A new economic “stimulus” proposal floating around Washington in the days before Congress returns is not sitting well with many. Here’s a brief roundup of today’s reactions:
According to USA Today, Moody’s Analytics chief economist Mark Zandi, who has advised both House Speaker Nancy Pelosi (D-CA) and former presidential candidate Sen. John McCain (R-AZ) said the $180 billion package of tax cuts and infrastructure spending will not “add up to a lot of new jobs.”
Ken Camp, CEO of Hillenbrand, Inc., told The Wall Street Journal a tax break included in the plan to spur business investment “wouldn’t persuade him to increase investment at the company…” The problem, it seems, is the temporary nature of most of the proposals. Terex Corp. Ron DeFeo, said the tax incentives won’t “change fundamental demand” and actually could lead to more instability in the economy.
One manufacturer said the tax portion of the bill may help a little, but he’s much more concerned with the looming tax increases he’ll face when the 2001 and 2003 tax cuts expire. Brad Benson, president of Squires-Belt Material Co., told the Los Angeles Times while he welcomes the proposal “as a manufacturer, [he’s] more concerned with the tax-cut issue.”
Take a bus to D.C. load all of them up & start over, What have we got to loose! end career politicians.
Our founding fathers did not intend for them to spend their lives there, two terms is enough; that way
you have fresh ideas in Washington all the time.
Saw your ad on TV this Sunday morning – twice on two separate networks during two favorite Sunday morning programs, NBC’s Meet the Press and CBS Sunday Morning. Buying spots on those networks are quite expensive, I’m sure, so apparently bankrupting.org must have a fairly wealthy group of supporters & players.
I was hoping to find some names of players and supporters for this website, but found none. Wondering if it’s possible to know more about the founders of your organization in the ABOUT section on your website, as it is important for folks to get a feel for the group who propagates information to add proper context; i.e., if your members and/or funding comes from the U.S. Chamber Chamber of Commerce, then I can logically reason that your points and context of the material here, would be skewed to benefit corporations, while expressing disdain for government. Using factual information is crucial to understand the complexities of our broken economy, but it’s also important that ALL SIDES must be explored as well.
For example, it should be mentioned that Bush Republicans ran up a $8.2 trillion debt on the nation’s credit card by March of 2006. During that month, the Republican Senate voted to raise the debt ceiling to $9 trillion to make borrow/spend policy legal, and that statistic may be mentioned here on this ‘Site. But it is important to inject all elements of the system, not just those that would somehow indicate an erroneous conclusion, such as the current occupants of government are the blame for the malaise the country now finds itself in. To mention that the banks collapsed 5 months prior to Pres. Obama assuming office, is important. To mention that in 2003, Bush Republicans voted for an unfunded Medicare bill, costing taxpayers around $534 billion, is important. It is important also, to mention the tax breaks for the wealthy while the nation fought two wars, costing tax payers over $1 trillion; that those wealthy pay only around 15% tax rate when leveraging loopholes. Just hope that we see these elements in your material, as we need all elements before deciding a logical course to take. Thanks.
Tar & Feathers!!!
Out of a job BOB!
the only reason it’s cool is that we are in a political season.