Comments on: Paul Krugman: Responding to Recession

By: beau

beau — Sun, 22 Feb 2009 21:48:32 +0000

I think that Mccain would have been the end of our economy. He was nothing more than the puppet of his senior advisers.

By: RS Janes

RS Janes — Tue, 15 Jan 2008 00:25:26 +0000

Grim worte: “Since the rich pay most of the taxes, and provide jobs, isn’t it a shocking idea that they might stimulate the economy if given tax cuts?”

Grim, the rich have gotten enormous tax cuts over the past seven years and good-paying jobs are still being eliminated or flying overseas. I know of several people who were making $70K and up in IT; now their jobs are being done by Indians in Bombay and New Delhi earning $20,000 per year.

If you tied tax cuts to providing work for Americans, you might have something, but that’s not the case these days.

As a portion of their income, the rich also don’t pay most of the taxes — they have a top rate of 35 percent, but most rich people pay nowhere near that amount. After taking all of the tax dodges available for the wealthy, some pay next to nothing in taxes. The tax burden in this country is borne mainly by the middle class, and that strata of society is getting thinner every day — that’s why we’re in a recession heading to a depression.

By: grimgold

grimgold — Mon, 14 Jan 2008 15:06:45 +0000

I’m surprised Krugman doesn’t understand economic policy. Anyone with half a brain can see that the gush of dollars being added to the economy over the last few years is causing this recession. Proof of this is provided by the gold and oil price repeatedly hitting new highs.
Since the rich pay most of the taxes, and provide jobs, isn’t it a shocking idea that they might stimulate the economy if given tax cuts?
Krugman likes one of the hated rich, Hillary Clinton. Is that allowed?
Not one word about reducing the size of govt as a way to release money into the private sector, where the jobs are created.
Not one word about killing inflation.
I read every word. What a waste of time.