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Author: richieds Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1967209  
Subject: Re: Hillary! and the reset button Date: 12/9/2012 5:13 PM
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"Ummm, this thread has shown us that you're the one not willing to compromise. I don't think you understand the position we're in. And 1.9% is not growth. That's stagnation."

Put 10 economists together and you get 15 different opinions on how to fix the economy.
Yet, you know what has to be done. Great for you.

1.9% is not great but where are our trading partners these days? You do know we live in a global economy now?
Which companies earnings took the biggest hits this past earnings season? Companies with the most overseas exposure, right?

Do you really think we can grow at 4 or 5 % when most of our trading partners are in or near recessions?

As I've said before, the fact that we are growing at all is a small miracle. Economics is never an absolute and must always be taken in context.

"Riddle me this: how are
cranking up taxes rates on small businesses going to promote growth?"

Obama's plan would affect less than 4% of small business and many of those are businesses such as hedge funds.
This could have been corrected last year when Obama was begging for a tax hike compromise of any kind. If the threshold had been hiked as many speculated, then higher taxes would have affected far fewer small businesses.
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