Comments on: Economic/Market Highlights 1/5…”Bad and Getting Worse” http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/ Thu, 24 May 2012 03:19:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: DAB http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108418 DAB Wed, 07 Jan 2009 12:45:40 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108418 I'm concerned that individual tax cuts that will show up as minor amounts in paycheck deductions will offer a minimal stimulus effect, that they will shortly lead to a much larger deficit which will then result in high inflation. I don't believe you can just keep printing and/or borrowing money from other countries and not elicit a major negative effect later on. I believe that mortgage assistance and job creation incentives should be the major priorities here. I’m concerned that individual tax cuts that will show up as minor amounts in paycheck deductions will offer a minimal stimulus effect, that they will shortly lead to a much larger deficit which will then result in high inflation.

I don’t believe you can just keep printing and/or borrowing money from other countries and not elicit a major negative effect later on.

I believe that mortgage assistance and job creation incentives should be the major priorities here.

]]> By: EWard http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108347 EWard Wed, 07 Jan 2009 07:36:26 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108347 LD - What Obama proposed is a redistribution of wealth.... 1. tax cuts for those paying taxes or with an earned-income credit. Likely for families earning up to 200k, although that is not yet defined. LD - Over 50% of Americans do not pay any taxes. These are the individuals that will be receiving the tax rebate. Even if every one of us gets a $500 check, how will that stimulate the economy? 2. businesses can retroactively reduce tax bills going back 5 years by writing off losses from 2008 and 2009. LD- This is a welfare plan for businesses with our hard earned tax dollars. Companies can write off losses and later would be entitled to received cash from the government - aka-taxpayers- 3. offer tax credits to entice firms to plow money back into new investments. LD - this is the crux of Obama's "tax cut" - In other words the government is managing these businesses - a better plan - cut corporate taxes - eliminate capital gains for several years - apply a cap later - reduce government spending 4. provide a one year tax credit for companies that make new hires or forego layoffs. 5. increase write-offs for a wide array of expenditures for small business. LD - Why should failed businesses receive money from the government-taxpayers? Mortgaging our future and adding trillions of dollars in deficits will not help this country. BO has fooled the American people with the word "tax cut" when it is a welfare plan for individuals that do not pay taxes and for businesses that have failed. LD – What Obama proposed is a redistribution of wealth….

1. tax cuts for those paying taxes or with an earned-income credit. Likely for families earning up to 200k, although that is not yet defined.

LD – Over 50% of Americans do not pay any taxes. These are the individuals that will be receiving the tax rebate. Even if every one of us gets a $500 check, how will that stimulate the economy?

2. businesses can retroactively reduce tax bills going back 5 years by writing off losses from 2008 and 2009.

LD- This is a welfare plan for businesses with our hard earned tax dollars. Companies can write off losses and later would be entitled to received cash from the government – aka-taxpayers-

3. offer tax credits to entice firms to plow money back into new investments.

LD – this is the crux of Obama’s “tax cut” – In other words the government is managing these businesses – a better plan – cut corporate taxes – eliminate capital gains for several years – apply a cap later – reduce government spending

4. provide a one year tax credit for companies that make new hires or forego layoffs.

5. increase write-offs for a wide array of expenditures for small business.

LD – Why should failed businesses receive money from the government-taxpayers? Mortgaging our future and adding trillions of dollars in deficits will not help this country. BO has fooled the American people with the word “tax cut” when it is a welfare plan for individuals that do not pay taxes and for businesses that have failed.

]]> By: William L. Donlon http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108330 William L. Donlon Wed, 07 Jan 2009 06:46:41 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108330 "Bad and getting worse" How much worse?? Prediction: DOW goes to 5,200 and unemployment to 30%+ by Xmas 2009 A "short" period of Deflation will be followed by HYPER Inflation. Cash Is KING, if you are not there, get there. I hope I'm wrong. “Bad and getting worse”

How much worse??

Prediction:

DOW goes to 5,200 and unemployment to 30%+ by Xmas 2009

A “short” period of Deflation will be followed by HYPER Inflation.

Cash Is KING, if you are not there, get there.

I hope I’m wrong.

]]> By: Bennie Cardozo http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108323 Bennie Cardozo Wed, 07 Jan 2009 06:34:52 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108323 Bush ended it for him. As of Jan 1, full sovereignty of the Iraqi government has been fully restored and all foreign forces now operate under the command of the Iraqi government. Bush ended it for him. As of Jan 1, full sovereignty of the Iraqi government has been fully restored and all foreign forces now operate under the command of the Iraqi government.

]]> By: jjran http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108296 jjran Wed, 07 Jan 2009 06:05:21 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108296 BHO said his first order of business was ending the war in Iraq. What happen to that? BHO said his first order of business was ending the war in Iraq. What happen to that?

]]> By: WildChild http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108165 WildChild Wed, 07 Jan 2009 03:42:23 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108165 It's time to raise taxes. The growth in big box retail is over. The growth in post ma bell telecoms is over. The growth in real estate is over. The growth in the stock market is over. Growth is all pretty much over and it is all over because the scams have all been scammed out to include the biggest scam of all: supply side economics. Supply side never panned out. We never grew our way out of debt but instead, piled the debt even higher We never invested in new technologies so there is no follow in industries to grow off those new technologies. All we did was scam. We scammed our industrial base and the jobs that went with it out to slave wage counties. We lied to ourselves by saying this made us more productive as high paying jobs became low paying jobs. We threw our tax cut money at whatever easy money scam was the talk of the town on Wall Street. So what do we have to show for it? We're poorer. We are deeper in debt. Our economy is a wreck and our infrastructure is falling apart. This is the legacy of supply side economics. We'd have to be insane to cut taxes again. It’s time to raise taxes. The growth in big box retail is over. The growth in post ma bell telecoms is over. The growth in real estate is over. The growth in the stock market is over. Growth is all pretty much over and it is all over because the scams have all been scammed out to include the biggest scam of all: supply side economics. Supply side never panned out. We never grew our way out of debt but instead, piled the debt even higher We never invested in new technologies so there is no follow in industries to grow off those new technologies.

All we did was scam.

We scammed our industrial base and the jobs that went with it out to slave wage counties. We lied to ourselves by saying this made us more productive as high paying jobs became low paying jobs. We threw our tax cut money at whatever easy money scam was the talk of the town on Wall Street. So what do we have to show for it? We’re poorer. We are deeper in debt. Our economy is a wreck and our infrastructure is falling apart. This is the legacy of supply side economics.

We’d have to be insane to cut taxes again.

]]> By: gaindenpendent http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108153 gaindenpendent Wed, 07 Jan 2009 03:15:31 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108153 You're ignoring the debt level many consumers have. Most of the money, and it's really nothing to the average cosumer. The tax break that Obama is offering won't even cover the increase in health insurance I'm going to have to pay. His tax cut will not help the economy one little bit. He's proposing the same thing Bush has spent 8 years doing and it didn't work. You’re ignoring the debt level many consumers have. Most of the money, and it’s really nothing to the average cosumer. The tax break that Obama is offering won’t even cover the increase in health insurance I’m going to have to pay. His tax cut will not help the economy one little bit. He’s proposing the same thing Bush has spent 8 years doing and it didn’t work.

]]> By: gaindenpendent http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1108149 gaindenpendent Wed, 07 Jan 2009 03:06:19 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1108149 Tax cuts only work in limited circumstances. If they always worked we wouldn't be in the bad shape we are in right now economically. IMO, the problem is that Obama's Reaganomics are basically supply side economics which don't work. Giving someeon 20.00 a week when their insurance premium went up $100.00 a week won't do diddly to help the economy. Solving the healthcare problem in this country would do more than what he's proposing. Tax cuts only work in limited circumstances. If they always worked we wouldn’t be in the bad shape we are in right now economically. IMO, the problem is that Obama’s Reaganomics are basically supply side economics which don’t work. Giving someeon 20.00 a week when their insurance premium went up $100.00 a week won’t do diddly to help the economy. Solving the healthcare problem in this country would do more than what he’s proposing.

]]> By: jwrjr http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107985 jwrjr Tue, 06 Jan 2009 23:43:38 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107985 Tax cuts don't help either unemployed people or people with incomes too low to pay taxes in the first place. Tax cuts don’t help either unemployed people or people with incomes too low to pay taxes in the first place.

]]> By: jwrjr http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107979 jwrjr Tue, 06 Jan 2009 23:40:54 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107979 Exactly. Businesses do not expand manufacturing capacity unless they have or imminently foresee somebody to buy the products. Without that they say "thanks for the money" and deposit it in their bank accounts (usually offshore ones). Exactly. Businesses do not expand manufacturing capacity unless they have or imminently foresee somebody to buy the products. Without that they say “thanks for the money” and deposit it in their bank accounts (usually offshore ones).

]]> By: jjran http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107813 jjran Tue, 06 Jan 2009 20:52:54 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107813 Bush came into office and passed I trillion tax-cut.... For the last 8 years, I don't see us getting nowhere... The gov budget is in the hole, the economy is in deep recession, banks are failing, people losing homes, credit frozen, the American dollar is worthless ( Canadian $ is better).....All these happened with the Dem holding congress and 2 years in the Senate. Now that we have the Chicago Crooks and Liars taking over, just look at the state of ILL, the worst place to live: Taxes up in the skies, murder rate up the skies, unemployment up in the skies... Counts your blessings ladies, this is the beginning of the end of America as we know it....... We are drifting into joining Mexico as part of the Third World... .. When BHO make all the illegals get IDs, America will official become a third work country with a military, navy and air force. What a disgrace.. Bush came into office and passed I trillion tax-cut…. For the last 8 years, I don’t see us getting nowhere… The gov budget is in the hole, the economy is in deep recession, banks are failing, people losing homes, credit frozen, the American dollar is worthless ( Canadian $ is better)…..All these happened with the Dem holding congress and 2 years in the Senate. Now that we have the Chicago Crooks and Liars taking over, just look at the state of ILL, the worst place to live: Taxes up in the skies, murder rate up the skies, unemployment up in the skies… Counts your blessings ladies, this is the beginning of the end of America as we know it……. We are drifting into joining Mexico as part of the Third World… .. When BHO make all the illegals get IDs, America will official become a third work country with a military, navy and air force. What a disgrace..

]]> By: SN in MN http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107801 SN in MN Tue, 06 Jan 2009 20:30:03 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107801 Supply-side scam. They don't employ people and buy equipment to stack unsold goods on the shelves. So they're sitting around on piles of money, and won't invest it because they have to pay tax on the profits? Really? Seems like a pretty poor strategy to me. Supply-side scam. They don’t employ people and buy equipment to stack unsold goods on the shelves. So they’re sitting around on piles of money, and won’t invest it because they have to pay tax on the profits? Really? Seems like a pretty poor strategy to me.

]]> By: MPC http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107723 MPC Tue, 06 Jan 2009 18:45:13 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107723 See woodiej's comment below. By benefiting business, firms are able to employ more workers and avoid layoffs. Those people are getting paid, so they have money to go spend to support their families, thereby supporting the businesses, and the cycle begins flowing again. In addition to salaries, businesses will also put the funds from these tax breaks towards capital expenditures and dealings with other businesses. All of this is intertwined, and directing tax breaks to business is not something that just goes up in smoke with no spreading beneficial effects. It's not the ONLY thing that needs to be done, just part of a potential solution. I certainly won't complain about individual taxpayer breaks (hopefully not in rebate form), but I would love to see a cut in capital gains taxes to increase incentive to invest. See woodiej’s comment below. By benefiting business, firms are able to employ more workers and avoid layoffs. Those people are getting paid, so they have money to go spend to support their families, thereby supporting the businesses, and the cycle begins flowing again. In addition to salaries, businesses will also put the funds from these tax breaks towards capital expenditures and dealings with other businesses. All of this is intertwined, and directing tax breaks to business is not something that just goes up in smoke with no spreading beneficial effects. It’s not the ONLY thing that needs to be done, just part of a potential solution. I certainly won’t complain about individual taxpayer breaks (hopefully not in rebate form), but I would love to see a cut in capital gains taxes to increase incentive to invest.

]]> By: wodiej http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107641 wodiej Tue, 06 Jan 2009 16:49:58 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107641 This proposal includes tax cuts for consumers. Tax cuts for consumers mean more money to spend. More money to spend means a demand for supply. A demand for supply means increased production. Of course we have no way of knowing what a business will do with the tax cuts. Likely some execs will get bonuses out of it. But I am pretty sure if there is a demand for a product, a business will ramp up production to provide it. The whole point is we have to do something. I agree, there needs to be major government spending cuts-MAJOR. This proposal includes tax cuts for consumers. Tax cuts for consumers mean more money to spend. More money to spend means a demand for supply. A demand for supply means increased production. Of course we have no way of knowing what a business will do with the tax cuts. Likely some execs will get bonuses out of it. But I am pretty sure if there is a demand for a product, a business will ramp up production to provide it.

The whole point is we have to do something. I agree, there needs to be major government spending cuts-MAJOR.

]]> By: toni http://www.noquarterusa.net/blog/10113/economicmarket-highlights-15bad-and-getting-worse/#comment-1107610 toni Tue, 06 Jan 2009 15:39:59 +0000 http://www.noquarterusa.net/blog/?p=10113#comment-1107610 I agree jwrjr. Why is it that the mention of tax cuts gets so many people excited when they are usually there to benefit the person in power more so than the average worker? Paleeeese...after the bail out bills passed and the "stimulus" yet to come, etc., are the tax cuts really going to help those who needed the bail out the most? I don't think so. Yes, all these small, family owned companies who are now defunct will be so happy to be able to write off their losses....against what if they have no more income? It's pandering...might as well throw in a couple of rebate checks and two extra months of low gas prices while they are at it. And I am an eternal optimist! I agree jwrjr. Why is it that the mention of tax cuts gets so many people excited when they are usually there to benefit the person in power more so than the average worker? Paleeeese…after the bail out bills passed and the “stimulus” yet to come, etc., are the tax cuts really going to help those who needed the bail out the most? I don’t think so. Yes, all these small, family owned companies who are now defunct will be so happy to be able to write off their losses….against what if they have no more income? It’s pandering…might as well throw in a couple of rebate checks and two extra months of low gas prices while they are at it. And I am an eternal optimist!

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