Sigh. Here we go again. First it was our capitalist society deemed gone as Newsweek magazine declared, "We're socialists now." This time - it's the death of supply-side economics, according to Newsweek Senior Editor Daniel Gross.
To sum it up, Gross declared tax cuts obsolete, a theory that only works on paper, in a time when employers come and go and institutions aren't stable like they once were. For his "Money Culture" column, in an article headlined "Tax Cuts Won't Work" posted on Feb. 13, Gross made that point using a Harvard professor, thought to have a secure job, as an example.
"Back in the day, and in many of the past episodes of postwar recession, the typical American worker resembled a Harvard professor-not in brains or wit, to be sure, but in the shape of her economic life," Gross wrote. "Many-not all, but a lot-enjoyed long, relatively secure job tenures, steady incomes, and generous employer-provided health and retirement benefits. But the economy has changed significantly in recent decades. And the circumstances that might prod our professor to start spending those tax cuts immediately might not apply to everybody else. The typical worker-white-collar, blue-collar, no-collar-doesn't have anything like tenure or a guaranteed job."
Gross admits there is something to be said about how efficient tax cuts are compared to other means of stimulus - but in this economic climate, times are different and psychology might result in a tax-cut recipient doing something other than stimulative spending.
The flaw with Gross' philosophy: He focused on tax cuts for individuals and not tax cuts for business - which, as a recent Detroit News editorial pointed out, are proven method of stimulating the economy.
"Tax cuts are proven to be far more reliable than spending programs for strengthening the economy. The Bush administration's tax cuts in 2001 kept the economy growing through the Sept. 11 attacks, two wars and Hurricane Katrina. Had Congress and the administration done a better job of monitoring the mortgage markets and Wall Street, those tax cuts would still be doing their job today."
Although Gross didn't offer an alternative to tax cuts, the rule of thumb often used by the Keynesians is that for every dollar of "stimulus" spent, x (usually an amount larger than a dollar) of stimulus occurs - the theory championed by Moody's Economy.com economist Mark Zandi.
Still, the tax cut method of stimulus is often dismissed as "tax cuts for the wealthy" or "tax cuts for big business." The United States has the second highest corporate tax rate of industrialized countries in the world, where there's plenty of room for tax cutting there - which would certainly lure international corporations to United States if that were cut.
The notion that a payroll tax cut wouldn't be stimulative, as Gross suggested in his piece that had him playing psychologist and not business writer - is flawed because he's assuming tax cuts won't work at all in this economic environment. However, Rep. Louie Gohmert said it would have a different effect recently, in a presentation of his Keynesian payroll tax-cut proposal at the Heritage Foundation recently.
"If everybody got everything back - think about yourself - if you'd got everything back that you'd spent so far into the government, in individual income tax and didn't have to pay anymore for the rest of the year, do you think you'd have a merry Christmas? Can you imagine the economy this year if you had that kind of ... there'd be cars bought, auto dealers, auto manufacturers bailed out by all the cars being bought, homes, buildings being built. It would be fantastic."
Editor at Large
Comments Policy
Newsweek is run by the DNC,
February 13, 2009 - 18:36 ET by rbosqueNewsweek is run by the DNC, they can't wait until we all live as slaves to the state.
I say we get rid of or drastically reduce the corporate tax. That's a good incentive to hire people and keep jobs here in the USA. It's small businesses that hire the most people, the gov't should get the hell out of our way and let us fix their screw-ups!
There you go again - thinking for yourself!
February 13, 2009 - 20:28 ET by Cape ConservativeYour suggestion makes TOO MUCH SENSE - no way something like that will ever be considered! Doncha know - 'the one' and his loyal followers Barney/Chris/Chuck all know what is best for us!
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
Since we are all socialists
February 13, 2009 - 18:44 ET by Red JeepSince we are all socialists now and tax cuts don’t work, why doesn’t the Government tax us at 100% and send us an allowance. All money is the government’s, no? That would make the Dems happy.
Whew!!!
February 13, 2009 - 18:45 ET by owlpelletsThat was close....for a bit I thought I resembled a Harvard professor in brains and wit. Nevermind......
Don't blame me....I voted for Palin...
What was that line they use
February 13, 2009 - 18:51 ET by USA4freedomWhat was that line they use to say in Russia, We pretend to work, and they pretend to pay us..
Ronald Reagan, 1962: I did not leave the Democratic party, the party left me.
Insert: your name, 2008, and the Republican party.
If there are any libs.
February 13, 2009 - 18:55 ET by obxrayIf there are any libs. reading this PLEASE!! tell me how tax cuts hurts anybody.For God sakes I am about to lose my freaking mind when I hear you libs say that tax cuts got us in a bad economy.HOW!!!!!!!!!!!? Every damn lib I have asked never ever has an answer.Tell me damnit how does putting more money in folks pockets hurt!!?Even if only the rich got cuts how does it hurt the economy? You libs are for sure the most non-thinking bunch of fools I have ever ever heard, seen, or just anything you people do.Bunch of cry baby gimme gimme gimme fool's.
Tax cuts do help. Just not
February 13, 2009 - 19:07 ET by guttermouthTax cuts do help. Just not enough. There's been nothing but tax cuts for the past few years and it just ain't working. Remember King George's rebates? Didn't exactly stop us from getting where we are now, right? Now stop freaking out already. I've never read an angrier post by someone who wasn't responding directly to another post.
-Damn lib aka non-thinking fool aka cry baby gimme gimme gimme
→ Yes, I remember
February 13, 2009 - 19:11 ET by Cool ArrowAnd it also was called a stimulus check. Don't try to tell us it was sold as a tax cut. Our memories are better than yours.
But since you're saying Bush's stimulus check did no good, how is it you believe Obama's welfare check will do any better?
Very true CA, it was a
February 13, 2009 - 19:21 ET by Scuba DudeVery true CA, it was a stimulus CHECK, which was nice to get but I would prefer a tax cut as opposed to a check, more money in each paycheck is better than a single one.
Whatever
February 13, 2009 - 21:09 ET by guttermouthIt's more money in your pocket. What's the difference if it's called stimulus or tax rebate? In fact, here's both:
http://www.foxnews.c...
Kinda proves your memory isn't so much better than mine after all, right Cool??
Now I'm looking...looking...looking... Hmm. I can't find where I said Obama's plan will work. I believe what I said was tax cuts help, but they're not enough.
Economic Illiteracy
February 13, 2009 - 21:28 ET by PopularTechThanks for proving my point, Bush's worthless "stimulus" didn't do jack. Stimulus spending has never worked in history, no country has ever spent their way out of a recession.
You are confused, tax rebates are one time refunds and will do little to nothing for he economy only permanent lowering of the marginal tax rates will have an effect.
Obama's plan is to issue welfare checks (tax credits) to people who did not pay any taxes. Those are NOT tax cuts and will have a NEGATIVE effect on the economy. Here so you understand:
Tax Rebates - One time refund (little to no effect)
Tax Credits - Welfare (negative effect)
Tax Cuts - Real tax relief (positive effect)
You are correct tax cuts are not enough, you need to reduce the size of government and reduce government spending. Absolutely nothing else will work. Do not confuse any new economic bubbles created by the Fed's inflationary policies in the next couple of years as a "recovery".
Keynesian Economics Is Wrong: Bigger Goverment Is Not Stimulus (Video) (Daniel J. Mitchell, Ph.D. Economics)
Instead of stimulus, do nothing – seriously (Robert Higgs, Ph.D. Professor Emeritus of Economics)
There Is No Santa: The Stimulus Spending Ruse (Walter E. Williams, Ph.D. Professor of Economics)
The amount of economic illiteracy is astounding, do you have any remote idea what is going on?
Carbon Dioxide (CO2) is Not Pollution
"You are correct tax cuts
February 13, 2009 - 21:52 ET by danebramage"You are correct tax cuts are not enough, you need to reduce the size of government and reduce government spending."
Even more than that, you need to eliminate government intervention in the free market. THAT'S what got us here. The perfect starting place: The Federal Banking Cartel--er, excuse me, Reserve. Kill it dead.
The problem isn't the size of government. It's the amount of government.
Elimination of government intervention in the free market
February 14, 2009 - 01:14 ET by PopularTechI agree.
Carbon Dioxide (CO2) is Not Pollution
One of your best postings, PT
February 14, 2009 - 01:21 ET by thebutlerdiditAnd I agree, too, of course. Have none of these people ever ran their own business? Or managed their own affairs? I just don't get why it is so difficult to understand.
All a Democrat needs is the upper-story window of public attention and the chamber pot of rhetoric. How else to explain the rise of Joe Biden? P.J. O' Rourke
Hell Pop
February 14, 2009 - 01:34 ET by RESTLESS 1I'd almost be willing, sheesh, more than almost, to let tax rates stay where they are if there were a Constitutional amendment to never raise the rates again, and limit govt. spending to the revenue that is brought in.
"This
liberal would be all about socialize -- uh, uh, would be about
basically taking over and the government running all of your companies."-Maxine Waters 2008
Huh? Tax cuts didn't work?
February 14, 2009 - 06:35 ET by JohnMcGrewTax Revenue 2003 = 16.5% of GDP
Tax Revenue 2006 = 18.4% of GDP
Seems like a pretty effective mechanism to me.
This coming from a
February 13, 2009 - 18:54 ET by Scuba DudeThis coming from a magazine bleeding subscribers and losing money. HA!!! I'm going to trust economic advise from a magazine with a poor business model. Get real. Newsweak is going to be looking for a bail-out pretty soon. I hope it is denied because right now they are not big so they can fail.
Gross Blank Point
February 13, 2009 - 19:13 ET by Jack BauerDear Lord -- what a SANCTIMONIOUS, ODIOUS PRICK. Talk about having your head up your own orrifice. To be sure.
This is what these people think of "workers." They ooze contempt for anyone who doesn't belong to their club.
Harvard, you may recall, is in such thrall to a bunch of crazed lesbians, that they booted out Larry Summers, for merely referencing empiracal scientific evidence as to why females do not excel in certain subjects.
That's the Harvard way. If you don't like reality -- try unreality. They all voted for Obama, of course.
I wonder if the effortlessly dim Gross could explain this -- if "tax cuts" are so useless, why the hell does HIS company employ so many high-priced lawyers and accountants to AVOID paying taxes?
Hi JB
February 14, 2009 - 01:28 ET by thebutlerdiditThey ooze contempt for factory workers, Wal-mart employees, the military, etc. They seem to think we are all on different tiers. I have heard this tired old canard way too many times. Though I might be willing to go through a Depression for a while, if that's how you get rid of the Ivy League idiot profs.
The reason that those liberal womyn got their undies all bunched up, is deep down they know old Larry is right. Most of them couldn't find their way out of a wet paper bag. Yet, because they matriculated in their ivy-league, upper echelon bubble, they believe they are Super Womyn! Makes me embarassed to be the same sex as these loons.
All a Democrat needs is the upper-story window of public attention and the chamber pot of rhetoric. How else to explain the rise of Joe Biden? P.J. O' Rourke
TBDI -- most men realize
February 14, 2009 - 14:43 ET by Jack BauerTBDI -- most men realize quite early on that women are superior to us malesin many ways, thank goodness.
But it is very odd that the people who are so obsessed with Darwinism (and I happen to believe the Theory of Evolution has NOT been disproved or falsified) cannot then accept that there are also natural genetic differences in the sexes that go beyond the most obvious.
Why, it's almost as if they ABANDON evolution at this point.
Those whom God wishes to mock, he first makes Politically Correct.
Women, not WOMYN are superior
February 14, 2009 - 19:41 ET by thebutlerdiditto men in many way. However, the opposite is also true. If people would just accept that it is great that we are different, and celebrate our differences. I am happy to be a woman and have the strengths and weaknesses God gave me. Oh, to live in a world where others felt the same! The "women's movement" did more to destroy the fabric of our society than anything I can think of. I detest the Steinhem groupies.
All a Democrat needs is the upper-story window of public attention and the chamber pot of rhetoric. How else to explain the rise of Joe Biden? P.J. O' Rourke
tbdi... Ditto. It has
February 14, 2009 - 20:00 ET by bigtimertbdi...
Ditto.
It has been sad to watch happen and live through in so many ways.
My sentiments are the same as yours.
Well, BT, it ain't a popular sentiment with the dumb masses
February 14, 2009 - 20:12 ET by thebutlerdiditI was born in 66. My mother is the strongest person I have ever met. She is 73 yrs old, and has never held a job, outside of the house. She left the backwoods of Alabama in the 50's, got on a big oceanliner, brought her two baby daughters, (my sisters), age 1 1/2, and 8 mos, and joined my dad, during his Army service. Her was based in France, and my mom taught her self to speak French. Most young women have no clue how hard that was. She had no education part high school, yet can race through any NYTs crossword puzzle in no time. She is the kind of women that are going by the way side, and it makes me sad. I live in an affluent neighborhood, have a college education, run businesses, and my mom is 1,000 times smarter and more wise. Women in our society need to go back, waaay back, and leave the silly claptrap that is fed to them these days alone. We are less as a people, than we have ever been.
All a Democrat needs is the upper-story window of public attention and the chamber pot of rhetoric. How else to explain the rise of Joe Biden? P.J. O' Rourke
tbdi
February 14, 2009 - 20:19 ET by sherylsimsWomen have been fed the lie for years that they can "have it all" when in reality, there is no reason they should want to. Having tried in the past to live up to all the goals the people in Hollywood, Madison Avenue and the Mainstream Media set for me, I can attest to the fact that nothing will make you crazy faster than trying to reach completely unrealistic goals. When I made the decision that my family would come before all else, I finally did "have it all". Maybe I didn't explain that right, but there is a really good book that addresses it called "Lies Women Believe" and right now I can't remember the author... but it is a great book for women.
tbdi... I'm about 11 yrs.
February 14, 2009 - 20:28 ET by bigtimertbdi...
I'm about 11 yrs. older than you...it has really been something else to live, watch, experience in my lifetime, my grandmother helped raise me on and off...she and I would talk about all of this as it was going on, of course I could say a lot more, won't though....it just really has been an intentional agenda from the left, and a very sad, big, mistake IMO....I knew it back then, feel the same to this day.
My great-grandmother marched in Illinois to give women the right to vote....well, I have different issues with that too that I have posted over the years here on and off.
It has become complete madness to me in so many ways to the detriment to women, not for the better. JMHO.
Thanks BT and Sheryl
February 14, 2009 - 20:36 ET by thebutlerdiditIt's a privilege to know WOMEN as smart and classy as you, both. I truly do think it depends on where you were raised, in what decade, where you went to school, what your parents taught. These are how we form the "who we are" narrative, and I feel very fortunate that I had the formation that I was given, and very fortunate to be the daughter of a real woman. BT, I am fascinated that your g-grandmother marched for voting rights. I have very mixed feelings about women and voting, but I would love to hear your thoughts.
All a Democrat needs is the upper-story window of public attention and the chamber pot of rhetoric. How else to explain the rise of Joe Biden? P.J. O' Rourke
tbdi... Yep, she did,
February 14, 2009 - 20:56 ET by bigtimertbdi...
Yep, she did, have her picture up on the mantle of her on one of the days she posed before the big march in Springfield I think it was....anyway, I get so aggravated listening to women drool over any candidate, whether they are good looking or not (in my eyes anyway) instead of knowing what their policies and beliefs are that I go through th roof when listening or reading about leftist womens views, just Clinton and O are two perfect examples....in fact it is infuriating, for me, it makes those women look stupider than stupid....which by the way they are.
I know how our Founding Fathers set the voting rights up, there have been times when I have said we need to go back to those, in some form or fashion, and yes, it does leave women out...(which will never happen) just private property owners were aloud to vote...in other words, tax-payers in a fashion, we need some kind of a test of some sort just to really qualify one to vote though, in my opnion....it is all now just getting to be nothing but outright criminal with the likes of ACORN, who we are paying, to go against our very Republic...let alone the illegal immigrants who are killing this nation....and the dems depend on to do just that...along with some RINOs for that matter. (one big reason you heard nada about this during the endless election BS...if we had a real conservative running, this would have won for us, by both sides of the aisle, along with Drill Baby Drill big time)
Something has to be done...and soon.
Btw...the privilege is very much mutual gal.
A little off topic
February 13, 2009 - 19:07 ET by FastEdbut coming from a Blue state, and surrounded by dopes, especially the ones "we" (no me) voted for, the following was submitted to Mr.'s Lautenburg and Manendez:
"I am deeply sadden that you, as my senatorial representative, did NOT do your job regarding this so called stimulus bill. Your job, sir, is to, in the very least, READ what you are or have voted for. To add insult to injury, you seemed to brag that this was case regarding this particularly bogus legislation. Therefore, since YOU did not do your job, I would remind you that this then is a fraud upon us, the people who pay your salary. In order to "pay" us voters back, I would suggest that you NOT collect a salary for the rest of your term. This suggestion is made, as a reminder that the rest of us, if WE did not do our job would be fired, and since the rest of us can't fire you until the next election, it would seem that the LEAST you might do, is stay in DC without pay - we know that you won't starve, again unlike us taxpayers, but as a measure of good faith you will forego your taxpayer payment."
- I firmly believe that a fraud HAS been made against us, and that a revolution is in order. It is time that the founders words be taken to heart, and we get rid of ALL professional reps. Could we do any worse than what we have now??
There is no sense in being stupid, if you can't prove it! - my dad V
FastEd - I feel your pain - writing to Kerry/Kennedy
February 13, 2009 - 20:23 ET by Cape Conservativebrings me the same results!
HOW DARE THEY VOTE FOR SOMETHING THEY HAVEN'T EVEN READ!
Again, off topic, having the two Mainers and one Penn traitors hasn't helped America much, either! May they all rot - how dare they go against their constituents' desires! Somehow, going to Washington seems to remove the awareness that they are OUR EMPLOYEES! It's just about pitchfork time!
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
→ Obama's Crack Relief program
February 13, 2009 - 19:14 ET by Cool ArrowObama's next move, after freeing up money to crack addicts, will be to loosen up the drug interdiction policies of the US, allowing the Cocaine price to reach affordable levels.
Gee, what a guy! Angry
February 13, 2009 - 19:25 ET by Clear thinkerGee, what a guy!
Angry American II
Making Fun of AGW http://giovanniworld.wordpress.com/
Might work, but look for unexpected
February 13, 2009 - 19:28 ET by FastEdconsequences - the price of munchies, handkerchiefs, and other "little" products will go sky high. Not to mention soda straws and really good, violent movies to follow, all with higher prices - can't wait.
There is no sense in being stupid, if you can't prove it! - my dad V
→ Another cottage industry
February 13, 2009 - 19:31 ET by Cool ArrowAnd all the wonderful kidnapings like they enjoy in Phoenix, will spread to cities throughout the Southwest.
Gotta be a reality show in this somewhere.
Maybe it'll be called
February 14, 2009 - 17:24 ET by FastEd"Who's in the Trunk?"
There is no sense in being stupid, if you can't prove it! - my dad V
That was unintentionally really funny.
February 14, 2009 - 19:45 ET by thebutlerdiditI don't know why, since it is a serious topic, but that cracked me up. As for the people who are being snatched and disappear DAILY in this country, when is the MSM going to finally cover this? When it gets in the dozens? Hundreds? Home Invasions, coming to a neighborhood near you!
All a Democrat needs is the upper-story window of public attention and the chamber pot of rhetoric. How else to explain the rise of Joe Biden? P.J. O' Rourke
We may need a demolib
February 14, 2009 - 21:30 ET by FastEdto get 'hijacked', probably by a "right wing wack job", who it will later turn out to be, a cousin of the "victim". Then the press, the cowardly press, will do a big story on all the past 'victims' and why hasn't the government done anything about it?
There is no sense in being stupid, if you can't prove it! - my dad V
~My 77 year old grandmother
February 14, 2009 - 19:55 ET by choselife3xJust got a new car on Monday. The feature she was most excited about was the escape latch on the inside of the trunk.
I must admit that struck me as funny.
In order to be pro-choice, one must first be born. Ah, the irony.
Just these quick glances at the NW covers bring
February 13, 2009 - 20:14 ET by Cape Conservativea chill up my spine! I made a copy of my refund check when I cancelled my subscription - every time I look at it, I get a great big ;-) Best decision I've made recently!
These people ARE the SOCIALISTS, not us! I predict they will soon be out of print.
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
We have nothing to worry
February 13, 2009 - 21:02 ET by nadadhimmiWe have nothing to worry about as long as we continue to chant:Obama is God, Obama is God, Obama is God, Obama is God, Obama is God, Obama is God, Obama is God, well, you get the idea.
Tax rate cut
February 13, 2009 - 21:45 ET by Joe C.Tax rate cuts work perfectly, the problem is that the government keeps spending more than the increased revenue brought in by the rate cuts. I would love it if we had a tax cut - less revenue to the government - that would be even more stimulative.
For What It's Worth
February 13, 2009 - 21:50 ET by kilrodA RESOLUTION affirming States’ rights based on Jeffersonian principles New Hampshire is working on the following state legislation “A RESOLUTION affirming States’ rights based on Jeffersonian principles.” This may be a little surprising to those in DC working feverishly to expand the powers of the Federal government. A friend in South Carolina sent me an email saying that he was personally embarrassed as a Southerner to have such a fine State's Rights position taken in the North while the South continues to kowtow to runaway federalism. My friend Charley wonders what Mr. Davis would have to say about this. As you know, they never tried him, for treason, after the war of Northern Aggression. And, as he said, this will all surface again at a later date. Turns out a number of states - other than New Hampshire - are considering petitions to Washington saying, in effect, if we didn't grant you power specifically in an area of governance, we're not going to take marching orders from you. Examples include Washington State, http://apps.leg.wa.g... Arizona, http://www.azleg.gov... Oklahoma (from 2008), http://disc.yourweba... and Missouri. http://www.house.mo.... New Hampshire's HRC 6 Seems that those doggone Constitutionalists up in New Hampshire are pulling Washington's chain again with a piece of legislation called HRC 6. Basically, the New Hampshire bill would tell the federal government to take a hike on matters where power has not been given to the feds. Specifically: "That any Act by the Congress of the United States, Executive Order of the President of the United States of America or Judicial Order by the Judicatories of the United States of America which assumes a power not delegated to the government of United States of America by the Constitution for the United States of America and which serves to diminish the liberty of the any of the several States or their citizens shall constitute a nullification of the Constitution for the United States of America by the government of the United States of America. Acts which would cause such a nullification include, but are not limited to: I. Establishing martial law or a state of emergency within one of the States comprising the United States of America without the consent of the legislature of that State. II. Requiring involuntary servitude, or governmental service other than a draft during a declared war, or pursuant to, or as an alternative to, incarceration after due process of law. III. Requiring involuntary servitude or governmental service of persons under the age of 18 other than pursuant to, or as an alternative to, incarceration after due process of law. IV. Surrendering any power delegated or not delegated to any corporation or foreign government. V. Any act regarding religion; further limitations on freedom of political speech; or further limitations on freedom of the press. VI. Further infringements on the right to keep and bear arms including prohibitions of type or quantity of arms or ammunition; and That should any such act of Congress become law or Executive Order or Judicial Order be put into force, all powers previously delegated to the United States of America by the Constitution for the United States shall revert to the several States individually. Any future government of the United States of America shall require ratification of three quarters of the States seeking to form a government of the United States of America and shall not be binding upon any State not seeking to form such a government; and That copies of this resolution be transmitted by the house clerk to the President of the United States, each member of the United States Congress, and the presiding officers of each State’s legislature.'
kilrod
Remember, only two defining forces have ever offered to die for you, Jesus Christ and the American Soldier
Hitler's News
February 13, 2009 - 21:52 ET by TN MomHey Newsweek: I am sure that 'back in the day' Hitler had news organizations repeat his talking points also. Just stop with the spin. We are not buying it, or your biased rag!
The real flaw in all of
February 14, 2009 - 01:01 ET by marvlThe real flaw in all of this is listening to a thumb-sucking journalist instead of someone with expertise in economics. It's equivalent to believing the tripe that Obama peddles: neither he nor Gross have ever accomplished anything in the areas on which they deign to pontificate. They are like the music critic, a parasite that cannot play an instrument, cannot write a song, yet would presume to tell us all whether or not a piece of music is any good.
To paraphrase Wm F Buckley Jr, I'd rather trust the economy to the first 500 visitors to a Walmart men's room than to the entire staff of NewsWeek. Or, for that matter, to the entire U.S. Congress.
big business
February 14, 2009 - 01:22 ET by goldboughWhen big business gets a large tax cut, they can hire people and buy equipment. That will surely stimulate the economy more than government deciding exactly which industries and where jobs will be created.
Newsweek
February 14, 2009 - 09:58 ET by TexndocNewsweek does what a lot of magazines do in the past when they're about to fold - send free copies to professional offices in their hope that you'll display it in the waiting room. I found I had a "free" subscription until June 09 - but put a stop to that immediately, not to their customer service department's surprise I gather from my three phone calls I've made in the past 6 months. Yes, they're having a hard time even giving it away.
They're right: Tax cuts don't work.
February 14, 2009 - 21:28 ET by CKA in Red State USAIF you're intent on destroying capitalism and printing so much worthless money that a wheelbarrow or two won't buy a loaf of bread.
So is Newsweak (that's how I
February 15, 2009 - 01:15 ET by TN MomSo is Newsweak (that's how I spell it from now on!), are they actually saying that if they were given tax breaks, it wouldn't stimulate them to hire people? People, who, with a steady income, would spend money and stimulate the economy?