Jim says: [["To those who now despise me for saying that I could live with a transfer tax, understand, I do not want one. I do not favor higher taxes. Taxing trading would be bad for business.
But I am a believer that if we do not create jobs in this country we will fall horribly behind all others in the world. I think we will be doomed to permanently low growth, if no growth at all. I believe that it is incumbent upon everyone to sacrifice at this time.]]
Look Jim, fed state local sales taxes are close to 50% for many Americans -as you know. But the most important issue here is not even the issue of More taxes -the issue is the anti-capitalist thugs in the mode of obama van jones andy stern acorn seiu pelosi reid dodd schumer -who only collect money to funnel into the gov -who only spend money for democratic party payoffs such as gov jobs, union and congress gold plated health benefits, health benefits for illegals and those that never worked, … The control of America is in the hands of anti-capitalist thugs that have yet to create a self-sustaining private enterprise job.
The rest of the stimulus and tarp payback should be spent on nuclear plants and American resources natural gas and coal -and you get jobs, jobs, jobs, -and clear the way for our kids to have a future -instead of destroying the American dollar.
Sorry about the word thug, but what can I say -obama hate of capitalism is the same as hating America in my book. Capitalism made America and gave everyone in the world the dream of making a life -with freedom from the gov stealing it from you -or the gov controlling your life.
JayR
Jim Cramer right after the Obama 2009 stimulus bill was passed
A candid remark -the truth, shows up every now and then. The 2009 $1,000,000,000,000 stimulus bill was described by Jim Cramer as: [[“Does nothing to solve the housing crisis, nor anything to help unemployment, nor does it address the banking crisis. President’s stimulus package is a complete and utter betrayal and it is meaningless… There is nothing but pork in that thing… Travesty of a mockery of a stimulus package… Weakness from Washington -be careful of any stimulus, any infrastructure, any stock that you bought off of Obama, you have to sell it.”]]
Obama pelosi using the new 1-party gov of the US have passed the largest spending bill in US history (7 times the amount spent in Iraq in 2008). The Obama pelosi stimulus -falsely named stimulus, porkulus is more accurate -is clearly for payoffs to unions, growing the power base of the democrats, growing the power base of gov ownership and control, pork special interest projects, windfall tax money to pay mortgages for the ones playing the system, temporary tax credits, temporary tax credits, and more temporary tax credits (not tax cuts as Obama has always misrepresented or lied about).
A business must be able to plan a profit in the future to create new jobs and maintain existing jobs. How can a business invest? -when Obama has created an atmosphere of: No national security -giving terrorist lawyers with eric holder continuing to follow the Obama van jones mold of creating chaos and division in America, No tax incentive if the Bush tax cuts are not extended, More gov regulation and control, cap and trade or other energy taxes making the fixed costs of all businesses go up, and the Obama gov bankrupting the Country with spending on acorn, union, Obama campaigning, absurd mortgage buybacks, $100B to GM, unlimited $Billions to Fannie & Freddie, … JayR