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Bait and switch....Buyer Beware?

In a speech on Wednesday in Cleveland, Obama will ask Congress to let businesses quickly write off 100 percent of their spending on new plants and equipment through 2011.Text
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Comments

  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    There is much talk about "offsets" when the administration gives their reasons for not extending the current tax structure, so I must assume that at some point, an "offset" will be proposed to increase taxes to make up for this particular proposal. The die was cast early on, and there is no reason to expect that their ideology is going to change at this juncture. I note that they haven't yet given up on the energy tax, and it's a biggie.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    should be for durable good type items produced in North America only

    i know it couldn't happen

    just can't quite stomach all the folks buying more stuff from Costco/WalMart made in China and furthur weakening Joe Lunch Box and the working class


  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    should be for durable good type items produced in North America only

    Stellar idea. Before we have no more production capabilities or industrial jobs left at all. I know, I know - the trade war boogieman is going to be sprung. Maybe it would be cathartic.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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