Quote Originally Posted by darkhorse12:
If O is re elected what policies will cause him to lay off 7000?
If the middle class is boosted by the wealthy keeping more of their money then why with the extension of the Bush tax cuts didn't the economy grow quicker?
Obama had 2 years to grow the economy not 4. The last 2 have been gridlock. Since the repubs have a deathgrip on the house what job bills have they introduced?
The fact that Obama has made it very clear he wants to raise taxes on the wealthy.
As far as the Bush tax cuts, I never said that was what killed the economy, it was the de-regulation and over-lending of the banks that led to the demise of the economy.
Now, the economy is now, has been, and always will be 100% cyclical. What causes abnormalities is certain laws and regulations, much like in the Bush administration. When Bush took office he was coming off a financially successful term with Clinton, and towards the middle of his presidency it took a downturn. The beginning of Obama's presidency was the worst economic times in almost 100 years, and he didn't exactly stop the problem right away...within 2-3 years it will be back above normal.
There is no doubt in my mind that by raising the taxes on the wealthy they will look to move labor overseas and save money that way. Many here have brought up the point of knowing what their effective tax rate is and I agree...90%+ probably do not know what that is...but does it matter? They get reports quarterly on their investments, and ask financial advisors where they can cut costs and raise revenues since they cannot change the taxes.
With Romney's plan of cutting taxes ACROSS THE BOARD, the wealthy can maintain that level, and have the opportunity to increase their investments domestically. Obama just doesn't have a clue when it comes to business...which is why he thought it would be a good idea to put the government in charge of a business (healthcare).
The government is a business, healthcare is a business, education is a business, national defense is a business, and so is hundreds of other industries. Why would you ever consider putting one in charge of the other? Let each industry run itself like it does best...you wouldn't ask Microsoft to run McDonalds.