re: #162 Dark_Falcon

I think the support will arrive. Obama’s vaporware plans will go nowhere (he isn’t even sending a detailed tax proposal to Congress), and he’s not going to look good for having proposed something he knew wouldn’t pass and couldn’t even bother to properly detail. I don’t see how Obama beats Romney or Perry with a bad economy and not having taken effective action to help it.

I’m jumping in this conversation late, but I had to comment on this one. Why is it Dead on Arrival? because the Republicans in Congress have no desire or willingness to compromise. They’re banking that exactly what you’re saying will happen: That people will see 2 years of ineffectual government, and reward the people who spent the last two years preventing the government from doing anything to help a spiraling economy.

So, we’re going to spend the next 14 months doing nothing. Because *nothing* the Republicans have offered will do anything for the economy except hurt it. Corporations are already sitting on 3 Trillion (yes Trillion) Dollars in cash reserves. Cutting their taxes won’t induce them to spend it. There’s no demand (that’s why it’s called a demand recession). Meanwhile, interest rates are about zero. (and in fact are effectively negative in some cases) So investing it gives the same rate of return as cash.

So by cutting taxes of corporations, you’re taking money that would be spent (which pays wages and for other companies to perform work), and instead forcing the US government to borrow even more money. While the corporations continue to sit on their increasingly large cash reserves.

Le me be blunt. The Republicans oppose anything they feel will help Obama. The damage being done to America in the process? Just have to break a few eggs to make that omelet. Right?

The only chance America has is if enough Republican congressmen begin to fear for their jobs, but with the gerrymandering that the states have done, there are so many safe seats that the only fear the Republicans have are challenges from the *right*.

… and people still don’t understand how dire the situation in Europe really is. There’s a very real chance that you could see Greece, then Portugal, then Ireland, then Italy, then Spain, all default. and if you thought the consequences of the Banking crisis was severe… yeah… We’re sitting here doing nothing, whistling past the graveyard, and hoping that our inaction doesn’t doom America.