Comments on: Did government control really change hands?

By: Jack Lohman

Jack Lohman — Tue, 11 Nov 2008 12:41:38 +0000

For what it's worth Guys: Tax Cuts: The B.S. and the Facts

By: David O'Rear

David O'Rear — Mon, 10 Nov 2008 09:34:57 +0000

Good Lord, man, surely you know the difference between a fiscal deficit and a trade deficit!

By: JohnKonop

JohnKonop — Sun, 09 Nov 2008 04:10:25 +0000

Trade debt does matter Dave!

By: David O'Rear

David O'Rear — Sun, 09 Nov 2008 03:02:42 +0000

No, Bush's tax cuts didn't create jobs. What I said was, effective tax cuts may benefit India and China, i.e., those who make the things American consumers buy.

By: Jack Lohman

Jack Lohman — Sat, 08 Nov 2008 05:55:26 +0000

David,

So, Bush’s tax cut created jobs? Are you not following the numbers? And okay, so India and China benefit from our “effective” tax cuts. It isn’t the US that is benefiting! The only Americans that benefited were the rich (as you point out).

By: David O'Rear

David O'Rear — Sat, 08 Nov 2008 01:00:24 +0000

Mr Lohman, A tax cut for the wealthy did not create new jobs? OK. Does it follow that a tax increase will create new jobs? No, not at all. . Oh, and the comment about India and China was off the mark. They benefit from effective US tax cuts, the kind that stimulate the economy. Dubious & Co's 2001 give-away was the worst possible kind, and didn't help anyone but the rich.

By: Jack Lohman

Jack Lohman — Fri, 07 Nov 2008 13:38:00 +0000

And others agree: http://www.alternet.org/workplace/106195

By: caroline

caroline — Fri, 07 Nov 2008 11:24:18 +0000

I pretty much agree. Meet the new boss, he’s the same as the old boss. Another President that’s bought and paid for.

By: Jack Lohman

Jack Lohman — Fri, 07 Nov 2008 11:04:33 +0000

Well David, I’m not an economist but I do not in any way believe that a tax cut for the wealthy added jobs in the US. It did make a lot of rich people richer. And most certainly that money benefited India and China.

Our taxes are already going to be increased as a result of the bailout (unless there’s some pot of gold we haven’t been told about).

The taxpayer bailout was the direct result of a corrupt political system, and the right wingers disagree. Only getting the payola out of the system will allow it to stabilize.

By: David O'Rear

David O'Rear — Fri, 07 Nov 2008 09:41:09 +0000

Mr Lohman,

What part of “increased everybody’s taxes 30%” relates in what way to “pull this country out of its current tailspin” ?

This humble economist sees those two options as mutually exclusive.