Yayaa, thanks for taking the time to reply to me. Please don't take it the wrong way that I chose to respond to your post in pieces. This is just the best way I know how to address multiple different ideas. And although we disagree, we can still be friends, ok?
Re: Eliminate ALL Capital Gains Taxes on Corps. and Individuals for a one year period.
On the upside, this would benefit anyone who has gains from capital investments (i.e. the wealthy). On the downside, the lack of revenue would add to the deficit, probably on the order of hundreds of billions of dollars, if not more. That's in the form of revenue that the government receives today from these kinds of taxes, and which it would not receive if you got rid of them.
Re: Growth and the American Spirit would pull this country out of any cyclical recession.
Consider who are losing their jobs right now: the middle class. Your idea benefits only those who are investing their money in the capital markets, and not those who are out of work. Therefore, I don't see who would be driving towards the growth that you are assuming, because the wealthy are surviving pretty well right now, and they alone have not been able to grow this economy.
Re: Keep rates at 1% or less.
Sounds like you agree with Obama and Bernanke with this one.
Re: Allow a buisness to fail, the market will weed out weakness. AKA NO BAILOUT for the UAW!
So you agree on bailing out the wealthy with another tax cut, but you would rather let the working class fail? That sounds great for the corporate executives who have their golden parachutes, but would put thousands more Americans out of work. I understand that corporations hate the worker's unions, but if they wanted to cut costs and be competitive, they could always cut executive salaries. Unfortunately, that idea usually doesn't fly with the executives, who make those decisions. They would rather get rid of the unions and cut the salaries and benefits of their factory workers.
Re: NO CAP and TRADE TAX! Ask Austrailia how that worked out for them.
I can't speak for Austrailia, but the U.S. has done taxes like this before with some success.
Re: Lets see when a company has to buy credits how does that happen? (SHHHHHHHHH Whisper= Goldman Sacks)Don't tell anyone!
I don't get it. Cap and Trade isn't at all aimed at banks, such as Goldman Sachs.
Re: Allow the UNITED STATES to drill for oil off our coastlines. This alone wouls pull Ca. out of Bankrupcy.
Well, it would surely benefit the oil companies. Not sure how CA gets paid, though.
Re: Create MILLIONS of jobs.
How would you create jobs? Obama used a stimulus bill filled with grants and work orders, from education and transportion, to energy and human services. What would you do differently?
Re: Nuclear Power Plant buildout,Millions of more jobs. Allow 6 refineries to be built across the nation on closed military bases.
This might be a good idea. Again, how would you pay for it?
Re: Screw Cash for Clunkers, lets see how auto sales are next few months
Have you seen the data on the Cash for Clunkers program? Not only did it stimulate the economy, but it ramped up production lines that were at risk of shutting down, it caused the rehiring of 1000s of workers, it was a bonus for the steel industry, as well as all the other industries making parts for cars (glass, tires, electronics, etc.), and as a bonus, it got a bunch of gas guzzlers off the road, and created jobs at the recycling factories that were responsible for decommissioning the vehicles. And it was all for $3B, quite a small amount, relative to stimulus packages in the past. Personally, I'd rather they made a string of programs like this one, and passed one after the other for as long as the recession takes to end. It would have been cheaper than most other programs coming out of Congress.
Re: BOTTOM LINE GET THE GOV'T OUT OF OUR WAY
Just curious, but what was your reaction during the Bush administration, when Congress grew the deficit and the government both at the same time?
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