Obama Fleshes Out Further Details of Stimulus Plan
I am getting rather frustrated with this stimulus package. There are far too many business tax cuts. Think about this. If I am a business and consumers have money to buy 100 widgets and I make 10 dollars profit on those widgets, if I am taxed less on profit will I now build 110 widgets. NO!! I still can only sell 100 widgets. Lower taxes on businesses do not lead to more production when we already have too much capacity. The problem is demand.
The stimulus package should have only items that create jobs and put dollars in the demand side, the consumer. I am absolutely convinced that republican dogma is clouding people's thinking and the president is not standing up to this muddled thinking.
2 hours ago