Giuliani: Rescinding tax cuts on top 2% "takes money out of economy"

[Sparkly]

Does Giuliani even believe what he says? On Wolf just now, he said taking back the Chimp's tax cuts of the top 2% takes it away from the "private economy where it creates jobs" (yeah, right) and "recycles it through government where it's not needed."

So it's not needed for schools, for police, for firefighters, for roads, for paying down state and federal deficits, or anything else. It's needed by rich folks.

Does he even believe this?!!

[Cha]

1. Who knows what those hypocrites believe?

guiliani was not popular before 9/11 just like bush. they both made out like bandits over the tragedy of many.

[JI7]

2. giuliani is a racist and false hero

http://www.newsday.com/news/columnists/ny-nybres203810114may20,0,1491305.column?coll=ny-news-columnists

[napi21]

3. NO, it takes $$ out of the stock market!!!

When you have enough $$ to buy, and do the things you want to do, you don't spend more in the economy because you just got a windfall through a tax cut...you invest it in the stock market!

Money that goes into the economy mostly comes from those who are actually able to buy things they didn't have the money to do.

That's pretty easy to understand! I think most people do understand it too. What you are hearing now is the Pubs futile effort to protect that wealth!

[pbg]

4. the answer to that is...

"If your intent is to create jobs, why not then earmark it to create jobs--rather than give it to the rich and say 'do whatever you want with it', and hope and trust that they might eventually create some jobs?"

[kentuck]

5. I heard that !

It should be obvious to even people as limited as Giuliani that putting money in the pockets of the top 2% is absolutely the most ineffective way to stimulate the economy. Give it to the middle class and folks that will spend it. That is the way to stimulate the economy.

[Cha]

10. Didn't help reagun did it?

guiliani and the rest are recycling old Lies.

[K-W]

6. What a bozo.

Vodoo economics at its finest.

[oscar111]

8. Swiss bank basement, gold bars..

is where giving it to the rich makes it end up.

Versus, pay to more cops we NEED.

Was guiliani the one critized for mstreating the homeless in penn station, with cops mutinying at orders to mistreat hmleess?

[Cha]

11. Boo Boo economics.

[TreasonousBastard]

7. He believes it...

and believes it even more now that he's milking the public and his private clients out of millions.

That tax money the rich aren't paying is NOT put into the GDP-- it is simply being reinvested.

Very simply, the rich do not spend all of their money. The poor do.

Wealth is necessary for capital, but that's not the problem. We have suplus investment capital now-- what we need is demand to make production worthwhile.

King Rudy was, is, and always will be a self-promoting, arrogant bag of shit. He wasn't a very good lawyer, he was a dictatorial mayor, he's now milking his photo ops as a "security expert" and has no business talking at all about economics.

[markses]

9. Because all that money the top 2% is contributing to the economy

really has us taking off, eh?

Republican treasury-theft masquerading as economic policy is a demonstrated failure, again and again. Tax cuts do not work, period.

[sendero]

12. Another supply side moron...

... where do they come from?

[yorgatron]

13. they mentioned on the local news last night

retail stores (where families that make less than $200,000 per year would normally shop) are down in sales,but "high end" shops are doing just fine.

[Deja Q]

14. Or the military for that matter...

Giuliani is a twit.

[flpoljunkie]

15. Guilani Partners "Cashing In" on Drug Reimportation Scare...

http://216.239.39.104/search?q=cache:I-p1TjtKKLAJ:www.fda.gov/ohrms/dockets/dockets/04n0115/04n-0115-tr00004-041504.doc+Giuliani+Partners+making+us+safe+from+reimported+drugs&hl=en

Bernard Kerik, Kerik-Kerik, LLC
 

First, I would like to thank the task force for the invitation and the opportunity to make these brief remarks. The purpose of me being here today is to advise the task force that the former Mayor of the City of New York, Rudolph Giuliani and Partners has been retained to conduct an independent review of the safety issues related to the wholesale importation of medicines from outside the U.S. 

As many of you know, I am the former Police Commissioner for the City of New York and as of recently was a senior advisor for the Minister of Interior for Iraq and a senior advisory to Ambassador Bremmer on the reconstitution of Iraq’s interior ministry. Today, I’m the CEO of Kerik-Kerik, and we’ll l be working with the Mayor on this review.   

The review includes documentation, site reviews, and we are making every effort to speak to people and groups on both sides of the issue, including those who support it as well as those who oppose the importation. Although the review will be on-going over the next few months, we anticipate having some preliminary findings this month, and we would be anxious to share them with the task force, as well as others. We are quite concerned about the growing support for wholesale importation of drugs or the purchase of medicines over the Internet when there are clearly so many unanswered questions regarding the safety of such practices. There are many risks to the health and safety of Americans with respect to the importation of drugs from outside this country.  

more...

[indepat]

16. Rescinding the tax cuts on the top 2% puts money in the Treasury

thereby enabling the government to meet its present and, hopefully, future obligations should such piffles matter.

[Nikia]

17. It would be different if the money all stayed in the country

With more "American" companies shipping large portions of thier workforce overseas, any money invested in these companies is partially lost from the American economy. The top 2% invest a lot of money in these corporations. There are alternative ways to stimulate the economy whether it is giving tax cuts to lower and middle income people who will buy more things or give support to public services or give more support directly to small businesses, who keep more of the money in the community. Personally I'd like to see the government get out of financing businesses, but since they are already favorable to corporations, they might as well provide more help for smaller businesses too.

[Gregorian]

18. So why were the Clinton years so good? Huh? Come on!

Period. There is no argument. Just remember that one statement.