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taxes

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Stimulate Me – How Obama Could Win the Economic War

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Now that we’re starting to get an idea of what President Obama’s economic knowledge is like, it’s starting to get a little worrisome. Taxpayer money is being thrown at hundreds of projects, like museums, sidewalks, libraries, and a trolley in Puerto Rico.  Pushes for more “green energy” projects will do more to raise energy costs, which tends to hurt the economy as that cost is reflected in the price of milk and bread.  Even Obama’s so-called tax cut is designed to cause hardship, as taxes aren’t being cut.  When your income tax withholding is reduced, but the actual tax rates are not adjusted, it isn’t a tax cut at all.  It’s a deferred payment, because you’ll either have to pay the money back in April 2010, or have your refund reduced.

So … is there a stimulus plan that could work?  Is there an idea that could put an immediate cash infusion into the American economy?  Could we, with one or two quick decisions, take action to put our economy on the fast-track again, while costing no more than the estimated one to three-and-a-half trillion dollars that Obama and the Democrat-controlled Congress have allocated so far?

Yes.

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How to Save the US Auto Industry

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As the arguments have gone on about how to bail out the US auto industry, I’ve thought a lot about it myself.I believe that the US auto industry can be saved with some rather simple steps.  Primarily, these include such common-sense things as un-crippling the automakers, reforming the automotive market, and trying some innovative experimental tax reform.

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My Advice for President-Elect Barack Obama Pt. 1

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Now that Barack H. Obama, the only messiah to actually have H. as a middle initial, has won the election, he can assemble his transition team, staff, and advisors. Since I’m a firm believer that not all advice should be taken from people who believe exactly as you do, I am applying for a role as advisor to the future-president. With that in mind, I am offering a series of short pieces of advice in this blog.
**Part 1 – Middle-Class Tax Credit**
There are undoubtedly plenty of people in America who think you were serious about your tax-cut plan. That happens every presidential-election year, so it’s not surprising. Now, though, it’s time to start transitioning the promises into realities. Now it’s time to break your promises while making it look as if you really tried to keep them.

More: Read the rest of this entry…

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