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Reply #1: Bailing out banks has not increased people's incomes. Bailing out banks [View All]

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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-19-09 06:45 PM
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1. Bailing out banks has not increased people's incomes. Bailing out banks
doesn't employ nearly enough people. This is especially true when the bail-out money goes overseas. The bail-out money was a waste of taxpayer money.

So is the War in Iraq. How much could our federal government save if it simply walked out of Iraq and took our troops with it? Halliburton does not pay taxes in the U.S. As for the Chinese and Indian companies that have taken Americans' jobs, why do we import or buy their products when they don't pay taxes and their employees don't pay taxes here? Free trade makes no sense at all if it means no means to earn money, in other words no jobs and no tax revenue. The results of the free trade movement has put our economy completely out of balance.

It is as if our entire country was falling off the side of a mountain and taking the world with it. Who were the idiots who sold the whole free trade idea to the American people? They did a serious disservice. Moderation in all things including trade policy.
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  -States in Deep Trouble Over Plunging Income Tax Revenues (Double "Yikes!" on this one) marmar  Jun-19-09 06:38 PM   #0 
  - Bailing out banks has not increased people's incomes. Bailing out banks  JDPriestly   Jun-19-09 06:45 PM   #1 
 

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