with those people, no business NO JOBS, NO ECONOMY?:cool:
 
Tax cuts for small business didn't sell earlier, either. Individuals got them but not their employers. So it's not just Obama on that one, we've been saying this for years, cost per employee is high here due to taxes and medical insurance. If our business taxes were compatible and if our medical costs weren't paid for by businesses and didn't keep rising at double digit levels, our cost per employee would be compatible to most developed nations. Don't get me started on our on again off again R and D tax credit - most countries don't even tax R&D anymore.

Oh, some business did get tax breaks. Petroleum for instance. Look where that got us....makes it nearly impossible to sell tax breaks for any industry, much the less businesses as a whole. Ditto for big U.S. companies moving their manufacturing overseas,overseas they paid lower taxes, see above, but to U.S. consumers it looks like a cop-out.

Most people think businesses are led by evil execs (who do make more money than in other countries, which feeds this belief) or at least cost cutters who don't care about their products as long as they make money. Tax breaks for businesses will not get you elected. Sad that, we need jobs.
 
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We need tax cuts for small business so they can hire - instead of this Obama program of more unnecessary spending and increased taxes. He is going to get blowed out come November if he doesn't stop being a populist idealog and start using some common sense. His policies are making the economy worse and people are suffering as a result - boy do I miss Bush.
 
Depression was his words not mine, but I don't think we are out of the woods yet and the can they keep kicking down the road is gettting bigger. :worried:

I don't thnk our politicians have any intention of heading it off either, whether by design, greed, lack of fortitude or just downright stupidity.

The few pols that may be worth more than a bucket of warm spit are overwhelmed by the ones that are totally worthless, except for when it comes to lining their own pockets. :suspicious:

And todays job report was bad news. It was mostly temp census workers and we can't get this economy back inot gear by growing the government payrolls.:blink:
 
The difference between a deep economic recession cycle and a depression is a state of mind.

Belief that tomorrow, next month, next year, etc. will be worse than today.

Are we there yet?

Hope:cheesy:

Change:o
 
Maybe worse than a depression but not worse than the Great Depression. Unless BP's (_*(_)809 spill fiasco gets out of control to the extent it turns into a marine version of the Dust Bowl (turning the corner up the East Coast or the equivalent S or W).
 
I've been reading that prognosis for the past couple years-about U.S. fiscal management and consequences. The European part of the equation started showing up on personal radar in the past 2-3 months.
 
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