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November 6, 2008 at 11:56 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300257
Aecetia
ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300614Aecetia
ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300625Aecetia
ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300638Aecetia
ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 11:56 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300691Aecetia
ParticipantLet’s see what he does during the first 100 days. I hope it turns things around for the better. This writer thinks it would be political suicide to increase taxes, but others have done it on both sides of the political aisle.
Barack Obama won’t raise your taxes. At least not in 2009
“This is where things will begin to get interesting. Not in 2009. Maybe not even in 2010. But after that something has to give. Fiscal conservatives are likely to push–as the Tax Policy Center’s Len Burman already did Wednesday–for letting more of the Bush tax cuts (you know, those on the middle class) expire. With Obama already having said that we need to stop relying on consumer spending as the main engine of economic growth, also I wouldn’t be at all surprised if we start to hear serious talk of instituting some kind of consumption tax–either an across-the-board one like a VAT or something more targeted to energy and the environment. (I should add that I think this would probably be a good idea; but it is a tax increase.) And of course there will be lots of talk about what to do on the spending side, but don’t count on a whole lot of movement in the direction of cutbacks.”
“A big question is whether pushing through tax hikes to shrink the deficit would amount to political suicide. It has seemed to be for the past quarter century–probably costing George H.W. Bush the presidency in 1992 and Bill Clinton a friendly Congress in 1994. I’ve always thought this was terribly unfair: Both Bush and Clinton were simply reacting to fiscal problems created during the Reagan years. Just as any tax increases that Obama implements a couple of years down the road would be necessitated in part by his predecessor’s unwillingness to take fiscal policy seriously. Will voters get that? We’ll see.”November 6, 2008 at 10:51 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300222Aecetia
ParticipantApparently the info. was removed by censors. Here is an interesting consequence of the new tax plan:
November 6, 2008 at 10:51 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300579Aecetia
ParticipantApparently the info. was removed by censors. Here is an interesting consequence of the new tax plan:
November 6, 2008 at 10:51 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300590Aecetia
ParticipantApparently the info. was removed by censors. Here is an interesting consequence of the new tax plan:
November 6, 2008 at 10:51 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300604Aecetia
ParticipantApparently the info. was removed by censors. Here is an interesting consequence of the new tax plan:
November 6, 2008 at 10:51 AM in reply to: Stock market set to rocket on prospects of Obama Presidency (up 250 points already) #300656Aecetia
ParticipantApparently the info. was removed by censors. Here is an interesting consequence of the new tax plan:
November 6, 2008 at 10:20 AM in reply to: OT: It’s official – the majority of Californians are idiots. #300202Aecetia
ParticipantThe 18th amendment was overturned.
November 6, 2008 at 10:20 AM in reply to: OT: It’s official – the majority of Californians are idiots. #300558Aecetia
ParticipantThe 18th amendment was overturned.
November 6, 2008 at 10:20 AM in reply to: OT: It’s official – the majority of Californians are idiots. #300569Aecetia
ParticipantThe 18th amendment was overturned.
November 6, 2008 at 10:20 AM in reply to: OT: It’s official – the majority of Californians are idiots. #300584Aecetia
ParticipantThe 18th amendment was overturned.
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