AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
I completely agree with that..
Interesting, as a business owner your business isn't affected by people having more spendable income? You believe the govt. grows revenue by restricting economic activity? Another interesting comment. From 2004-2006 the Republicans controlled the entire Congress and govt. revenue grew and even set a record in 2007 for tax revenue with the Bush tax cuts. How do you explain it? It does seem that economic activity isn't something you understand.upsideguy;1062103096]Again, you are obfuscating. But, if you must, the government deciding to forgo revenue by giving a tax cut, while not an expense, is a reduction of revenue, which has the exact same effect. BTW, as I business owner, I do not have a paycheck.
He has had over 4 years. If you generated the kind of results Obama has generated you would be bankrupt and yet you give him a pass. The economic numbers are a disaster, not one of his predictions on the economy have been accurate and yet it is still Bush's fault? Is that how you operate in your business, blaming someone else for your own failures?We are continuing this because you want us to believe it is Obama that has wrecked the economy and I am telling you he hasn't. He has failed to fix it; the economy was wrecked by the failed policies of the previous administration. Once again, you obfuscate because you can not defend.
Why blame Bush? Obama had total control of the Congress his first term and could have shown leadership but didn't. He kept the Bush tax cuts but then followed that by implementing a stimulus program that only stimulated rewarding of states with bad behavior. You want badly to blame Bush but ignore the failed leadership of Obama. Leaders play the hand they are dealt. Obama said he had the answers and yet Obama has failed but it is Bush's fault?And again, you obfuscate..... I am asking you to tell us why we should not blame GW Bush for starting with essentially a balanced budget and delivering extremely large deficits. I know why you must obfuscate, because this is an argument you can not win. Bush screwed up big time and now we are dealing with the consequences of his failed policies. Its time to live in the real world. The truth will set you free.
the truth is nothing Obama has done has benefited the economy and nothing Obama does is ever going to change your mind regarding his lack of leadership skills. Obama poll numbers are dropping rapidly, he continues to campaign for a job that he already has, he demonizes private business and individual wealth creation which will do nothing to grow the private sector economy. Why would any business person invest in their business under Obamanomics?
Oh, well, why bother. Economic results don't matter to you especially those today four years after the end of the recession. Guess you are in that 40% of the public that still supports him?
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911