Comments on: Weighing In: Basic Economic Principles and the Unemployed http://hpronline.org/online-only/hprgument-blog/re-basic-economic-principles-and-the-unemployed/ Harvard Talks Politics Sun, 20 May 2012 04:45:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Brenda Coffey http://hpronline.org/online-only/hprgument-blog/re-basic-economic-principles-and-the-unemployed/comment-page-1/#comment-4438 Brenda Coffey Tue, 27 Jul 2010 18:33:39 +0000 http://hpronline.org/?p=4365#comment-4438 Let's face it, the economy stinks. With only a small percentage of jobs available versus the number of people out of work, how can the minority party justify blocking the extension of these benefits? The governmentmay save temporarily by not extending unemployment benefits but if they do, they will be facing the bigger and more expensive problem of homlessness and the crime that follows. Let’s face it, the economy stinks. With only a small percentage of jobs available versus the number of people out of work, how can the minority party justify blocking the extension of these benefits?

The governmentmay save temporarily by not extending unemployment benefits but if they do, they will be facing the bigger and more expensive problem of homlessness and the crime that follows.

]]> By: Igor Sill http://hpronline.org/online-only/hprgument-blog/re-basic-economic-principles-and-the-unemployed/comment-page-1/#comment-3767 Igor Sill Sat, 17 Jul 2010 23:08:04 +0000 http://hpronline.org/?p=4365#comment-3767 Simply stated, the US economy continues its downward spiral because we are no longer attractive to investors. The risk equation in the US is now greater and the returns lower. We are quickly dismantling our country’s growth engine with massive deficits, regulatory job-destroying burdens, increased governmental programs and costs, major tax increase initiatives, bailouts, export driven outsourcing, locked up credit, carried interest and capital gains tax uncertainties. All of these elements signal investor caution and exacerbate our continued high unemployment. Excessively high tax rates are actually counterproductive and result in de-incentivizing capital investments (key to employment growth), which in turn suppresses governmental tax revenues. Simply put, tax cuts are key to job creation. Job creation and low unemployment are key to consumer confidence. All of which are key to economic recovery. A prosperous economy is fundamentally all about job creation, productivity and consumer confidence. The Obama administration’s focus should be on initiating tax cuts, boosting mortgage interest deductions, cutting governmental spending, deploying additional stimulus spending so as to create jobs and get us on a path to a 3+% economic growth rate. Enacting those policies and governmental mandates quickly is the key to insuring our economy’s rebound and long-term success. Simply stated, the US economy continues its downward spiral because we are no longer attractive to investors. The risk equation in the US is now greater and the returns lower. We are quickly dismantling our country’s growth engine with massive deficits, regulatory job-destroying burdens, increased governmental programs and costs, major tax increase initiatives, bailouts, export driven outsourcing, locked up credit, carried interest and capital gains tax uncertainties. All of these elements signal investor caution and exacerbate our continued high unemployment.

Excessively high tax rates are actually counterproductive and result in de-incentivizing capital investments (key to employment growth), which in turn suppresses governmental tax revenues. Simply put, tax cuts are key to job creation. Job creation and low unemployment are key to consumer confidence. All of which are key to economic recovery.

A prosperous economy is fundamentally all about job creation, productivity and consumer confidence. The Obama administration’s focus should be on initiating tax cuts, boosting mortgage interest deductions, cutting governmental spending, deploying additional stimulus spending so as to create jobs and get us on a path to a 3+% economic growth rate. Enacting those policies and governmental mandates quickly is the key to insuring our economy’s rebound and long-term success.

]]> By: Will Rafey http://hpronline.org/online-only/hprgument-blog/re-basic-economic-principles-and-the-unemployed/comment-page-1/#comment-3497 Will Rafey Tue, 13 Jul 2010 06:01:49 +0000 http://hpronline.org/?p=4365#comment-3497 Well said, Sam. Well said, Sam.

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