The last thing our economy needs right now is for the government to be taking more capital from the private sector and out of our economy. Really, raising taxes is not a smart move – on anyone, or any business. There is no justification for siphoning more money out of our troubled, capital-deprived economy – period!
Politicians who supported the behemoth bailout package – including the two presidential candidates – rationalized that the taxpayer bailout would quickly infuse much needed capital and credit into the economy – into the hands of “Main Street.” Things were stuck, the economic engine was clogged.
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October 29th, 2008
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