Thanks Commando, I am glad you think I defended my point well.
The funny part: I don't really believe that we are going to a New Depression. Recession, yes. Longest, roughest in the last 50 years, yes. The good thing is that either party we elect is willing to look past ideology and look at the real accepted role of American Government.
Life, liberty, and property depend on a stable market (not necessarily stock market, I mean "the" market. Market failure correction and prevention are a role of government. I may not like it in my heart, but I know it's one of those things that just needs to be done some times.
Republican Tax Rebates saved the retail industry in the 2nd quarter. I'll admit it. But we needed a longer term answer two that would put money in the hands of the consumers, that wasn't a Republican version of a welfare check. They should have created some gov't jobs - instead of letting states cut payrolls they should have subsidized them.
Workers with money spend, and keep other people employed - making up for gov't spending by the third or fourth time it circulates.
When a big company gets a tax cut, the money is profit and is either used to by capital (products used to make other goods and services) or is paid out in dividends. This is okay too when the market is good, the company will invest in more product when times are good (putting the money back into circulation and increasing production capacity). However, when times are bad, that money would either stay in reserve or paid out. Either way the money just reenters the p2p markets and not the broader market of new goods and services.
Not including spending; assuming a balanced or low deficit budget:
Corporate tax cuts when times are good. Income taxes should go up.
Personal Income tax cuts when times are bad. Corporate taxes should go up.
I would cite regulation, but I know you will simply ignore it.
