Romney Whooped Him

[Phil Lilley]

Translation: The sequel is always worse

I don't share Romney's vision for what the country needs, but I think he did a better job articulating his position than Obama in last night's debate.

Fair enough.

I thought that's what he meant.

[moguy1973]

Lots of incorrect facts on both sides last night.

But I think that's part of a debates definition in the dictionary, who can spew the most incorrect information out the fastest so it sounds good but no one can notice its actually wrong.

[Justin Spencer]

Justin -- love the signature quote!

Can't deny the brilliance of Lincoln, definately ahead of his time.

[rfd515]

I feel Romney won in the fact that Obama gets caught up in going into way too much detail. The average American doesn't want to hear an explanation of supply side economics they just want to know if their taxes are going to increase.

Romney won because he played Santa Claus. The president should've pressed him on how exactly you can lower taxes and dump a ton MORE money into national defense all the while somehow magically lowering the deficit. Romney's answer is lower taxes on job creators create jobs which leads to a larger revenue base. But if that were true, considering how low taxes ALREADY are, we should be drowning in jobs. This conservative idea of supply side economics only works in a textbook vacuum. His entire premise is the same scam that got people into sub-prime mortgages, the idea that I'll buy things today in the hopes that I'll be making more money tomorrow.

[brittsnbirds]

JoeD - I'm not sure what you just said.

Well said lilley!! Just like the last 4 years, baffle them with bull$#@!

[Justin Spencer]

The fact is these guys can have all the problems figured out, but congress won't get anything done so the real problems won't get fixed. Democrats even got in their own way when they controlled congress, but I fear if republicans win both branches they could mess things up for a long time because they seem to be a united front. I'm still one of those undecided voters, if it wasn't for the environment and healthcare I might go for Romney. I just feel republicans are out of touch with the reality of man made climate change, and the fact that health care is a huge burdon on the economy and a driver of more debt. Each federal tax cut will result in local and state tax increases (for funding education for example), and cutting spending will also result in a loss of jobs in the short term. Each side can make their case sound good, but the truth is there are no easy answers, and change cannot benefit everyone.

Something no one talks about is how our increasing population paired with better technologies that make many of the old jobs obsolete has taken jobs from people and given them to robots and computers.

While in Jamaica I talked to our cab driver who said that they had imported a bunch of tractors and harvesting equipment for sugar cane. This took so many jobs from their citizens that unemployment went up and so did crime. Much of the agriculture there is govt. owned and they decided to get rid of the technology and go back to the old way which reversed that trend. Unfortunately that would just lead us to ship jobs overseas where it can be done cheaper. We must keep manufacturing jobs in the US, and somehow make it competitive pricewise.

[Feathers and Fins]

This is what most Americans do not understand about Taxes and why Business cannot grow and increase jobs.

Let us use 1.00 for simplicity; Company A needs to buy a product to build a commodity of the $1 they pay a tax of 9% on that item they are now at 91cent.

They require someone to pick up the product and it takes 1 gallon of gas so they now have spent another 18.4 cent so they are now at 73 cent

They must pay the employee taxes work comp etc. for 1 hour at 15.3 cent. So now they are at .58cent

You must also factor in Overhead for office staff and paperwork of approximately .23 cent so now we are at .35 cent left out of the dollar

You now have to have the labor to use that part to make the product of another 15.3 cent. Now you are left of that original dollar 20 cent a company’s profit . These are real life numbers

But now you have the other cost associated with business, Warranty .5cent, Marketing .3cent, Maintenance .5cent, Unexpected cost 5 cent. Leaving the company a true profit for growth of 2 CENTS on the dollar, Total Tax on that dollar was approximately 80cents in all honesty. But a company must grow and it takes money to do that and at best case right now they us 18 cents of profit to grow! (I’m talking small business here the true backbone of a community and the countries growth)

But now we have a knew “TAX” called ObamaCare which we still do not know its impact but know it will add to this. Reducing Taxes will help and tax credits to small business will help. But the politicians can talk all they want the truth is until they do something to lessen the cost of living on the American people and lessen the tax burden on small business in a meaningful way than all that will happen is a continuing of the current economic situation we are in. They can manipulate the math all they want but if you honestly do it and factor in business growth it simply is not a realistic world they are living in.

If the government implemented a flat tax on the people and a business tax ( use a tax ID for this when buying goods ) that would be no more than 15% then yes we could see jobs growth and business growth where it would do the best good for the Nation as a whole. But they ( the government would also have to cease entitlement programs such as welfare! I am not saying completely stop it but require for payment the person must have a job after ( for a number ) 6 months and the government would then match up to the cost of living line what they recipient is not making and this program would only be good for a maximum of 5 years and only good one time only.

There are many problems with this country right now and Jobs is the answer but with that answer must be accountability for those milking the system so you must have welfare reform as part of any tax/jobs package.

Wow did I get on a soap box.

[moguy1973]

There's a big problem with your logic though FnF. You are saying that this $1.00 product is taking an hour to produce. If that's the case this business needs to find a new product to sell. Lol.

Or if you are saying they are buying this $1.00 product to build something they are making then your going the wrong way with your math. The $1 item has 9% sales tax so it's a $1.09 product now. Then add on the .15 for the driver to pick it up. $1.24. You have to add costs/taxes to the item not subtract them. And that should all be added into the final price of the product being manufactured.

[Feathers and Fins]

There's a big problem with your logic though FnF. You are saying that this $1.00 product is taking an hour to produce. If that's the case this business needs to find a new product to sell. Lol.

Or if you are saying they are buying this $1.00 product to build something they are making then your going the wrong way with your math. The $1 item has 9% sales tax so it's a $1.09 product now. Then add on the .15 for the driver to pick it up. $1.24. You have to add costs/taxes to the item not subtract them. And that should all be added into the final price of the product being manufactured.

If I give you a dollar and tell you that you can keep whatever is left of it after you pay all the needed cost that is your profit you will quickly understand what I am saying. Contract is for 1.00 that is all you have to work with, you cannont go back and tell the client you need to add more to the cost they will hold that contract up to you and laugh.

[moguy1973]

If I give you a dollar and tell you that you can keep whatever is left of it after you pay all the needed cost that is your profit you will quickly understand what I am saying. Contract is for 1.00 that is all you have to work with, you cannont go back and tell the client you need to add more to the cost they will hold that contract up to you and laugh.

I totally understand where you are coming from but using just a dollar as an example is not practical.

Rising costs are a problem but are also pretty much a fact of life. And all the additional costs end up being paid by the consumer so big business can continue making year after year record profits. The little guy ends up getting the shaft in the end while the rich laugh all the way to the bank.