US Consumer Confidence level drops to 9-year low

[sandorski]

Originally posted by: mithrandir2001
If you want to improve consumer's confidence, put some money in their (our) pockets. Across-the-board tax cuts are always appropriate for cultivating growth.

That has already been done, to little effect. Consumers see corps laying off other consumers, continuing losses and disappointing profits from corps, a lagging stock market, and no leadership offering even a thought on the subject.

 

[Amused]

Originally posted by: sandorski

Originally posted by: mithrandir2001
If you want to improve consumer's confidence, put some money in their (our) pockets. Across-the-board tax cuts are always appropriate for cultivating growth.

That has already been done, to little effect. Consumers see corps laying off other consumers, continuing losses and disappointing profits from corps, a lagging stock market, and no leadership offering even a thought on the subject.

How quickly do you think a tax cut that takes years to fully phase in will affect the economy? The full tax cut has not even happened yet, and yet you call it a failure?

No matter what the government does, it will take years to have an effect on the economy. A tax cut, were it fully implimented the first year and even retroactive would take one full year to have any effect. A tax cut that is phased in over years will take those years, plus one more year to have any effect at all.

I ask again, what can the government do to have an immediate effect on the economy? I hear a lot of blame and a lot of griping about a "lack of leadership" on the issue, but not a single freakin' idea.

 

[Gonad the Barbarian]

I ask again, what can the government do to have an immediate effect on the economy? I hear a lot of blame and a lot of griping about a "lack of leadership" on the issue, but not a single freakin' idea.

Repeal the capitol gains tax. Not in a few years, but right now.

 

[Amused]

Originally posted by: Gonad the Barbarian

I ask again, what can the government do to have an immediate effect on the economy? I hear a lot of blame and a lot of griping about a "lack of leadership" on the issue, but not a single freakin' idea.

Repeal the capitol gains tax. Not in a few years, but right now.

Good luck.

 

[ElFenix]

consumer confidence is a self-fulfilling prophecy

"i don't think the economy is doing very well so i'll defect and stop spending"

well when everyone defects from the optimal position and stops spending (regardless of the fact that this almost had to happen due to all the consumer debt built up over the past couple of years) the economy tanks, and the vicious cycle continues.

 

[fluxquantum]

Originally posted by: Jellomancer
Why do you people complain about blaming Bush? No one blames Bush. America loves him. I think his approval rating is like 95%.

ummm...okay. where did you find that stat?

 

[charrison]

The economy grew at 3.1% this quarter. The DOW was up 11% for October.