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Cutting marginal tax rates can also be perceived as primarily beneficial to the wealthy, which commentators such as Paul Krugman see as politically rather than economically motivated.Quoted from:
Tags: economy
Dear Mr. President,There's about 40 million people over 50 in the work force; pay them $1 million apiece severance with two stipulations if they are citizens:1) They leave their jobs. Forty million job openings - Unemployment fixed.2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
As Sec of Treasury, you would expect much more credible and experienced name who would exude confidence to the public and definitely to the investors. He seems a bit lightweight for that task and fail to meet the caliber the job requires. That may be my own reading from his performance so far but that could hurt the administration's credibility and erode confidence further in the administration's ability to solve the mammoth problems and crisis the country and thus the world is facing. It is much worse than any past period, worse than the great depression when there were no global markets and crisis propagated and reverberated slowly. I had warned/mentioned about this threat/risk of crisis almost a year ago and I think much more strongly that Obama needs to install much more powerful team to fight the war, again this is not a mere crisis it is a war against credit deficiency, trust erosion and if it spreads to central banks and the governments then nothing could help.
Thessalonius Ii
The non paying loans, reliance upon lack of foreign tariff and the growing environmental problems are several. What do you believe to be the upcoming burst?