Quote:
Originally Posted by Vendzilla
Those Who Forget History Are Doomed to Repeat It.
Obama wants to raise taxes on the rich, that was done during the great depression and 8 years later, what saved the economy was borrowing money for the war effort and increasing manufacturing 50% , getting people to work. So get rid of NAFTA and give tax incentives to get manufacturing jobs here in the US
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So then you are all for govt spending to get the economy moving? As far as forgetting history or maybe you were still in a crib, Clinton raised taxes on the rich and the economy boomed, why? Because rather than hoarding money and paying taxes on it people will do whatever they can to avoid paying high taxes which means businesses will buy new equipment for write offs, hire more people, spend more in advertising, etc. If you ever ran a business that made a lot of profit you would understand that concept.