In The Midst Of Our Recession, Democrats Making America Less Competitive In The World Market

Proof • September 30, 2009

When it comes to global economics, the three most influential policies a country has over its stance in a world market are taxes, trade policies and labor costs. Taxes, in particular, are important when it comes to where businesses choose to do business. Obviously, all other considerations being equal, internationally-mobile companies are going to choose the friendliest tax environments they can find. Lower tax rates mean more business. Higher tax rates mean less business.
That’s a simplification, but generally it holds true.
Also, internally a nation’s taxes impact the strength and productivity of an economy. Economies burdened with higher taxes are less resilient because they carry more government overhead. Vice-versa for lower-tax nations.
Now, given these realities, this observation emailed in by a reader is pretty scary:

I just saw the Germany is working on dropping their top tax rate from 45% to 35% to stimulate their economy.
In the US, president BO is going to let ours go from 35% to 39.6% when the Bush cuts expire.

The reader is correct. German Chancellor Angela Merkel just won re-election and will be forming a coalition government with the nation’s resurgent and free market (by European standards) Free Democrat Party which campaigned on the very tax cuts the reader is referring to above.
So even as Obama and his Democrats dig our nation into ever deeper holes of debt, and put our economy on the path to shouldering even heavier tax burdens, our international competitors are undercutting us with better tax rates.
America is on its way down, I’m afraid, and the liberals seem to be gleefully minding the tiller.

Tags: Asshats, Domestic Issues, Politics

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For the record the Treasury is insolvent, that is why they call it a deficit. As long as China keeps our overdraft account open, we stay in business. If they pullout, a reputable commentator on CNBC last week said our interest rates would have to go 15-20% to get the real world to loan to USA, because technically we would be junk bond status. We borrow money to pay for loans coming due. Any credit counselor would tell you that you are broke if you do that.
Spartacus

America is on its way down, I’m afraid, and the liberals seem to be gleefully minding the tiller.

From the way it sounds, the ruling party has already rendered the FDIC insolvent. Can the treasury be far behind?
2Hotel9

“In The Midst Of Our Recession, Democrats Making America Less Competitive In The World Market”

That is all they have ever done, why would they change now?
Spartacus

For the record the Treasury is insolvent,

I hadn’t thought about it that way since we’ve been on the borderline since we chose to go from a creditor nation to a debtor nation in the ’70′s, excellent point. Although congress started us on the path of over extension in the ’60′s.
brain trust

The Liberal’s Golden Rule – We must all suffer equally!
http://www.bikebubba.blogspot.com/ Bike Bubba

The Liberal’s Golden Rule – We must all suffer equally!

But some of us are more equal than others.

The end of the Bush tax cuts is going to kill my family’s finances if they let it happen. Hopefully the GOP makes this very clear for the 2010 elections.
John Franklin

Merkel’s tax cuts are not set in stone, and if they were there would be a real panic to resolve the deficits mentioned here: http://bit.ly/4f03l4
http://www.bikebubba.blogspot.com/ Bike Bubba

U.S. GDP remains largest in the world.

Don’t worry, Woof. Obama is there to fix that problem!
2Hotel9

BB? You best get working on getting your money out of their reach, and fast.
http://www.bikebubba.blogspot.com/ Bike Bubba

2H9: how? You crush our economy, and you crush real estate, stocks, bonds, bank deposits….everything but gold and ammunition, and when worse gets to worse, I wouldn’t be surprised if they came after that, too.
studakota

Much is made of the French , and their ability to derive 80% of their energy needs from safe Nuclear power. But think of it, the French are not known for innovation, they usually follow sound logic by twenty years. Think,instead, of what this country could have, would have, accomplished in the area of Nuclear power, had the infamous words “Three mile island” not been used to scare the crap out of the dense volk. Bastard Luddites, like Nancy Pelosi, and before her, Jimmy Carter are responsible for setting our country back at least thirty years. Who knows, had our innovative scientists been allowed to progress their knowledge curve we might all be safely driving nuclear cars today. Navy personnel have been sleeping next to reactors for fifty years, believe me if a single sperm had been deformed, during that time, the media would have had a field day, but it’s never happened. And now we see these crazies shutting down a major farming region in Calif. over some stupid bait fish. How long are we Americans going to put up with this shit? Don’t you get it, these people are Communist sympathizers, they still believe that a form of Socialism is preferable to Capitalism, despite the appalling record of that “ism” over the years. We simply must do something, and soon. “Man the barricades”.
2Hotel9

Be a good citizen, BB, and let them have it. In sets of 3 and 5. And the occasional single, just to keep them guessing!
http://www.bikebubba.blogspot.com/ Bike Bubba

I am most certainly not giving them my gold! :^)
WOOFX

U.S. GDP remains largest in the world.

Switzerland tops the overall ranking in The Global Competitiveness Report 2009-2010. The United States falls one place to second position, with weakening in its financial markets and macroeconomic stability. Singapore, Sweden and Denmark round out the top five. European economies continue to prevail in the top 10 with Finland, Germany and the Netherlands following suit

Competitiveness

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In The Midst Of Our Recession, Democrats Making America Less Competitive In The World Market

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