Bill Maher on the Super Rich?!!

The Bush tax cuts have been in effect for over a decade.

Where's the prosperity?

Where are the jobs?
 
The benefits of the Jobs and Growth Act will also go to investors.


The top capital gains tax rate will be reduced by 25 percent, which will encourage more investment and risk-taking, and that will help in job creation.


The bill also allows for dividend income to be taxed at a lower rate.


This will encourage more companies to pay dividends, which, in itself, will not only be good for investors, but will be a corporate reform measure.


It's hard to pay dividends unless you've actually got cash flow.


The days when people could say, invest with me because the sky's the limit, will be changed by dividend policy.


It's hard to promote the sky being the limit and pay dividends unless you're actually profitable and have cash flow.


Getting -- reducing the tax rate on dividends will also increase the wealth effect around America and will help our markets.


George W. Bush


http://georgewbush-whitehouse.archives.gov/news/releases/2003/05/20030528-9.html

Where's the prosperity?


Where are the jobs?
 
"We’ve got a bunch of other members of Congress who are here, as well as activists and economists and business leaders and people who generally recognize that at this critical juncture, we’ve got to think about what’s best to grow the economy and what’s best to put people back to work.


We are here with some good news for the American people this holiday season.


By a wide bipartisan margin, both Houses of Congress have now passed a package of tax relief that will protect the middle class, that will grow our economy, and will create jobs for the American people."



http://www.whitehouse.gov/the-press...-president-signing-middle-class-tax-cuts-bill


Where are the jobs?
 
Yurt said:
is that why you've been criticizing obama for his huge deficit spending?
Click to expand...

I refer you to Keynesian economics and the concept of the business cycle. During a recession or possibly a depression you need to spend to ameliorate the worst effects. As Keynes himself said, " The long run is a misleading guide to current affairs. In the long run we are all dead". After recovery you then need to reduce deficits.

The background of this statement is found in the Great Depression, the Roosevelt New Deal for the implementation of government intervention in the economy's period. Classical economics that the market mechanism is a panacea, will be on economic well-being of its own self-regulation, therefore the culmination of recession depression economic cycle, this law is a natural recovery. That is, the long term, the market correction will be through their own strength, when the bubble will burst hot, too cold, when on their own recovery, and therefore do not need outside interference. But Keynes, although the term will automatically adjust the economy, but people suffering loss, difficulty is in sight thing. Without full employment, effective demand is insufficient, relying on the power of government to implement the proactive fiscal policy to stimulate the economy, promote consumption and thus help the economy in the short term quick out of the woods. That is, the implementation of the New Deal for government intervention to help the economy out of recession, it is very necessary. The above is my understanding. Keynes in "Employment, Interest and Money" published a few years ago of the original words is to say: "The current long-term is misleading. In the long run we are all dead. If the storm of the season, they (the neo-classical school) can only tell us that the storm will be over in the long term, sea will calm, then the task of economists to their own but not too easy to use.
 
tom prendergast said:
Reducing the deficits would certainly help in creating new jobs. The interest payments alone must be a huge disincentive to recovery.

http://money.cnn.com/2009/11/19/news/economy/debt_interest/index.htm
Click to expand...

tom prendergast said:
I refer you to Keynesian economics and the concept of the business cycle. During a recession or possibly a depression you need to spend to ameliorate the worst effects. As Keynes himself said, " The long run is a misleading guide to current affairs. In the long run we are all dead". After recovery you then need to reduce deficits.

The background of this statement is found in the Great Depression, the Roosevelt New Deal for the implementation of government intervention in the economy's period. Classical economics that the market mechanism is a panacea, will be on economic well-being of its own self-regulation, therefore the culmination of recession depression economic cycle, this law is a natural recovery. That is, the long term, the market correction will be through their own strength, when the bubble will burst hot, too cold, when on their own recovery, and therefore do not need outside interference. But Keynes, although the term will automatically adjust the economy, but people suffering loss, difficulty is in sight thing. Without full employment, effective demand is insufficient, relying on the power of government to implement the proactive fiscal policy to stimulate the economy, promote consumption and thus help the economy in the short term quick out of the woods. That is, the implementation of the New Deal for government intervention to help the economy out of recession, it is very necessary. The above is my understanding. Keynes in "Employment, Interest and Money" published a few years ago of the original words is to say: "The current long-term is misleading. In the long run we are all dead. If the storm of the season, they (the neo-classical school) can only tell us that the storm will be over in the long term, sea will calm, then the task of economists to their own but not too easy to use.
Click to expand...

nice tom. you've gone from criticizing deficit spending, to now embracing it. i guess it depends on the president's political party with you. because when the president is an (R) deficit spending is bad and doesn't help with jobs, but -- when the president is a (D), deficit spending creates jobs.
 
Yurt said:
nice tom. you've gone from criticizing deficit spending, to now embracing it. i guess it depends on the president's political party with you. because when the president is an (R) deficit spending is bad and doesn't help with jobs, but -- when the president is a (D), deficit spending creates jobs.
Click to expand...

As always you fail to see the point about Keynesian economics, deficit spending has its place when the economy is down the crapper, afterwards when the economy is fully on its way to full recovery that is the time to consider paying down the deficits. Laissez Faire Economics belongs rightly to a past era.
 
Aoxomoxoa said:
As always you fail to see the point about Keynesian economics, deficit spending has its place when the economy is down the crapper, afterwards when the economy is fully on its way to full recovery that is the time to consider paying down the deficits. Laissez Faire Economics belongs rightly to a past era.
Click to expand...

In Yurtworld, there is a cookie cutter for every situation....
 
Aoxomoxoa said:
As always you fail to see the point about Keynesian economics, deficit spending has its place when the economy is down the crapper, afterwards when the economy is fully on its way to full recovery that is the time to consider paying down the deficits. Laissez Faire Economics belongs rightly to a past era.
Click to expand...

no, i called you out correctly. bush deficit spending = bad. obama deficit spending = good.

got it.
 
You must log in or register to reply here.
Back
Top