What happened to all of the doom and gloom economic threads?

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Coming from the rag that helped convince Americans to vote for Obama, this is a little sad:

It's an opinion piece, chucklehead. You see, in the mainstream media (even if it leans a little one way or another), publications host opinions from all sides of the political spectrum. The righties here live on a diet of extremist right-wing crap and have a difficult time fathoming why a publication would have opinion pieces with a range views.


The irrelevancy of the Obama presidency

Love the message from the right. Obama is messing up too many things! No, wait. He's irrelevant!

Health care reform changed everything! No wait, it doesn't matter. :rolleyes:
 
You have to have an economic reason to hire a new employee besides a puny tax credit. :rolleyes:

It's not a credit, it's a reduced tax rate. Funny how whenever Obama cuts taxes "it's just a credit", even when it's not a credit.

You just went against a thousand years of Republican doctrine by saying tax cuts don't create jobs. Welcome to the Dark Side, Vette. ;)
 
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No I'm not. A payroll tax credit is useless if there is no demand creating the need for a new employee. Cuts in income tax rates, corporate rates, and capital gains rates is an entirely different matter.


Vetteman is now a demand side-economist!!!

Just wanted to put that out that. AJ and Rightfield are going to have a field day with you. :)


But no, cuts in income tax rates and capital gains rates don't create jobs either. Just look at the results of the Bush tax cuts if you don't believe me. A job creation rate of 0.6% in Bush's second term and a *coughs* 0% job growth rate in his first term.

Meanwhile Carter's job creation rate with a much higher tax rate outpaced any Republican, ever.
 
Bullshit Liar, KB is right...MORON.


Nope, you said that consumer demand is what creates jobs. Can't take it back. Drop the facade, you and I both know what creates jobs: people buying stuff. Cuts in taxes leads to increased capacity to buy more stuff, but does not necessarily mean people will buy more stuff...

We agree.
 
Nope, you said that consumer demand is what creates jobs. Can't take it back. Drop the facade, you and I both know what creates jobs: people buying stuff. Cuts in taxes leads to increased capacity to buy more stuff, but does not necessarily mean people will buy more stuff...

We agree.

Trying to twist words like a pre-pubescent junior high school Dennis-the-Menace again? It's a bit tiresome.
 
Trying to twist words like a pre-pubescent junior high school Dennis-the-Menace again? It's a bit tiresome.

I didn't twist anything. Here's his direct quote:


A payroll tax credit is useless if there is no demand creating the need for a new employee.


Seems pretty straightforward to me. Go ahead, attack Vette for his liberal "disproven by the NRO" belief system. Don't give him a pass just because he's on your side of the political spectrum, hypocrite.
 
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It must be nice to sit on your ass all day, collect a socialist government check, and denounce the evils of socialism.
;)
 
Let me ask you a question. If nobody wants to buy your product, would you take a tax credit to hire an employee you didn't need to produce a product nobody wanted?

you DIMISH yourself by trying to discuss issues with him

shame on you
 
No I'm not. A payroll tax credit is useless if there is no demand creating the need for a new employee. Cuts in income tax rates, corporate rates, and capital gains rates is an entirely different matter. Reducing the rates on existing employees is helfful but will noit necessarily create a demand for new employees.

How do we create demand for new employees, Vette?

No snark here, straight up serious question.


you DIMISH yourself

Edumacation FAIL.

http://www.hemmy.net/images/interesting/fail11.jpg
 
Let me ask you a question. If nobody wants to buy your product, would you take a tax credit to hire an employee you didn't need to produce a product nobody wanted?


Vette I totally agree with you that a rise in consumer demand leads businesses to hire in order to meet that demand. That's where it's at. Employer-side payroll tax cuts will make it slightly easier for businesses to hire but the impact on jobs will be tiny. But remember it's Republicans that have been clamoring for employer-side payroll taxes, not Democrats. This is the first I've heard of a Dem advocating for such a thing. I imagine Obama is trying to throw a bone at Republicans to get them onboard for the whole plan.

If you want to insist that the payroll tax cut doesn't lead to hiring, fine. You agree with every demand-side liberal out there and you're wholly opposed by Rightfield, AJ, and the conservative establishment. Lucky for you though you're in agreement with virtually every mainstream economist out there in your thinking however. (And Democrats).
 
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