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Thread: New Obama plans: 'spend our way out' of downturn

  1. #41
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by misterman View Post
    And tax cuts don't?



    True. But it's too late. We're in the short term now, in a crisis, and we have to think that way. I don't like it either.
    The government has too much of our money already. You act like it's the duty of the govt to spend as much as possible. You got that all wrong.
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by American View Post
    The government has too much of our money already. You act like it's the duty of the govt to spend as much as possible. You got that all wrong.
    Never said any of that. Read my post again.

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by misterman View Post
    Read my post again.
    oh, no, please, anything but that

    (just kidding)

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by misterman View Post




    Yeah, you don't give a damn about anything but yourself, even if you come out worse in the long run.

    Sure, everyone wants tax cuts. This thread is about the economy and how best to help it, not the fact that nobody likes to pay taxes. That's a given.
    And tax cuts are how best to improve the economy. That's a given.

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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by Scarecrow Akhbar View Post
    And tax cuts are how best to improve the economy. That's a given.
    No, that's wrong. Tax cuts have much less effect on short-term consumer spending than a stimulus. Tax cuts help the wealthy, who don't need to spend the money anyway. They may invest it, but we need spending right now. Tax cuts may be good in the long term (or not), but not in a crisis.

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    Re: New Obama plans: 'spend our way out' of downturn

    OP - I'm in late.

    Being given extra money to spend only hurts you, eventually.
    It might help for a small while - a few thousand doesn't go far these days, honestly - but when it's gone you're still down on your luck.

    It's like giving a pacifier to a baby - it'll keep her quiet for a while but it's not a fix to the perpetual issue of hunger.
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    Re: New Obama plans: 'spend our way out' of downturn

    So Question..

    If you do not spend your way out of a downturn then what can you do?
    PeteEU

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    Re: New Obama plans: 'spend our way out' of downturn

    In order for someone's hiked spending ot be extremely beneficial they MUST have a constant flow of increased money to spend.

    This is why poor are still poor even if they receive a 5,000 tax return - they have to have a continual source of money for them to get out of 'being poor'

    So - people need to be EMPLOYED to save theirselves from the red.

    If stimulous plans worked then we'd be OUT of trouble, now, and we're far from that, honestly. So what's wrong? What's wrong is that the problem for everyone's economic crunch is STILL THERE - lack of money isn't the issue. It's the lack of a job and the existing dependency on credit.

    The credit-dependency is like suckling on a teet that eventually will go dry - as we're witnessing. Credit spending has decreased for the last 9 months . . .thankfully.

    It's a house of cards that can't stand forever. . .especially when the bottom is pulled out from under it.
    Last edited by Aunt Spiker; 12-09-09 at 10:08 AM.
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    Re: New Obama plans: 'spend our way out' of downturn

    WHY does this have to be done with taxpayer funds?

    WHY NOT encourage spending from private funding?

    Retirees like me and the wife have plenty of money, and we are spending it on our house, finishing the basement is about half done, will be done by summer....and we are considering buying a car soon.

    But every dollar taken out of our IRA accounts gets taxed at a higher rate than we were paying when we put the money into the accounts.
    And yet Warren Buffet pays only 15% capital gains taxes.....

    There are trillions of dollars tied up in retiree accounts that could be tapped to help stimulate the economy...give them a temporary tax break to motivate them to draw out the funds and spend them, and jobs will be created....
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by UtahBill View Post
    WHY does this have to be done with taxpayer funds?

    WHY NOT encourage spending from private funding?
    Many people don't have money in private funding - OR - have plenty in private funding and intend to use it in the future and are doing fine without it, they don't need extra spending done . . . this is me.

    Retirees like me and the wife have plenty of money, and we are spending it on our house, finishing the basement is about half done, will be done by summer....and we are considering buying a car soon.

    But every dollar taken out of our IRA accounts gets taxed at a higher rate than we were paying when we put the money into the accounts.
    And yet Warren Buffet pays only 15% capital gains taxes.....

    There are trillions of dollars tied up in retiree accounts that could be tapped to help stimulate the economy...give them a temporary tax break to motivate them to draw out the funds and spend them, and jobs will be created....
    I approve, though, if people want to spend their money - let them.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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