Saturday, January 19, 2008

Romney Win -- Everyone is rich for a month. Stimulus package works to crash the economy from shore to shore for sure

This money is going to grow on trees. - Romney Win Announced on Fla.-Bound Plane The $233 billion economic stimulus package Romney unveiled is more aggressive than plans offered by President Bush and rival John McCain.

The big-ticket item is a proposal to allow any business to write off 100 percent of all new equipment purchases for the next two years, retroactive to Jan. 1. It carries an estimated price tag of $81 billion in 2008.

In addition, the tax rate on businesses would be cut from 35 percent to 20 percent over two years, with the first 10-percent cut this year costing $51 billion.

Individuals, meanwhile, would benefit from a proposal to reduce the lowest income tax rate from 10 percent to 7.5 percent, which would cost an estimated $28 billion.
Beware of politicians with big cardboard checks. Ed Rendell is famous for this.

What is worse, politicians with bigger checks, hefty checks, checks that are measured against the GNP.

The stimulus package sounds good. It might sound great to the high-rollers in Las Vegas. They like to gamble.

Meanwhile, the payout is going to be in monopoly money.

Furthermore, its the economy stupid -- but -- only a fool would ignore the spending and still want to heighten the war all along.

In other news -- Ron Paul was in second place when I saw one news report. He was within spitting distance of 3rd -- but second is GREAT!

So, Fox News ignored the news of Paul in 2nd. It is so bad that I can't even link to it. Sucm.

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