Replies to post #99854 on Tornado Alley (PROG)

[SoxFan]

Having the payroll tax holiday instead of the stimulus was a recipe for disaster. Since this downturn people have been savings at a much higher pace and less has been making its way for loans. What we needed was an even bigger stimulus with fewer reductions in payroll taxes - which was part of the originals stimulus.

Cut in spending - would be counter productive in a downturn. Although in the long term it must be done - but let's overhaul taxes for special interests and refocus on getting jobs back to the US. If we can't get off oil and get more green jobs it won't matter as money will continue to hemorrhage out of the US.

[wbmw]

Yes it should have been done instead of the stimulus. By now the positive economic effect of those dollars in the hands of 100 million plus workers would be evident in increased employment.

Frankly, this is getting old. No one is going to become employed if I get a portion of my tax dollars back in a rebate check.

Just because you repeat something often enough, doesn't make it true. I might as well claim that instead of the stimulus, they should have put an extra big tax on 'n4807g'. That would have saved millions of jobs.

Don't bother responding back to me until you're ready to make sense.

[SoxFan]

BTW - I case you might have forgotten close to 2/3 of the stimulus were tax cuts. See that's one of the reasons Paul Krugman has said that it will not be as effective because it was heavily weighed to tax cuts. Trickle down has been discredited by most economists.

IMO it would have been far more effective by putting the money toward even more infrastucture projects and technology investments in clean energy.