Current Events — HabitableZone

Current Events » in reply to Re: The face of desperation...

The face of reason

Why no comment by any of you guys about Daschle's proposed TAX CUT for corporations to increase hiring? Obviously tax cuts are "better" for you when coming from republicans but denial of facts does not make them go away.

Clearly, long term rates should have gone down after 10 short term rate cuts by the Fed last year unless there are other factors the market fears. One reason they wouldn't go down is if there was skepticism in the market about fiscal responsibility and how much borrowing the government would be doing over the long term. Anotehr reason could be fear of inflation. I think the flat nature of the long term rate is most likely a response by the market to both fears and thus I give credibility in part to Daschle's views that the tax cuts over the long term are affecting the long term rate, which is of course choking the economic recovery.

Disagreeing with the preisdent doesn't make Daschle "evil" you dorks.

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