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Tue 14 Jan, 2003 07:16 pm
As Reagan would say here we go again. K-Mart is closing 326 stores and laying off approximately 35,000 people. It is almost a daily ritual with the announcement of massive layoffs. President Bush on the other hand continues to claim the economy is strong, not as strong as it could be but strong nonetheless. He has however presented a package which he contends will stimulate the economy and create jobs. Over half of the package $367 billion will come by removing the tax on dividends. What do you think of the package will it stimulate the economy ? In addition if the economy remains sluggish what are Bush's chances for re-election?
Stimulus for Lawyers
By PAUL KRUGMAN
My colleagues on the editorial page dubbed the Bush administration's proposal to eliminate taxes on corporate dividends "The Charles Schwab Tax Cut." Indeed, the idea seems to have originated in remarks Mr. Schwab made last summer in Waco. But a closer look suggests that it should actually be called the "Tax Complication Act of 2003": it will do little if anything to create jobs in the economy as a whole, but will be a bonanza for tax lawyers and accountants.
http://www.nytimes.com/2003/01/14/opinion/14KRUG.html
Yeah, it'll stimulate the top ten percent of the wealthy in this country, but will do nothing for our economy. Money must be put into the hands of the middle class and the poor for our economy to be stimulated. The best way to accomplish that is to cut everybody's taxes by ten percent effective January 1, 2003. That'll pump about a half trillion dollars into our economy. c.i.
Jan 14, 2003 6:16 pm Post: 70976
Not yet.
People are sittng to enliven the economy.
Let us strive hard to get our soup.
Blueflame
We all are in a pathetic state..
But we should expose the hypocracy.
Rama
Ramafuchs wrote:Let us strive hard to get our soup.
We can't find the "line".
American line is out of International line Miller.
blueflame, On Katrina, Bush made a speech on Jackson Square, at night, to announce he was setting up the biggest reconstruction project the US has ever seen to rebuild New Orleans, and after 2.5 years, many have not moved back. Promises by Bush usually ends up empty; but the biggest lie is his "support our troops" rhetoric that upsets me to no end; he cut veteran's benefits and services while he announced not long ago that if he were young enough, he'd serve in Iraq. The guy is sick in the head.
After this stimulation
do infants enjoy infancy as much as adult enjoy adultery?
How to simulate the life without regret?
I wish to have a Dream and wish to change without corporate support..
i consume a little No bread, no lunch not even a nice dinner)
and smoke DUNHILL
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