Re: ----- Obama Wins ------

Originally Posted by
Salty

Originally Posted by
pacfan
Am I supposed to congratulate him or something? Mr. Obama will be picking up a lot of mess left by his predecessor. The economic situation looks real bad and nobody knows exactly where it is headed toward; the situation looks as cloudy as it can be. Make no mistake about it, folks, the US will be really feeling the effects the economic turmoil in the coming months.
...and did I hear him say he's gonna tax someone? jeez, that's bad because you don't do that in times of recession, but instead, you encourage the consumers and the producers (the business folks) to increase their activities, never discourage them with a tax during hard times...
They should never have had the tax breaks that they have had in the first place. Mr Bush financed the tax cuts to the wealthy by issuing government bonds and running the country into a huge deficit. This will just help correct the situation, sure the economy needs expansionary policy in times of depression. But expansionary policy didn't stop it from going into one, both fiscal and monetary policy in America seems to be going fucking sideways. Drastic things need to happen in the country, not to mention the fed reserve needs to build some credibility and some public agenda's to keep the confidence levels from plunging.
No argument there, Salty, it's just a matter of timing - when things overheat, tax 'em, but when they go bad, spare 'em. That's how it should be.
Once in awhile, get outside in fresh air, take a deep breath & with a deep sigh, let out all the things that's bottled up inside you & be free, & you'll get a glimpse of nirvana.
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