Your Weekly Address from the President-Elect

[The Ex-Factor]

http://www.youtube.com/watch?v=Zd8f9Zqap6U

If for some reason you want to download it:
http://www.change.gov/page/-/videos/32yuje98fd/20081114_WeeklyAddress_Compressed.mov

[Lunar]

omgomgogmogmogomgogomgomgomgomgomgomg

edit: Nevermind, that was sooo dull

[Wall St. Wiz]

Rebuilding our crumbling roads, bridges and schools? I really resent when the leader of the country praises communist China's infrastructure and takes every opportunity he can to criticize his own country.

[Хahar 🤔]

Rebuilding our crumbling roads, bridges and schools? I really resent when the leader of the country praises communist China's infrastructure and takes every opportunity he can to criticize his own country.

Because it's all perfect, right?

[Marokai Backbeat]

Rebuilding our crumbling roads, bridges and schools? I really resent when the leader of the country praises communist China's infrastructure and takes every opportunity he can to criticize his own country.

I hope this a joke.

[Edu]

Rebuilding our crumbling roads, bridges and schools? I really resent when the leader of the country praises communist China's infrastructure and takes every opportunity he can to criticize his own country.

LOL

[paul718]

If he wants to create jobs he should cut top marginal rates rather than raising them, cut corporate taxes, and abolish the capital gains tax.  If a public works project is what he wants, he should gather up anyone who's interested, send them to Panama, give them spoons, and pay them to widen the canal.

[Marokai Backbeat]

If he wants to create jobs he should cut top marginal rates rather than raising them, cut corporate taxes, and abolish the capital gains tax.  If a public works project is what he wants, he should gather up anyone who's interested, send them to Panama, give them spoons, and pay them to widen the canal.

Because cutting taxes for the wealthy has been so effective thusfar. Most corporations don't pay taxes as it stands now anyway so lowering the taxes is an almost pointless exercise unless you get them to actually pay them again.

Clearly the solution for the economic crisis is more of the same.

[paul718]

Because cutting taxes for the wealthy has been so effective thusfar.

Exactly.

[MK]

If he wants to create jobs he should cut top marginal rates rather than raising them, cut corporate taxes, and abolish the capital gains tax.  If a public works project is what he wants, he should gather up anyone who's interested, send them to Panama, give them spoons, and pay them to widen the canal.

Haven't we already been doing that?

[paul718]

If he wants to create jobs he should cut top marginal rates rather than raising them, cut corporate taxes, and abolish the capital gains tax.  If a public works project is what he wants, he should gather up anyone who's interested, send them to Panama, give them spoons, and pay them to widen the canal.

Haven't we already been doing that?

Cutting taxes, or the Panama Canal thing?

From the 2003 tax cuts until the credit crisis, more than 8 million new jobs were created, and the amount of tax revenue to the government increased at a faster rate than any four-year period in American history.

[cannonia]

Most corporations don't pay taxes

Try again.

[Brittain33]

From the 2003 tax cuts until the credit crisis, more than 8 million new jobs were created, and the amount of tax revenue to the government increased at a faster rate than any four-year period in American history.

How many jobs were created between the 1993 tax hike and the dotcom bust, and how did federal revenue change?

(Also, how are the job increases and revenues relative to the 2001 tax cuts, i.e., not timed to start at the beginning of the post-9/11 recovery?)

[paul718]

From the 2003 tax cuts until the credit crisis, more than 8 million new jobs were created, and the amount of tax revenue to the government increased at a faster rate than any four-year period in American history.

How many jobs were created between the 1993 tax hike and the dotcom bust, and how did federal revenue change?

(Also, how are the job increases and revenues relative to the 2001 tax cuts, i.e., not timed to start at the beginning of the post-9/11 recovery?)

I don't know how many new jobs were created, but I imagine it was relatively high.  My point is that the tax hike only hindered economic growth, i.e., the economy grew 4.2% in the year prior to the '93 tax hike, and after the tax hike, economic growth slipped to % in '93 and '94.  I also would imagine that federal revenue increased, but again, I don't think the tax hike helped.  The amount of wealth generated during the 90s was unprecedented.  For example, in 1997 President Clinton CUT the capital gains, and over the next five years capital investment grew by 400% and the stock market grew at an annual average of 20% until the end of his term.   

[MR maverick]

Barack OClinton is already making people regret voting for him.

This address was the same ole same old.

[MK]

Barack OClinton is already making people regret voting for him.

This address was the same ole same old.

He hasn't took Office yet and i don't see what youre talking about.

Barack OClinton?