Housing Economy Views and News 2/24/2010 – Bob Zartarian
Most would agree that to get Housing and the Economy back on track we need more demand and spending brought about by consumers with jobs and disposable income. After all, that’s what all that stimulus spending was supposed to be about.
How is it then that allowing the “Bush” tax cuts to expire and instituting Health Care reform which will add taxes for years before benefits kick in can bring back jobs and grow the economy? Don’t taxes take disposable income away from consumers and slow job creation?
Bob Zartarian – These views are strictly my own
Housing Economy Views and News 2/8/2010 – Bob Zartarian
How sad, less than two weeks of focusing on Job creation and were already back to Health Care Reform, something that has mistakenly had the limelight for a year. We’re also back to Tea Parties, the KSM trials and “Don’t Ask, Don’t Tell” that dilute the focus on Job creation. Important no doubt but not the priority that Job creation can and must be.
If the economy was strong we could deal with issues we WANT to tackle but they are unnecessarily taking the emphasis away from the NEED to create Jobs. As a country we need to distinguish between Needs and Wants. I’m fine with Reforming Health Care and debating those other issues but they are WANTS and not NEEDS (yes, there is already a way for the uninsured to get health care).
The statistical anomaly that recently brought down the unemployment rate at the same time as unemployment rose must be ignored. What we should be more concerned about are the tax cuts that will be allowed to expire at year end and the elimination of the program to buy Mortgage Backed Securities by the Federal Reserve in less than two months. The Congress and the administration must increase demand which will ultimately put people to work. Forget targeted stimulus – it has no lasting effect and is rife with waste and abuse. There are plenty of examples from the past year to prove that. Stop the plan to take more taxes from the American people. It may create a double dip recession.
The solution: reduce payroll taxes, reduce corporate taxes, eliminate capital gains taxes, keep the “Bush” tax cuts, eliminate the “death” tax and watch the economy “SNAP” back. Tax revenues will rise, we’ll be able to balance the budget and pay down the deficit and the country will recover. Let’s strengthen the employer class, put people to work and then address our WANTS.
Bob Zartarian - These views are strictly my own
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