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Bill Kristol's three economic ideas for the GOP: "Cancel cap and trade ... Cancel the health care plan. Cancel the tax increases"

July 12, 2009 3:50 pm ET

From the July 12th edition of Fox's Fox News Sunday:

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Laura Ingraham repeats corporate tax rate canard

Previously:
Fox News' La Jeunesse ignores effective tax rate to claim U.S. corporate tax "second highest in the world"
Cavuto purported to "correct" Obama with corporate tax falsehood
WSJ ignored effective tax rate in claiming U.S. corporate tax rate "is higher than in all of Europe"

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    • Author by wolf kotenberg (July 12, 2009 4:20 pm ET)
      3 1
      Why not just cancel the USA and the voting System while you are at it ?? might as well walk the plank.
      Report Abuse
    • Author by bilbo_dies (July 12, 2009 6:04 pm ET)
      3 1
      Lets see; what do we know about Bill Kristol?

      The New Republic dubbed Kristol "Dan Quayle's brain"
      I really bet he has that one highlighted in his resume.

      He served as chairman of the Project for the Republican Future from 1993 to 1994
      Oh, and it looks like that project has worked out well.

      Kristol said the party should "kill", not amend or compromise on, the Clinton health care plan
      Nothing like that willingness to work with the opposition.

      A later memo advocated the phrase "There is no health care crisis,"
      Sure there isn't Bill. That is, as long as you are rich, a member of congress, or a CEO of any company associated with health care.

      So, I guess we can say that Bill is pretty much a partisan hack. I guess you could say that he is intelligent but; that doesn't mean that he has a lot of common sense either.

      Please forgive me for stealing from Wikipedia.
      Report Abuse
    • Author by ReasonAndResolve (July 12, 2009 6:06 pm ET)
      4 2
      How about this: businesses hire when the demand for their goods or services outstrip the supply. Give them more money and they will just put it in their bank accounts.

      Here is a plan for Kristol: try thinking instead of repeating the same old tired mantra of the Republican party.

      Right now, people aren't spending their money because they have a basic insecurity that is fed by all the doom and gloom BS coming from the right. Those folks with jobs are saving their money.

      Here is another plan: pay people more and they might spend more. Minimum wage has been so far out-stripped by the actual cost of living that it is ridiculous. Want businesses to do better? Put some money into people's pockets - but it doesn't have to come from the government, it should come from the fat-cats who suck money out of the economy. (The secret: the fat cats will actually get even richer because people will spend for their goods or services - and the government will collect more in taxes without having to raise tax rates.)

      Pretty simple stuff. Wealth has become too concentrated, so it has ceased to produce new wealth.
      Report Abuse
      • Author by skiploader1111 (July 13, 2009 3:11 am ET)
           
        In a nutshell, demand comes before the supply.

        Simply giving money to corporations does not cause them to create more jobs. Only when businesses see an increase in demand for goods and services to they increase in hires, material, and infrastructure. Without the increase in demand FIRST!, hiring new people, buying inventory, and building new equipment and infrastucture is actually a waste of money that they get from any tax cuts.
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      • Author by NiceguyEddie (July 13, 2009 8:25 am ET)
           
        The end result of supply-side economics can only ever be that wages will not keep up with inflation and the cost of living.
        Report Abuse
      • Author by NiceguyEddie (July 13, 2009 8:27 am ET)
           
        The end result of supply-side economics can only ever be that wages will not keep up with inflation and the cost of living.
        Report Abuse
    • Author by overmars jr. (July 12, 2009 6:56 pm ET)
        1
      Oh gosh, it's Mr. Ideaman! Hey, everybody!!! Come sit in a circle and listen to Mr. Ideaman, the man whose ideas are foolproof... erm... I mean, fool proof.
      Report Abuse
    • Author by maddymort7289 (July 12, 2009 7:11 pm ET)
      1  
      Bill Kristol and many other Republicans overlook the fact that business owners have as many employees as they need. If there are no customers walking in the door, employees will be laid off. A payroll tax holiday isn't going to make a difference to a business owner who doesn't have customers. Another common myth dished by Republicans is that jobs go overseas due to Corporate tax rates when, in fact, jobs primarily go overseas due to wage rates.
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    • Author by welterwill998306 (July 12, 2009 7:50 pm ET)
         
      Stop any attempt at slowing global warming, stop uninsured people who have sick children and terminal illnesses of getting health care"come on thats just cold",and stop tax increases that help pay for better schooling, better law enforcement, who do you think pays the people who come put out house and building fires"not to mention fires in texas,lol)well those people who torture the handy-capped children and sometimes kill em' ,i think their houses should burn. fox news is most sinister and depraved channel on t.v.. i'm sure satan keeps these anchors lives enjoyable,god help them when they face their creator.
      Report Abuse
    • Author by cugagcmu805031 (July 12, 2009 8:32 pm ET)
      2 1
      Bill,
      I stopped listening to you after the first time I heard you speak on teevee. You remind me of an old episode of The Twilight Zone in which a librarian was labeled "Obsolete" by the big-time leader because he was capable of independent thought. The leader thought that he was smarter than the librarian until the librarian locked him in the room close to the time of the librarian's death. Upon finding himself about to be blown up with the librarian, the leader shouted, Oh, God! Oh, God, let me out of here! He had forgotten how he had taunted the librarian about his religious beliefs and his occupation. He was later executed because the society discouraged religious beliefs. Bill, you are that leader. You shout loud and long to try to prove how smart you are, only to be proved wrong again and again. Seems to me you'd be weary of these little journalistic deaths by now, but I guess not b/c Fuchs Noose keeps giving you a platform. You are the phoenix of useless journalists.
      Report Abuse
      • Author by John Paradox (July 12, 2009 10:25 pm ET)
           
        RE: Twilight Zone episode: The Obsolete Man. Starring Burgess Meredith (who appeared in several classics), Friz Weaver as the Chancellor.
        On IMDB: Twilght Zone:The Obsolete Man

        Imagine if you will...
        Report Abuse
    • Author by blk-in-alabam (July 12, 2009 11:15 pm ET)
      1 1
      If we keep doing the opposite of what Bill Kristol Says everything will be ok.The only way you can cut taxes is to raise the earning level(skills) of people.Then people currently not paying taxes,began to pay taxes.This spreads the burden making overall tax cuts possible.Peolpe generall scream for tax cuts on their increased earnings.And that is the time to do it.Corporations do not pay taxes their customers do.Did anyone notice the record broken during this clip.Have you ever saw Laura Ingraham on tv that long with her mouth shut
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      • Author by ReasonAndResolve (July 13, 2009 1:00 am ET)
        1  
        While I generally agree with you, we will always need unskilled labor - especially in the service industries. A living wage for the entire workforce is the only answer that works. Profit should come after a living wage is paid to each employee. This would result in inflation in the short term, but it would ensure cash-flow for businesses and profits would increase over the long term.

        It'll never fly, but the best answer is a profit ceiling - in theory, this would satisfy capitalists while ensuring that workers are given a fair wage and keeping inflation in check.
        Report Abuse
        • Author by blk-in-alabam (July 13, 2009 8:39 am ET)
             
          Today even so called unskilled jos require some skills.It starts,and how far it goes is a matter of attitude.The bottom as best it knows how tries to immitate the top.For the past few years young people wanna be gang bangers,in your face attitude,don't need to learn anything.They were immitating the attitude and actions at the top on Wall Street,and the White house.So many young people can't read today and it is ashame.The attitude at the top is changing and I can see attitude changes from our young on the bottom.Many people don't realize but some of the most profitable and safest companies to put money in even today operate with a profit ceiling,utility companies.This is something that will probably only work with large companies.If you put in profit limits you would also need minimums to keep people investing.What has happened it the United States over the past 30 years is many compaines have been looted at the expense of workers and share holders.Leverage buy outs to get rid of get rid of competition when there's enough business for all.Selling off profitable divisions for short term gain,and selling parts of companies that act as safety nets to protect the rest of the company.General Motors was looted by its top executines in this manner.This is what workers and share holders need protection from. Inflation is not the bogie man for working people as it is made out to be.Think about this,you buy a house for $100,000,work 30 years to pay $200,000 for it with zero inflation,what do you have? A house you paid 2 for that's worth 1. Inflation is the only way most people primary will increase in value
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    • Author by sundvl83 (July 13, 2009 3:23 am ET)
         
      no thank you cap and trade - another bone for the envirofreaks and more expense to businesses and tax payers.

      no thank you nationalized health care - who's paying for that? i'm already helping enough families raise their 8+ kids that they can't afford b/c of welfare.

      no thank you new taxes - doesn't the govt have enough of our money? think about everything you buy in a day? how many times is there a tax amount on your receipt? why is that not enough? i'll tell ya why - b/c no one wants to "cap" spending on govt social programs or attempt to "trade" the old ones in for the new. it's just "keep everything, spend what we don't have, and put the price off on the ones who aren't dragging everyone else down with 'em."
      Report Abuse
      • Author by welterwill998306 (July 13, 2009 4:22 pm ET)
           
        so stall health care for americans, lower taxes that pay for law enforcement,schooling,firefighters, etc(stuff we have to have), and refuse to try and slow global waqrming(i guess you live on a houseboat). what a GREAT "PLAN"-GOOD ONE EINSTEIN.
        Report Abuse
    • Author by rwmacdonald2091 (July 13, 2009 6:26 am ET)
         
      Any chance of just canceling Bill Kristol ???
      Report Abuse
    • Author by blueline99 (July 13, 2009 10:56 am ET)
         
      What a moronic idea... Payroll Tax Holiday...
      No corporate planner is going to hire anyone because of a moratorium on payroll tax... what happens a year from now when the tax is reinstated?? A company is going to hire 1,000 people because they save on payroll tax??? please, any savings from tax relief are just going to their bottom line... companies are struggling.

      The reason jobs have left this country because of cheap labor costs overseas. LCD television technology is lost to Asian manufacturing along with many other things. One of the reasons that these countries have beaten the US is because the government subsidized the startup costs of their factories.

      The Stimulus package has grants for green technology that we can hopefully develop and keep in this country. We need to return to a manufacturing nation, but payroll tax isn't going to do that.
      Report Abuse
    • Author by blueline99 (July 13, 2009 10:57 am ET)
      1  
      What a moronic idea... Payroll Tax Holiday...
      No corporate planner is going to hire anyone because of a moratorium on payroll tax... what happens a year from now when the tax is reinstated?? A company is going to hire 1,000 people because they save on payroll tax??? please, any savings from tax relief are just going to their bottom line... companies are struggling.

      The reason jobs have left this country because of cheap labor costs overseas. LCD television technology is lost to Asian manufacturing along with many other things.

      The Stimulus package has grants for green technology that we can hopefully develop and keep in this country. We need to return to a manufacturing nation, but payroll tax isn't going to do that.
      Report Abuse
    • Author by shaggles (July 13, 2009 7:31 pm ET)
         
      Except the GOP can't cancel anything. They aren't in charge. You need to get used to that idea Kristol.
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