View Poll Results: Congress bears absolutely no responsibility for the economy

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  • Agree, no responsibility

    3 12.00%
  • Disagree, it is culpable

    21 84.00%
  • What's Congress?

    1 4.00%
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Thread: Congress bears absolutely no responsibility for the economy

  1. #11
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    Well, for starters, the budget. I also think the REINS act would be beneficial not simply for job creation, but for federalism.
    Yeah politicians debating how much led is acceptable in food will be so beneficial

    I'm pretty sure they have been pushing to expand domestic energy production as well (which would be huge), but I can't think of any specific legislation tied to that off-hand.
    Domestic energy production is at an all time high. And I for one do don't want to see to see the market flooded with product.

  2. #12
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by obvious Child View Post
    Congress bears absolutely no responsibility for the economy.

    Agree/Disagree/More Cheese Please?
    it's all Bush's fault
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  3. #13
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    Well, for starters, the budget. I also think the REINS act would be beneficial not simply for job creation, but for federalism. I'm pretty sure they have been pushing to expand domestic energy production as well (which would be huge), but I can't think of any specific legislation tied to that off-hand.
    Don't try too hard. There really hasn't been very much in the last few years. There's been tons of filibusters, and numerous proposed bills in 2010 that were basically just attempts to sabotage healthcare reform, but very little in the way of changes to make things any better for the American people. You can search Thomas.gov (the website that records all the legislation that Congress deals with) all you like, but you won't actually find much of anything proposed by the Republicans in congress in the last few years that would do anyone any good. It's been almost entirely obstruction.
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  4. #14
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by winston53660 View Post
    Yeah politicians debating how much led is acceptable in food will be so beneficial
    As a formal matter of federalism, the combination of Legislative and Executive power within a single actor who operates with Judicially - provided sovereign immunity is a dangerous actor; and one whom we went to war with once upon a time to get rid of.

    As an eocnomic matter, yes; forcing large regulatory changes before the Congress will A) hold these people accountable, as they will now have to go on record, B) restore a large measure of self governance, as portions of America's regulatory law will now formally flow from the will of the governed and C) create a natural drag on the promulgation of large regulatory changes that lack a solid case to be made through the virtue of cost/benefit analysis.

    Domestic energy production is at an all time high. And I for one do don't want to see to see the market flooded with product.
    And in North Dakota, unemployment is 2.3%, and truck drivers are pulling in 6 figures. Much of what growth we have seen can be attributed to the relatively small energy boom we have seen. If we want jobs, good jobs, good jobs that pay above the average wage, good jobs that pay above average wages for blue collar workers and good jobs that pay above average wages for blue collar workers that can't be shipped overseas, then we need to let that industry loose.

  5. #15
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by Paschendale View Post
    Don't try too hard. There really hasn't been very much in the last few years. There's been tons of filibusters, and numerous proposed bills in 2010 that were basically just attempts to sabotage healthcare reform, but very little in the way of changes to make things any better for the American people. You can search Thomas.gov (the website that records all the legislation that Congress deals with) all you like, but you won't actually find much of anything proposed by the Republicans in congress in the last few years that would do anyone any good. It's been almost entirely obstruction.
    That's a good point. Reminds me of all those path-breaking budgets that the Senate passed, that then got held up in the House

  6. #16
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by OscarB63 View Post
    it's all Bush's fault
    More like Clinton and the 1996 Republican Congress.
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    Re: Congress bears absolutely no responsibility for the economy

    According to the Mainstream media. It all depends on who holds the power.

    If we have a Republican President and a Democratic Congress than it is the President's fault.

    If we have a Democratic President and a Republican Congress than it is the Congress's fault.

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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    Well then I think you should pay more close attention - or perhaps I am wrong. As I understood it, however, the lower nominal corporate rates were tied to complexity reduction, which aimed at keeping effective rates broadly the same. Generally I'm fine with that - I see no reason why G.E. should be able to pay at such a lower rate than Wal-Mart. Which is precisely as it should be, economists from both sides agree that having the highest corporate rate in the industrialized world helps chase business abroad, and that then our lack of a territorial tax system helps keep it there.
    It still doesn't matter! You do not pay taxes when you do not make money. And firms were losing money on basic operations, none of which are going to get affected by special deductions or credits. When your basic operations don't even generate a profit, it does not matter what tax rate you have. You do not pay taxes.
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  9. #19
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by obvious Child View Post
    It still doesn't matter! You do not pay taxes when you do not make money.
    well that is not true. business still pay their half of payroll taxes, for example. but when speaking of corporate income, that is correct - has anyone suggested otherwise?

    And firms were losing money on basic operations, none of which are going to get affected by special deductions or credits. When your basic operations don't even generate a profit, it does not matter what tax rate you have. You do not pay taxes.
    agreed, and the only actors here that would be effected would be those that were "losing" money or "not making money" via preferred "investments".

  10. #20
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    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    As a formal matter of federalism, the combination of Legislative and Executive power within a single actor who operates with Judicially - provided sovereign immunity is a dangerous actor; and one whom we went to war with once upon a time to get rid of.
    The EPA nor the FDA have anything to do with the Revolutionary War.

    As an eocnomic matter, yes; forcing large regulatory changes before the Congress will A) hold these people accountable, as they will now have to go on record, B) restore a large measure of self governance, as portions of America's regulatory law will now formally flow from the will of the governed and C) create a natural drag on the promulgation of large regulatory changes that lack a solid case to be made through the virtue of cost/benefit analysis.

    Yeah Congress is such an effective body of experts in their field


    And in North Dakota, unemployment is 2.3%, and truck drivers are pulling in 6 figures. Much of what growth we have seen can be attributed to the relatively small energy boom we have seen. If we want jobs, good jobs, good jobs that pay above the average wage, good jobs that pay above average wages for blue collar workers and good jobs that pay above average wages for blue collar workers that can't be shipped overseas, then we need to let that industry loose.

    So everybody should move to N Dakota?

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