In response to:

At the Fiscal Cliff I Cry "Jump, Jump, Jump!"

E1776 Wrote: Nov 13, 2012 8:55 AM
GWB and Republicans will be blamed as long as the Demoncraps hold power. The same as FDR did with blaming the rich and Hoover. It lasted from '32 until '45 when FDR died. The same fiscal policies, Keynesianism, were adopted then as now. The biggest difference has been the Fed's actions, tightening monetary policy then and grossly loosening policy now. Plus, we haven't been stupid enough to adopt Smoot-Hawley tariffs... so far. And back then the blame game was still played and re-played. Unfortunately, it worked back then and seems to work now.

The most expensive tax in the history of the world has been proposed by the Obama administration and to hear them tell the story, you’d think the rest of us should be grateful.

“We want to create a global minimum tax,” said vice president Joe Biden, “because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”

A global minimum tax is a tax on all profits made by nominally US companies that operate overseas. They operate overseas for various reasons, but one big reason is because corporate taxes are higher in...