Quote:
Originally Posted by cologal
Richie....
I am really confused these tax cuts were enacted to encourage growth and create jobs. We should be able to agree, given the current situation they failed to do what they were supposed to do. What purpose do they have now? Let's forget about the last 8 years...lets just talk about the last year have these tax cuts helped to encourage growth or create jobs? I think not.
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Your point is nonsense. The fact is that job creation has plummeted on Obama's watch. Bush had the aftermath of 9/11 and the prosecution of the War on Terror and still the economy moved along with the help of the Tax Cuts with unemployment steady around 4%. Steady, meaning jobs were created because the work force is constantly expanding.
When the banks busted, due to their abandonment of of tested lending principles demanded under duress by the Democratic Banking Committee in Bush's last year, he succumbed to trying what his enemies were demanding with the TARP.
With the election of this anti-capitalist President our economy has plummeted with few businesses in their right mind expanding while our country is dismantled. The deficit has TRIPLED in 18 months under this increasingly Socialist Regime and the re-organization of our way of life in under way.
Business is pulling it's head into it's shell until this war on them is over.
Please wake up.