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

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  •  Growth isn't going to come until (1+ / 0-)
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    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.

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