Nice try! where is this free market you speak of? Once you have taxes and regulation there is no free market, that's economics 101.
Temporarily easing regulations is simply the cost of easing regulations is outweighed by the benefits accrued by easing those regulations, IN A TIME OF CRISIS.. That doesn't that those regulations aren't important or valuable in normal times.
Nobody is saying that increasing the tax rate on high wage earners is going to solve all our problems but it's a decent start. Perhaps you'd like college students and the elderly to pay down the debt, as you espoused before.
Obama offered a 3 to 1 spending cuts to tax increases and the republicans refused, so you assertion that obama would sign anything is blatantly wrong. Maybe you have him confused with bush.
Originally Posted by drluv1
In the marketplace, the price of a good or service helps communicate consumer demand to producers and thus directs the allocation of resources toward satisfaction of consumers as well as investors. In a free market, the system of prices is the
emergent result of a vast number of voluntary transactions, rather than of political decrees as in a controlled market. The freer the market, the more prices will reflect consumer habits and demands, and the more valuable the information in these prices are to all players in the economy. Through free competition between vendors for the provision of products and services, prices tend to decrease, and quality tends to increase
Obama wants a controlled market society for our country with government calling the shots. When our banks will spend 35 billion this year due to the new Dodd/Frank regulations don't complain to me if it costs you more.There are regulations I can see that protect us but when govt forced banks to lower a standard to give mortgages to people who will never pay them back. Not a good change. Or eliminating a work requirement in the welfare system so they never need to work again.
As for temporary easing of regulations, it shows how red tape can impact our society. This was a crisis I know but what about if day to day these regulations didn't exist. On one hand thay say these are necesarry regulations but on the other hand they are admitting they hurt our society and slow down or inconvience our lives.It can't be both ways.
Raising taxes on the rich is a decent start? My contention is it's peanuts. But when the top 2% pay 70% of the income tax in this land, what percentage is fair to you?
Obama's 3 to 1 or 4 trillion spending cuts were outer year baseline cuts that have no impact on reality. All theory budget spending cuts. Give me a one year spending cut that happens this year. If Obama wants 80 billion in extra revenue this year show me the 400 billion spending cuts he is proposing. We are projected to have 12 trillion new debt in 10 years. So with all these great plans our national debt will still be 25 trillion in 10 years. This is after all these so called grand bargain cuts. The taxes come in immediately while the cuts never happen. The spending cuts are annual cuts and could be voyed back in next budget while the tax rates are permanent. We have seen this played out many times in the past. Lets not fall for it again.