tag:blogger.com,1999:blog-2289595359432630118.post3264780488064321125..comments2024-03-18T04:36:26.547-04:00Comments on Paul Levinson's Infinite Regress: Obama Was Right to Extend the Tax Cuts to Everyone, Given November 2Paul Levinsonhttp://www.blogger.com/profile/07609987407926836519noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2289595359432630118.post-41150202548759005592010-12-06T19:46:09.947-05:002010-12-06T19:46:09.947-05:00Well, it might be the best course. But I don't...Well, it might be the best course. But I don't think tax cuts will do much good if spending doesn't get cut also. That was what the Repubs screwed the pooch on the last time around. They gave tax cuts, but then tripled the spending, which made the dollar less valuable due to the necessary eventual printing of more money to compensate for the economic strain, which rendered the purchasing power we would've had from the tax cuts obsolete (at least by a percentage). <br /><br />And all the fraud that went on in the private sector added insult to injury. <br /><br />And then came the bailouts. <br /><br />I don't think the American people are yet ready to forgive either party, especially considering the comments I've seen on conservative boards--the consensus appears to be that the Republican party has one last chance to regain their trust, and if they don't, the party is pretty much toast. And the more liberal folks I know are still pissed at the Democratic party's refusal to impeach Bush and end the wars. And some conservatives who've recently woken up to that certain information Naomi Wolf discovered feel so betrayed that they've either stopped voting entirely or have gone over to one of the third parties.<br /><br />Both parties are pretty much on thin ice right now. So they do need to compromise, but they need to compromise on the right things.<br /><br />The tax cuts are a good start, but that won't be enough for them to win back the people's trust.Scott M. Sandridgehttps://www.blogger.com/profile/03666832328754362756noreply@blogger.com