Why would you want to impose a huge increase in taxes on the American public with the economy still in recession and unemployment hovering just below 10%?
Because that's what they were supposed to do, that's why the thax cuts were able to pass in the first place, because they weren't paid for and still aren't paid for. Extending them will only add more to the deficit. Bush's tax cuts were set to expire on Jan.1st. and that is what should happen. The experiment is over, we had 8 years of taxes were they are, and we have had one of the worst economies in our history. Who knows how things would be today if Bush would've cut spending along with the tax cuts, but he didn't, so here we aren doing the same thing over and over and expecting a different outcome. I am not convinced that letting the tax cuts expire for those making over $200 & $250,000 will make a bit of difference in the economy or for new hires. You see, corporations are making record profits in the last few years. With all the cutbacks, lay-offs and firings, guess what, these companies are still functioning and functioning at great efficiency with less personal. You see, people have tightened their belts, made sacrifices, got rid of people that shouldn't have been there in the first place(cut out the fat if you will), saved money; all the things a responsible person or company should do, right? I feel as if we are going thru a correction period if you will. We have a hang-over, but all hang-over's go away as long as you don't go back to doing the very thing that gave you the hang-over in the first place.
Let's look at the money part. Every time you turn around you here politicians, media, financial experts and talking heads saying that people aren't spending money! We need people to spend, spend, spend......wtf!!
Oh know, heaven's too Betsy! People just might be saving there money and being responsible and going back to basics. What got us in this mess in the first place? Spending and borrowing money on things we couldn't afford or pay back. What are we wanting our Government to stop doing? Spending and borrowing money. What happens when you save money for something you want? Guess what, you spend it on that item you saved for when you have the money . It's called being responsible. And in my opinion, that is what most Americans and companies are doing right now.
Let's look at the jobs. Corporations are sitting on piles of cash right now. Banks aren't lending to people that shouldn't be getting money (as it should be). So recovery is going to be slow. On top of that, we do not manufacture anything anymore, which used to be one of your biggest job creator's we had. Unless we start manufactoring more things, then we need to find different area's in the job market to put people back to work. Without manufactoring, creating jobs will be difficult and slow.
Crack down on corruption - with politicians - good luck.
Let's not just include the politicians here. To cut down on corruption, it starts with us, the American people. It starts at the local level. It starts with big business and the men and women who run those organizations. Government and big business is a direct reflection of the American people as a whole. It might not reflect you personally but as a whole, like it or not, it does.
He's done a LOT of things different than Bush, not the least of which is his promotion of the obscene level of spending that is way beyond that of the Bush years
I do not see Obama much different than Bush when it comes to spending. They both have spent money we do not have. Bush spent it on the War. Obama is spending it on health care. Obama is just adding to the deficit and not paying for it just as Bush and other's that proceeded him. Business as usual in Washington.
alienating nearly every traditional ally we have on the planet and cramming a socialized health care plan down the collective throats of the American people.
Dude, turn off FoxNews, it's hampering your ability to think for yourself.
In order for things to change in Washington, our culture as a society has to change. The hard part is trying to convince people of that.
Maybe the way I am thinking is just too simplistic, but a lot of times making the simple changes are the hardest, but give you the best returns in the long run. Patience and Wisdom is the key.