Obama admits it...

[no guns here]

during todays speech, he admitted at least TWICE that lower taxes make the economy grow.  I was dumbfounded.  I hope the conservatives are able to take advantage of his admission in the future.

NGH

[Shu]

Suprise suprise. Lower taxes mean more money in the consumers pocket. More money in the pocket means they buy more. I always thought that was obvious. Maybe someone should tell congress.

[powderman]

during todays speech, he admitted at least TWICE that lower taxes make the economy grow.  I was dumbfounded.  I hope the conservatives are able to take advantage of his admission in the future.

NGH

HEH. Sounds like somebody messed with his teprompter. POWDERMAN. 

[no guns here]

He also seemed to stammer and correct his words a bit today.  I normally DON'T watch his speeches at all but really wanted to hear what he had to say about the earthquake/tsunami.  Then he went into a discussion on oil/gas prices and the economy.  It was great to hear him  admit that the continueing tax breaks were instumental to getting the economy back on track.


NGH

[Pat/Rick]

Sounds more like a reelection speech preview. "we're going to lower taxes,(but borrow more money").

[mcwoodduck]

Suprise suprise. Lower taxes mean more money in the consumers pocket. More money in the pocket means they buy more. I always thought that was obvious. Maybe someone should tell congress.

But it is much more than just that.
Sure lower taxes are found money for the average tax payer.
But lowing taxes lowers prices making the money in the people's hand worth more in purchasing power.
Prices on the shelf reflect costs, profit, and taxes (all taxes including pay roll, income, property, fuel.....&)
if you lower taxes (payroll, income, property, inventory) you will lower the price and demand for those goods will go up.
Higher demand of people willing and able to pay for those goods increase production and that creates jobs and higher wages that makes more demands for goods, creating more jobs and on and on.  Lowering taxes brings more $ in total to the government in taxes.  5% of 100 is more than 30% of 10.

[powderman]

Sounds more like a reelection speech preview. "we're going to lower taxes,(but borrow more money").

Exactly. Just politics. theres nothing the obamination won't say or do to stay in power. POWDERMAN. 

[briarpatch]

The problem is, there are enough fools to make it happen. And the clown knows it.

[Land_Owner]

5% of 100 is more than 30% of 10.

Wait a minute.  This isn't the Math Forum.  You can't just leave it like that.  It is still in "formula mode". 

You gotta spell it out.  Remember the guy in the White House, or anyone of his staff, may be reading these posts and directing the OMB.

$5.00 is greater than  $3.00

[magooch]

Since when does anything the Halfreakin says, have anything to do with what he does?  He is even a bigger liar than the Clintons--if that is possible.

[mauser98us]

He s in so far over his head,it's incredible.i

[powderman]

He s in so far over his head,it's incredible.i

HEH, his ears keep him from drowning. POWDERMAN. 

[lakota]

I agree with others here-I dont think he really believes what he is saying he is only saying it to get reelected.

[mcwoodduck]

5% of 100 is more than 30% of 10.

Wait a minute.  This isn't the Math Forum.  You can't just leave it like that.  It is still in "formula mode". 

You gotta spell it out.  Remember the guy in the White House, or anyone of his staff, may be reading these posts and directing the OMB.

$5.00 is greater than  $3.00

I keep saying we need to have a 30 second professor on the TV like we used to have school house rock.  Bet eveyone in my age group remembers Conjunction junction and I'm just a bill.
But if we had just some guy that comes out and explains simple economics and builds on it.
The 5% of 100 refers to cutting taxes will jump start the economy.  the economy will grow 10 fold.
You get more money into government when employment is high, taxes are low and there are less rules and regulations that drive up costs. 
Lowering taxes and costs lower prices and put more money in people and business hands to buy new stuff, hire new people, and to lower prices.  For some reason the dolts in congress either think that taxes are a zero sum gain or they know lower taxes create jobs and do not want a booming economy because (insert stupid leftist idea here- Green, Communist, demand society, lack of freedoms, Dependancy on the government, Nanny state.....).

[magooch]

Obama and the rest of the Dumbycrats are still holding onto the theory that you can borrow your way out of debt and spend yourself rich.