Obama - good for Americans

[dalakhani]

Originally Posted by Danzig

speaking of greenspan:


Former Federal Reserve Chairman Alan Greenspan, speaking at a Treasury Department event on business taxes, said the problems of higher U.S. tax rates in a global economy are being masked by the low global cost of capital and declining exchange rates.

This will be temporary, however. “The cost of capital is not going to stay down at this level,” Greenspan said. As the cost of capital rises, the problems of higher U.S. tax rates relative to other countries will become more apparent, he said

Treasury Secretary Henry Paulson earlier opened the event, saying, “Our current business tax system is clearly not optimal.” Paulson called for a comprehensive review of the way U.S. business is taxed, arguing the current system distorts the economy and harms business growth. “It is time for a comprehensive look at our system for taxing business,” he said. Paulson echoed comments he made in a recent Journal op-ed.

However, Paulson’s push for streamlining the corporate tax code is out of synch with Democrats in Congress. Democrats in the Senate and the House of Representatives, under new balanced budget rules, are pursuing a wide range of corporate tax hikes and revenue raising options, such as taxation of carried interest on hedge fund managers’ income. Tax reform isn’t on the tax committees’ agenda.

Greenspan stressed that lawmakers should act now to lower rates while the economy is good. “When all of a sudden the Baby Boomers retire … pressure is going to be for higher taxes, not lower taxes and to do anything that effects the corporate tax rate on the downside will run into political resistance.


that was from july '07.

LOL after he was out of the job. He has said lots of things contrary to how he performed after he left.

[dalakhani]

But this is why i shouldnt waste my time arguing about it. No one acknowledges the basic points of the discussion. You guys just paste stuff from partisan sources that agree with your cause.

I will save you the trouble. There is a guy i know well that will completely agree with you guys. He is one of if not the most influential lobbyists in DC. PM me if you want the name.

What i am saying is save the canned rhetoric.

Cant you come up with your own thoughts and support them with your own facts?

[Danzig]

Originally Posted by dalakhani

But this is why i shouldnt waste my time arguing about it. No one acknowledges the basic points of the discussion. You guys just paste stuff from partisan sources that agree with your cause.

I will save you the trouble. There is a guy i know well that will completely agree with you guys. He is one of if not the most influential lobbyists in DC. PM me if you want the name.

What i am saying is save the canned rhetoric.

Cant you come up with your own thoughts and support them with your own facts?

i did a search since i wanted to educate myself on the topic, since all i got here is that i was a republican. those are the things that came up. had i found the opposite, i would have put that up. i'm trying to learn about the stuff...exactly how could i back up my pov if i found it to be incorrect? i said back a few pages ago that i was basing my initial thoughts on what i have observed over the last few years in my current job. as well as how things have been going for the last 11 years that tony has worked at his job. so, i did searches, and that's the stuff i found. in other words, i did have my own thoughts, my own facts, and from what i've read, i was pretty much on the right path.

and all that stuff i found, and put up..all of that is partisan? the guy from us news? the guy from the ny times?

[Danzig]

Originally Posted by dalakhani

LOL after he was out of the job. He has said lots of things contrary to how he performed after he left.

but what if someone had listened? where would we be now?
also, you use greenspan as a way to give props to clinton, and now you take the other tack?

[dalakhani]

Originally Posted by Danzig

but what if someone had listened? where would we be now?
also, you use greenspan as a way to give props to clinton, and now you take the other tack?

he gave props to Clinton while he was still in office and then afterward. His book is an interesting read if not totally agenda filled.

What you really have to think about is what would have happened if people chose NOT to listen to Greenspan when it mattered. Where would we be?