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8 comments

1 jayzee  Fri, Oct 29, 2010 8:49:22am

The economic growth is still anemic however, but we are coming out of the economic crisis. The question should be, was the stimulus plan really better than tax cuts would’ve been? Also, it is no news that tax cuts, regardless of how small will stimulate growth, yet in spite of this, the government is talking about raising taxes next year.

2 Randall Gross  Fri, Oct 29, 2010 9:02:57am

re: #1 jayzee

Anemic my ass, Wall streeters say that whenever the economy isn’t absolutely booming across all sectors. When things are booming it’s unhealthy for the economy long term because of inflation, steady incremental growth is healthiest.

I haven’t heard of any tax raises proposed “by the government” for middle class or middle income brackets. The ones whining most about taxes are the ultra rich elites.

3 Glenn Beck's Grand Unifying Theory of Obdicut  Fri, Oct 29, 2010 9:21:51am

re: #1 jayzee

TAlso, it is no news that tax cuts, regardless of how small will stimulate growth,

Yes it is. It is obviously not always demonstrably true. You’re not even clear if you’re talking about corporate taxation, or taxation on individuals, or consumer taxes, or what have you.

Can you clarify your assertion, and support it with an argument?

4 CarleeCork  Fri, Oct 29, 2010 10:40:42am

What is obvious is that the media is failing to do the job they should be doing.
Instead of keeping Americans informed they are keeping them stupid and entertained.

5 FreedomMoon  Fri, Oct 29, 2010 10:56:46am

re: #4 CarleeCork

What is obvious is that the media is failing to do the job they should be doing.
Instead of keeping Americans informed they are keeping them stupid and entertained.

Well to their defense it is REALLY entertaining following the nut-job tea party candidates committing gaffe after gaffe, one blunder after another. However as entertaining as it may be, there are other issues out there that do need to be touched on, and as the article stated the democrats have failed to capitalize on that. But can you blame them? When someone questions your allegiance and puts out ads saying you favor catering to pedophiles and illegals over good hard-working Americans you unfortunately in this day day-and-age have to defend yourself and your credibility—as wacky and lofty the accusations may be.

6 Political Atheist  Fri, Oct 29, 2010 11:46:30am

re: #2 Thanos

The big measure is jobs. The growth is still inadequate to keep up with the influx of new job seekers, let alone re hiring the laid off millions. We need something like 150,000 jobs to keep up with population growth. What we get is a fraction of that so far.That fact just permeates the attitude about the economy across the board. Oversimplifying, foolish, but true. Look at California and Nevada.

7 jayzee  Fri, Oct 29, 2010 12:35:27pm

Thanos-it is anemic. That’s why the fed is ratcheting up its activities. But it’s growth and I’m not surprised by it. As far as tax raises go, yes, they are thinking of raising taxes. I didn’t say they were raising for everyone, I said they were thinking of raising taxes. I am also saying it is a bad move especially at this juncture.

8 Randall Gross  Fri, Oct 29, 2010 8:02:16pm

It’s always the best of times, and the worst of times. Parts of the traditional economy are anemic, parts of the economy that are non traditional are doing great - but they aren’t yet fully included in the measures. GDP is averaging abt 3pct, that’s healthy and steady incremental growth. Not a boom, not a bust, just growth. 3 pct is the average growth of GDP since about Roman times btw.


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