| Kasz216 said:
Because it's never happened the economy before. People used to give credit to FDR. However in reality, Kensyian economics didn't help there... even people who support them accept that now. Though they claim "FDR just didn't spend enough." FDR actually hurt private jobs by making so many public jobs and constraining private money.
Since Obama has pledged to not raise the deficit. This money is going to have to be paid for in some form of taxes. To do so, he's going to have to tax somebody. Now he can't tax the poor, and he promised to not tax the middleclass. So he's going to be taxing the people who already make jobs... the rich. He's going to be taxing people, to give breaks to those same people so they have incentive to create jobs. He's raising taxes on people... to give those people tax breaks... problem being, a lot of that money will be spent on administration... so it's not even a zero sum game. It's taking money away. Government can't create private jobs. Government can only get smaller so private people have more money for which to create private jobs with.
|
Or to put it another way:
