When will the tax cut be scrapped

[mclem0822]

Originally Posted by AeWingnut

I saw one brief headline on Yahoo talking about how there is just way too much damage done by the Bush Administration to give the middle class their promised tax cut.

I know no one here cares about that empty promise I just think it is funny.

How many times are people going to believe it ?

Congress was talking about allowing offshore oil drilling before the election then they kinda let it go by the wayside when they thought they would win.

They were talking about a 2nd stimilus package before the election now it also seems to be on hold.


http://www.youtube.com/watch?v=HajJAkQj_HU

Damage like perhaps spending $10 Billion a month on a war that never should have been fought! And not raising taxes to support it, or asking people to sacrifice! Directing these funds in other directions will be a start, it's going to be a huge challenge for sure. I think Barack will put together a good team around him, including first and foremost a Treasury S. with experience to turn things around. It's gonna take time to get us out of a deep financial hole!

[MaTH716]

He must do something about the job market. There are many qualified people that are unemployed out there. Not to mention all the people that worked for companies like Bear Sterns and Lehman that thought they were close to living a very good retired life. Now not only can't they retire, but they have to go out and look for a jobs. That's more people into a very deep talent pool already.
If people aren't working, then they are not spending and then the government isn't collecting. You all know how it works. I don't know how he is going to do it, but raising taxes on small companies might just make it worse, if that's possible.

[somerfrost]

Originally Posted by mclem0822

Damage like perhaps spending $10 Billion a month on a war that never should have been fought! And not raising taxes to support it, or asking people to sacrifice! Directing these funds in other directions will be a start, it's going to be a huge challenge for sure. I think Barack will put together a good team around him, including first and foremost a Treasury S. with experience to turn things around. It's gonna take time to get us out of a deep financial hole!

Of course, nobody can undue the last 8 years in a couple days. It will take time and anyone who thought otherwise for a second isn't in touch with reality. Obama's speech was clear and honest...reminded me of JFK's "ask not what your country can do for you...." We'll talk after Obama has a chance to right the ship...of course, some folks have nothing left but cynicism...

[AeWingnut]

Originally Posted by somerfrost

Of course, nobody can undue the last 8 years in a couple days. It will take time and anyone who thought otherwise for a second isn't in touch with reality. Obama's speech was clear and honest...reminded me of JFK's "ask not what your country can do for you...." We'll talk after Obama has a chance to right the ship...of course, some folks have nothing left but cynicism...