BASIC STIMULUS PACKAGES PROVE LEFTIST POLICIES ARE BAD MEDICINE

Right now - in the USA, everyone pretty much agrees that the economy would benefit from a stimulus package, and that this should includes tax cuts and incentives for investment - and not Tax & Spend policies or command economy restructuring.

Almost everyone seems to agree that Tax & Spend would be bad medicine right now - when the economy is a little "sick".

So... if Tax & Spend is bad when the economy is ailing, then why does the Left persist in thinking that taking bad medicine is good when the economy is healthy!?

You don't take bad medicine when you're sick, and you certainly don't take bad medicine when you're healthy.

In fact; cutting taxes and crating incentives for investment are a GREAT tonic all the time.

Low taxes and incentives for the entrepreneur are always good.

ONLY THE GOP PROPOSES POLICIES OF THIS NATURE.

IF YOU VOTE FOR DEMS - OR IF YOU STAY HOME AND LET THEM WIN - THEN YOUR ESSENTIALLY OPTING FOR HIGHER TAXES, MORE REGULATIONS, AND A WEAKER ECONOMY WITH LESS GROWTH.

Er um... this hurts the poor the most. And the children.

Of all the candidates I think Mitt has the best plan for the economy (via NRO)- (no accident since he's the ONLY businessman and has an MBA as well as a JD from HARVARD):

Bidding to seize control of the accelerating debate over economic stimulus, former Massachusetts Gov. Mitt Romney is proposing a package with something for everyone. In an interview this afternoon, Mr. Romney said he will propose:

—To permanently cut in the lowest income tax bracket to 7.5 percent from 10 percent.

—To make that cut immediately retroactive to 2007 tax liabilities.

—To permanently eliminate Social Security payroll taxes for workers over 65.

—To provide 100 percent expensing of new equipment purchased by businesses over two years retroactive to Jan 1 2008.

—To permanently reduce the corporate tax rate to 20 percent from 35 percent over two years.

—To permanently eliminate capital gains and dividends taxes on households earning under $200,000 a year, an idea he has previously proposed.

Bush's is okay, too.

All the Dems are basically socialists - who invoke class warfare, and they reveal it with their comments on the Stimulus Package put forward by Bush:

''For the White House to propose spending over $100 billion to jump start the economy, while shortchanging assistance to the 50 million families who are struggling the most and are most likely to inject those funds into the economy makes no sense.'' --
Sen. Hillary Rodham Clinton, D-N.Y., in a written statement.

------

''After months and months of watching families struggle to get by in this economy, George Bush finally offered a plan that would leave out tens of millions of working Americans and seniors who need help most and are most likely to spend and boost our economy.'' --
Sen. Barack Obama, D-Ill., in a written statement.

------

''The economic damage done by Bush and (Vice President Dick) Cheney is deep and long-lasting, and the temporary tax cuts he proposes will not solve it alone. Making matters worse, his plan provides little or no help to some 50 million low-income and middle class families.'' --
Former Sen. John Edwards, D-N.C., in a written statement.

------

HUCKSTERBEE'S COMMENTS PROVE HE'S A LEFTIE AT HEART, TOO:

------

''But I'm going to tell you, we need some long-term solutions in this country.'' -- Former Arkansas Gov. Mike Huckabee, a Republican, who told voters at a technical college in Greenville, S.C., that Bush's plan is ''a good short-term solution.''

------

OF THE ONLY TWO CONSERVATIVES IN THE RACE, MITT'S STATEMENT WAS CLEARLY BETTER:

------

''His outline, of course, was in broad strokes. And it makes a good deal of sense. I will be announcing my economic stimulus plan soon. And you will see it has many similar features. I go into some more specific details at this stage. I think the president wants to work with the Democratic Congress to see if he can't get something done on an urgent basis. I think it is essential that the economic stimulus plan is passed very, very quickly, so that it can have the stimulative effect that our economy needs.'' --
Former Massachusetts Gov. Mitt Romney, a Republican, speaking to reporters in Reno, Nev.

------

''I think if we're going to have a stimulus plan, that's probably the direction we need to go in.'' --
Former Sen. Fred Thompson, R-Tenn., in Spartanburg, S.C.

BTW: The downturn is solely due to the weak housing market and the piss-poor new-fangled banking/loan instruments used to make crappy loans and how these loans were repackaged as financial instruments which have virtually no transparency.

Basically the financial institutions which bought these repackaged mortgages bought a pig-in-a-poke and are stuck with them. They've written them off because nobody wants them anymore; the got stuck with the hot potato, so-to-speak.

The weak housing and financial markets don't reflect the underlying economy which is very good. And with a weak dollar other segments of our economy will make up the slack.

ASIDE: The worthless repackaged mortgage instruments remind me of an old Yiddish story.

One day - a long time ago, in the old country - a young Jewish man, (a newlywed, just starting out in business with the stake he got for his recent marriage) got in his brand new donkey cart and left his little village to go the big market in the big town to see what he might buy and bring back to sell in his brand new shop.

When he got there he saw people furiously buying at one stall. He got out of his cart and went over and saw they were furiously buying and selling tins of herring.

He loved herring - and he knew his neighbors did too, and the price looked very good - and they were selling out. So he took ALL his money and bought ALL the remaining stock of tins. He loaded them in his cart and went back home to his little village thinking he was a hero - a soon to e RICH here.

The next morning he opened his shop and his neighbors came in and each one bought a few tins of herring. HE SOLD OUT, AT A NICE PROFIT. He and his new wife and the in-laws were very happy.

But the next morning, he started getting complaints, and they didn't stop. NO ONE LIKED THE HERRING. In fact, the herring wasn't edible. He gave everyone a refund, took the opened and unopened tins back, loaded the cart and immediately went back to the big town's big market and found the man he bought them from and complained that they weren't edible. He opened a tin for the man. But the man wouldn't even try it. He didn't need to. He knew the herring wasn't edible. And he told the young man why: "These tins aren't for eating; they're for buying and selling!"

This is what many speculators did to the US housing market: they weren't buying houses to make into homes; they were buying in order to resell. The homes weren't for living; they were for buying and selling. And the mortgages for these homes weren't for collecting the mortgage payments; they were for repackaging to resell to other institutions. These two speculative practices created the problem. (It's a manageable problem which the economy will be over in 6 months.)

ONE THING FOR SURE: BANKS NEED TO GET BACK TO BASICS.