I was kind of shocked (well, not really) to hear that Obama's proposal was filled with billions in tax cuts for businesses who hire additional workers. Didn't he spend a lot of time during his campaign making fun of McCain for wanting to give tax breaks to businesses when it was "middle class Americans" instead who needed the help?
It is interesting to see the negative reaction from some of the dems in congress (Barney Frank, John Kerry, and Nancy Pelosi to name a few). They were flabbergasted at the idea of including these tax breaks for businesses as part of the stimulus. What is ironic is that the $170 billion in rebate checks for these middle-class, main street folk issued last year had absolutely ZERO stimulative effect on the economy. Maybe Obama is trying something new. Maybe he, as a very smart politician, realizes that in order to get re-elected in 4 years, needs to move more towards the middle. There are a lot of 'maybes' swirling around Obama, but this new proposal coming from the President-elect's office has certainly upset many hard liberals in the legislative branch who had hoped that Obama would continue with his hard liberal ways after winning the presidency. The same thing happened in 92 after Clinton won. He had a democratic congress to work with, but in clinton's push for reelection, alienated many in his own party in congress with moderate proposals, ended up fighting with them, nothing got done, and the republicans swept back into power in 94 as a result.
Will something similar happen in the next 2 years? I doubt it, but one can still hope, right? ;)
Why? Why are we spending MORE money? If a stimulus package means my children will pay it back, I don't want anything to do with it. The money would be nice, but we can live without it. If the government wants to bail out the banks, why not pay off some home loans? Maybe the good ones that deserve it...LIKE MINE!! When we bought our house, we were approved for much more than what our house cost. I think we were approved for upwards of $150K. The house we bought was a forclosure and was $84,625-closing and everything. It's 4-bedrooms/2 baths, 10 years old and I can even see my husband's hangar from my driveway!!! It's perfect. We're in absolutely no danger of losing it, but I'd like it a lot better if the gov't decided to do it this way. At least let me benefit from the bailouts!! Why can't everyone live within their means anyway??!!
Become active in politics. Help destroy the myth that “politics are dirty.” The fact is: politics are essential. The Lord has stressed that we ought to be concerned and involved in promoting good government. You simply have to realize that the political process is the way to attain that objective.
-D. James Cannon
Book List
I have granted every contributor admin privileges so that you can add your favorite political books yourself. Just follow the same format and be sure to keep this comment first in the list. Thanks!
"The Constitution of Liberty" by F.A. Hayek (Jeff)
"The Wealth of Nations" by Adam Smith (Devin)
"1776" by David McCullough (Devin)
"The Road to Serfdom" by F.A. Hayek (Jeff)
"A Matter of Interpretation" by Antonin Scalia (Devin)
"Atlas Shrugged" by Ayn Rand (Rich)
"1984" by George Orwell (Devin)
"The Birth of Plenty" by William J. Bernstein (Devin)
Very quick read: "The Curses of Entitlement: 30 Frightening Consequences of Government Payments" by Roger Fritz (Rich)
"The Tempting of America" by Robert H. Bork (Devin)
3 comments:
I was kind of shocked (well, not really) to hear that Obama's proposal was filled with billions in tax cuts for businesses who hire additional workers. Didn't he spend a lot of time during his campaign making fun of McCain for wanting to give tax breaks to businesses when it was "middle class Americans" instead who needed the help?
It is interesting to see the negative reaction from some of the dems in congress (Barney Frank, John Kerry, and Nancy Pelosi to name a few). They were flabbergasted at the idea of including these tax breaks for businesses as part of the stimulus. What is ironic is that the $170 billion in rebate checks for these middle-class, main street folk issued last year had absolutely ZERO stimulative effect on the economy. Maybe Obama is trying something new. Maybe he, as a very smart politician, realizes that in order to get re-elected in 4 years, needs to move more towards the middle. There are a lot of 'maybes' swirling around Obama, but this new proposal coming from the President-elect's office has certainly upset many hard liberals in the legislative branch who had hoped that Obama would continue with his hard liberal ways after winning the presidency. The same thing happened in 92 after Clinton won. He had a democratic congress to work with, but in clinton's push for reelection, alienated many in his own party in congress with moderate proposals, ended up fighting with them, nothing got done, and the republicans swept back into power in 94 as a result.
Will something similar happen in the next 2 years? I doubt it, but one can still hope, right? ;)
I'm just way super impressed Melanie knew how to take my exact quote from the comments page in the previous post. That is a technical miracle.
Why? Why are we spending MORE money? If a stimulus package means my children will pay it back, I don't want anything to do with it. The money would be nice, but we can live without it. If the government wants to bail out the banks, why not pay off some home loans? Maybe the good ones that deserve it...LIKE MINE!! When we bought our house, we were approved for much more than what our house cost. I think we were approved for upwards of $150K. The house we bought was a forclosure and was $84,625-closing and everything. It's 4-bedrooms/2 baths, 10 years old and I can even see my husband's hangar from my driveway!!! It's perfect. We're in absolutely no danger of losing it, but I'd like it a lot better if the gov't decided to do it this way. At least let me benefit from the bailouts!! Why can't everyone live within their means anyway??!!
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