Originally posted by mikemike So that is the Obama plan, tax cuts for the rich will create the next company that starts in a garage, succeeds for a few years, fails for a decade, then becomes wildly successful by outsourcing everything to China. He better hope that Romney doesn't steal that plank.
a pair of cheap sunglasses...
Obama was actually saying the opposite. Reinstate a reasonably progressive income tax... the issue with the Bush cuts (and the Romney ones) is that these are revenue negative. Due to sacred cows on both sides of the spectrum, what's left are the things government does better than private industry, precisely because the economic/health returns are not immediate nor guaranteed, to cut in order to satisfy the deficit phobes.
Now, of course Obama as a politician says things that don't fully realize themselves in, well, reality
But I've learned to see the benefits in the margins, in the possible. I can be persuaded some around welfare and military spending, but the kinds of 'infrastructure', both physical and mental, that Obama consistently points to as the right things to do, I am fully in agreement with. Funding basic research, funding of technology programs -military, space etc- the funding of roads and bridge maintenance, these things are important to the success of our entrepreneurs, even if these things allow them to outsource manufacturing