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Dale Philyaw, Economist / Veteran
Political Nonsense
Political nonsense appears to be the mantra that the current Republican Party follows. It is time for us to take a look at their methods of governing and hold them responsible for their actions.
The Republican Party would have us believe that more tax cuts and breaks would increase the chances of corporations using those profits to generate new jobs. With companies sitting on record profits and the number of jobs lost during the both the Bush and Obama administrations I find it difficult to accept increasing their profits through reduction in taxes would result in the sudden decision to use those profits to generate jobs.
Those corporations sitting on record profits would now be sitting on more record profits while tax revenue remains the same. The company is entitled to its profits. that is not at question but to think less taxes would increase jobs is to deny the record profits corporations are currently sitting on. The Republican standard argument is that uncertainty is the reason for companies sitting on the sideline, if so why did we start losing jobs under Bush and before the Obama extension of the Bush tax cuts. Recall the Republican forced the extension. It appears the assertion is merely a Republican talking point.
Republicans want government to get out the way and let businesses conduct their business without regulation, unless of course you are talking about a government subsidy or providing an additional incentive for the business to take advantage of. Closing loop holes that allow multi-billion dollar corporations to escape paying any taxes seem a reasonable approach in generating needed revenue. Government is to get out the way unless it is providing a financial reward to business.
I am aware that the wealthy pay taxes and merely takes advantage of the available tax laws and loop holes available. The Presidents stance on the wealthy and corporations paying there fair share is a positive measure. No one is implying they do not pay taxes nor is President Obama engaging in class warfare as many Republicans would like us to believe. The President viewpoint is supported by a huge majority of Americans.
Americans should view how the economics and ideology of the parties affect them individually and not be blindsided by a Republican agenda that does little to support the individual. Expect more Republican rhetoric concerning class warfare. If you are talking about less than 1 percent of the American population how then are we engaging in class warfare.
Social Security should not be viewed as an entitlement program, we the people have contributed into this program throughout our working lives and are simply receiving the benefit of the investment. Social Security is based on your wages and the amount contributed, how is it that as the government continues to call it an entitlement.
As many things in this world: the truth/better option lies somewhere in the middle of the extremes (Republican and Democratic views). As an Independent I support President Obama jobs bill and would like to see our representatives represent the people. Government is not the total answer but it must not sit idly by and watch the economy and more importantly the people suffer. In basic economics the government, businesses and the consumers are the movers of the economy, if business and the consumer are not spending, one thing the government can do is to spend in an attempt to stimulate the economy. The Republicans do not support any government spending if it is proposed by President Obama, no matter the benefits. Government spending on infrastructure should be a no brainer, its put people to work and the work is needed. What better time to repair our roads and bridges than now when so many need the work. The Republican talking point is it is temporary job improvement, if the viewpoint is accepted what is the problem in this economy. Government is only a portion of the solution, should government do nothing and sit idly by! I think not.
Thank you
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