President Obomas' Economic Plan
money money money
Will It Work?
If you had any type of media on last night you heard the State of the Union Address. Now I don't know how you feel about want Pres. Obomas' ideas for recovery,but they scare me.
For instance, his idea to place a fee on the largest bank to recover bail out money. The banks have failed to make the loans they were supposed to. I feel the problem there is the fear of risk after the 'sub prime ' bubble burst. So how are they going to take more risk when they are paying big fees to the government?
And did I hear him say he would increase tax those making over $250k while reducing taxes on the others? What's to prevent those being taxed more from just leaving or relocating out of our country? Worst yet, why won't a few just lie about or hide their finances? Where will that money come from then (target on my back)?
What about his idea to pursue the Doha agreement. Didn't our Free Trade Agreement teach us anything? How many jobs will be "outsourced this time? Yes we need to increase our global trade, but shouldn't we have something to trade first?
You gotta love his ideas on education, but his way of helping education is to have our government pay for it in effect "socializing "our education even more than it is now. How long before the government begins to dictate how that money will 'educate us?
While I agree with many of the things he said in his speech, I have little faith anything more will happen than more of the express train to socialize our country.
- Doha Development Round - Wikipedia, the free encyclopedia
Explanation of Doha from Wikipedia
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