Comments on: Blunting Obama’s tax cuts http://blogs.reuters.com/great-debate/2009/06/10/blunting-obamas-tax-cuts/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Benny Acosta http://blogs.reuters.com/great-debate/2009/06/10/blunting-obamas-tax-cuts/#comment-16482 Thu, 11 Jun 2009 13:43:47 +0000 http://blogs.reuters.com/great-debate/?p=3932#comment-16482 The government should have continued with residential stimulus instead of giving money to the banks. Businesses are the markets to make money. If they can’t sustain their operations then they shouldn’t be in business.

But instead of returning the tax money back to the consumer. Government bails business out and leaves the American family to fend for itself. Broke banks want you to pay them. Government wants you to pay them by taking your tax money.

If the consumer had been bailed out, mortgage payments would have been caught up with. Money would have been put back in savings. And banks would have had a much healthier consumer based to which to lend. But business searching for government welfare asked for and received money that should have gone to public social safety nets so that those at the top wouldn’t have to take any money from their own private reserves to fix their businesses.

The government needs to do it’s real job and invest in the American family. Bail them out. No bank is too big to fail. But even one family is too important to fail.

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By: Drewbie http://blogs.reuters.com/great-debate/2009/06/10/blunting-obamas-tax-cuts/#comment-16396 Wed, 10 Jun 2009 16:09:06 +0000 http://blogs.reuters.com/great-debate/?p=3932#comment-16396 I’ve seen before that Americans are paying down debt instead of spending on new things. Doesn’t that have the effect of raising capital for banks (and other creditors), which should loosen up the credit market, which is what this crisis is mostly about? Another large lump check seems like it would help out the economy more in the long run, instead of this plan, which doesn’t seem to help the economy ever.

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By: Craig Coal http://blogs.reuters.com/great-debate/2009/06/10/blunting-obamas-tax-cuts/#comment-16380 Wed, 10 Jun 2009 14:11:51 +0000 http://blogs.reuters.com/great-debate/?p=3932#comment-16380 I would just like to thank President Obama for a stimulus that allowed my family to go out for hamburgers in April and May. I don’t think anybody really noticed a difference.

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