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View Diary: What's in the American Jobs Act? (148 comments)

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  •  It's a good term (0+ / 0-)

    And proper, for sure.  I hope both parties see it this way.  I mean, without government stimulus ( a term republicans hate ), there's not going to be private sector growth.  It just isn't going to happen now.  Government HAS to get involved and stimulate the economy.  

    I don't think any amount of "tax cuts? or "tax breaks" is going to do that, however.  We need spending to create a demand for labor.  It's Econ 101.  I know that reducing taxes on citizens will probably get them to spend....but, a lot of it will be used to pay down debt and to save because of the worries families have about the future.  Those things don't spark economic growth.  

    - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

    by r2did2 on Fri Sep 09, 2011 at 11:57:12 AM PDT

    [ Parent ]

    •  Growth isn't going to come until (1+ / 0-)
      Recommended by:
      mightymouse

      consumer balance sheets are repaired.  We still have a huge consumer debt problem.....the result of lax lending standards for decades.  if the tax cuts  for some people go to retire that debt, great.  If they help the lower rungs (like us) continue to patronize our grocery store and prevent further layoffs, great.

      This is not a cure.  It is an emergency measure to further stop the bleeding.

      •  If this second round of a "cure" doesn't have (0+ / 0-)

        a significant effect on the economy and jobs, it's going to be an ugly election season.

        Want to seriously get things moving?  Fix the F'ing mortgage problems with cram down.

        Because it would hurt banks and wall st., it is unthinkable.

    •  I agree that the government has to get involved (1+ / 0-)
      Recommended by:
      Brooke In Seattle

      where I disagree is that this is a particularly good way to do it. This is demand based, but these are largely supply side proposals. They are working to benefit companies in the hopes that better company balance sheets will lead to hiring. That's not totally stupid, but it's addressing the wrong problem. The biggest problem for most businesses right now is in sales and pricing power, not in tax expenses or lack of funds for projects.

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