On Hannity, ABC's Shipman attempts to correct record on tax cuts inclusion in stimulus package
July 09, 2009 7:53 am ET
From the July 8 edition of Fox News' Hannity:
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We need "genuine cuts" versus those actual tax cuts? Seriously? Once again, Faux placates the lowest common denominator in society (i.e. teabagging terrorists).
Just this morning, the bimbo on Faux and Idiots claimed people are upset because Obama is taxing us death...and they were going to speak with KKKarl to clear up the "math". Seriously.
MORONS.
For most of the Fox-Noise viewership and Rush Limbaugh listener-ship... this picture would be impossible to believe as a near perfect interpretation of the reality of the right-wings strangle-hold upon their simpleton minds.
Sometimes I wonder if those few right-wing crazies that go out and shoot up churches or kill health-care giving doctors in Kansas only do so because deep down in their little brains the truth begins to seep in,
but their brain can't handle the overload of conflicting Fox BS and reality so they snap because they vaguely begin to realize that they have been lied to by the likes of Fox-Noise and Rush but instead of accepting the truth they suppress or ignore it and go after that which Fox-Noise told them was the cause of all their anger,
to make it all better by showing up at tea bag parties or taking their guns and killing others because they can't accept that it would mean to blame BillO or Sean or Glenn or Rush to make the confusion stop?
Why is everyone so afraid of paying taxes? Tax cuts don't stimulate the economy, just because I have $5 dollars more on my paycheck (just enough for lottery tickets) every week does not make a difference.
Government spending on infrastructure, unemployment insurance extensions, and food stamps are the best returns on stimulus investments.
http://www.upi.com/Emerging_Threats/2008/10/29/Walkers-World-Obamas-stimulus-plan/UPI-32201225288990/
For example, the calculation suggested that a direct lump-sum tax rebate has an almost neutral effect. One percent of GDP given away leads to a 1.02 percent increase in next year's GDP. Cuts in the corporate tax rate or in capital gains taxes, or making the Bush tax cuts permanent, have a negative effect. They cost more than twice as much as they get back. A payroll tax holiday, by contrast, gets back $1.29 for every dollar spent, since it makes it cheaper to hire labor.
Even greater returns come from other planned measures. Food stamps return $1.79 for every dollar spent, because of the knock-on effect through the food industry. Unemployment benefits return $1.64 for each dollar spent, because the money is directly and immediately spent on food and goods and services, and has a multiplier effect on farmers, retailers, wholesalers and so on.
Infrastructure investment returns $1.59 for each dollar spent, as the money circulates through architects and engineering companies and construction workers who buy steel and cement, and their paychecks buy groceries and go into bank accounts and help keep the overall economy moving.
Direct aid to the states gets $1.36 in returns for each dollar spent, which may not be much but is a whole lot more productive than tax cuts. Moreover, many states have deferred building and maintenance programs planned, designed and ready to start almost as soon as the money is available.
I thought businesses weren't hiring, in fact they were laying off, for two reasons: One - that they weren't selling enough product, and Two - they could get cheaper labor in India and Malaysia. I recognize now how simple-minded that concept is.
Turns out that businesses are laying people off because they fear if they make a profit, they'll have to pay taxes on it. And that would suck so bad that they'd rather just get rid of their most profitable assets - their employees.