Calling Card Online

In various threads one attractive idea keeps popping up: Provide tax cut incentives for the return of money that American corporations deposit in overseas banks (in Cayman, Dubai, etc.) so that they will use it here to build infrastructure, create jobs, and boost production.

It doesn’t work.

This was tried with the Homeland Investment Act of 2005. Billions of dollars were brought back, but according to MIT economics professor Kristin J. Forbes, for every dollar that was brought back, there were zero cents used for additional capital expenditures, research & development, or hiring and employee wages.

The money went into bonuses, shareholders, whatever. A lot of it belonged to the pharmaceutical business.

The fat cats who make money are determined to keep it in the hands of those who have money instead of putting it into the economy.

This link seems to work directly:

http://www.zerohedge.com/article/here-it-comes-democrats-considering-tax-repatriation-holiday-economic-massacre

If it does, forget the following.

Arrival at the target article gives a link identification, but the website stops the link at the home page. Use their search option for The lost cause ….  tax repatriation. In the list, click on the article: Here it comes: Democrats considering “Tax Repatriation Holiday” Economic Massacre.

http://zerohedge.com/article/lost-cause-tax-repatriation-or-folly-homeland-investment-act-part-2

http://xfinity.comcast.net/articles/finance/20110614/US.Retail.Sales/

 Americans bought fewer cars in May, pulling retail sales down for the first time in nearly a year.

Sales among U.S. retailers fell 0.2 percent last month, the Commerce Department said. It was the first decline after 10 straight increases.

Auto sales dropped 2.9 percent, the largest decline since February 2010. But excluding the weak car sales, retail sales rose 0.3 percent.

The slump in retail sales was the latest report signaling that the economy has lost momentum. Consumers are struggling to deal with high gasoline prices and a slowdown in hiring. While the surge in gas prices eased in May, pump prices are still significantly higher than a year ago.

http://xfinity.comcast.net/articles/finance/20110511/US.Budget.Deficit/

The government is taking in more tax revenue as the economy improves, but not nearly enough to keep the federal budget deficit from exceeding $1 trillion for a third straight year.

Just keep spending and spending and spending,what a Country.

Where do you think the US is headed?

Do you believe the “official” numbers or the average American?

http://www.reuters.com/article/2011/04/28/us-usa-economy-gallup-idUSTRE73R3WW20110428?feedType=RSS&feedName=domesticNews

 (Reuters) – More than half of Americans say the U.S. economy is in a recession or a depression despite official data that show a moderate recovery, according to a poll released on Thursday. 

The April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. Twenty-nine percent said the economy is in a depression and 26 percent said it is in a recession, with another 16 percent saying it is “slowing down,” Gallup said.

The Gallup poll found that Democrats are the most likely to say the economy is growing. Forty-three percent of Democrats said the economy is in a recession or depression, 13 percent said it is slowing down and 42 percent said it is growing.

Sixty-eight percent of Republicans and supporters of the conservative Tea Party movement said the economy is in a recession or a depression. Fourteen percent of Republicans and 13 percent of Tea Party supporters said the economy is growing.

Fifty-seven percent of independent voters — a crucial segment of the electorate for Obama’s re-election bid — said the economy is in a recession or depression and 24 percent said it is growing.

Hello Everyone

Heres the plan

We all start a  A Boycott of the large company’s Buying oil futures for profit on the stock market   YES the stock market they are Killing us !!!!!!!!!!!!

See this is not a boycott to use the oil Just the company’s Making billions of dollars on bringing the prices up on the stock market it a money scheme operation can’t you see it  .  oil at $4000 a barrel   and everybody on the stock market is partying its plausable .     WAKE UP PEOPLE           We must act now               BOYCOTT  —————

So here where my life comes into it — and yours too

if we don’t do this our economy is doomed we will never stop the increases on every thing .

So this is what must happen remove the oil from Being traded

its a life blood of all our Countrys it should not have trillion persent mark up !       

 Lucky for us the home market collapsed I couldn’t work 4 Jobs and pay 2000 dollar rent But now the  Gas at   $ 9 a gallon soon same thing just a differant game.

Please act now save the world from world greed .

This may cause revolution in China. People don’t have much to begin with.

High inflation endangers China’s status as the low-cost workshop for the world. And if the government’s efforts to fight inflation cause the economy to stumble, that will cloud the outlook for international businesses — whether multinationals like General Electric or copper miners in Chile — that have been counting on China for growth.

Inside China, inflation also poses a threat to social stability, a particular worry for Beijing, especially since authoritarian governments in North Africa and the Middle East have become the focus of popular uprisings.

http://www.nytimes.com/2011/04/18/business/global/18yuan.html?_r=1&ref=todayspaper

Giving Back – 99er Finds Success and His Calling Online . Although the economy is still down, jobs are being lost, businesses continue closing around us, and this person not only found a way to make a living online but has also found his …

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Giving Back – 99er Finds Success and His Calling Online

I am confused about the economy. It’s so volitile but what I can’t understand is how are vehicle sales up lately? With unemployment so high and decrease in wages, how are people able to buy them?  Are the banks and car companies giving bad loans again?

I even heard banks are giving out mortgages to people with risky credit again. If thats so then I can see we will be bailing them out again.

Answers anyone?

http://www.usatoday.com/money/perfi/taxes/2010-05-10-taxes_N.htm
By Dennis Cauchon, USA TODAY

Amid complaints about high taxes and calls for a smaller government, Americans paid their lowest level of taxes last year since Harry Truman’s presidency, a USA TODAY analysis of federal data found.
Some conservative political movements such as the “Tea Party” have criticized federal spending as being out of control. While spending is up, taxes have fallen to exceptionally low levels.

Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8.% of income before rising slightly in the first three months of 2010.

“The idea that taxes are high right now is pretty much nuts,” says Michael Ettlinger, head of economic policy at the liberal Center for American Progress. The real problem is spending,counters Adam Brandon of FreedomWorks, which organizes Tea Party groups. “The money we borrow is going to be paid back through taxation in the future,” he says.

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my goodness….

isn’t that an eye-opener!

taxes lowest in 50 years, and economy was just the worst in 75 years!

jobless rate sux!

how can this be!

could supply-side economics be a simple case of propaganda?

since reagan tripled the US deficit to create a good economy…

and bush doubled the deficit to sustain the economy, even with republicans massive tax cuts for the wealthiest 1.5%.

.

you see, back-in-the-day, economists believed that taxes helped grow the economy by incentivising investment.

i have heard this myself, “it was either buy a brand new work truck or give it to the government”

and thats how taxes increase business investment.

since investment in a business doesn’t get taxed, then there is an incentive to invest!

.

its really not complicated.

and it even made america the richest, most powerful country on earth.

long before Ronald Reagan ever re-invented supply-side economics.

and deregulation as “reaganomics”…

.

Article, “Economists list U.S. budget deficit as No. 1 worry”…snippet:

“(Reuters) – The massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday.” …

“Panelists continue to characterize excessive federal indebtedness as their single greatest concern,” with state and local government debt the second-biggest worry, the survey said. It was conducted between January 25 and February 9.”

Meanwhile, Obama’s promised deficit reduction over the next decade doesn’t even total the amount of the budget deficit he’s budget for this year…which also illustrates exactly how ridiculous the bureaucratic liberal position is on both the federal and state level with our “gravest threat” to the economy.