[classicman]

Originally Posted by tw

add facts Kennedy's tax cut economic gain - harmful downturn spin myths ignore lessons money games revenge later Tax cuts bad numbers
Basic knowledge political agenda. Tax cuts economic wealth niave ignorant extremist propaganda.
directly traceable George Jr wacko extremists . Kennedy tax cuts revenge.
Obama talking truth lie? political agenda contradicts
GDP drop reach bottom keeps dropping Housing prices drop debt rises. Scary part
George Jr "Mission Accomplished" George Sr not dumb
Desert Storm taking revenge wacko extremist Vietnam, raise taxes, and economic incentives created stagflation.
economic pain directly traceable wacko extremists "Reagan proved deficits don't matter" Cheney preaching never learned Deja vue deny lessons tax cuts. taking revenge. ignorant naive bblame Obama. wacko extremists.

Maybe just maybe we need a little short term help to stem the tide of rising unemployment, reduced monetarycirculation, lowered production and falling housing prices. Maybe tax cuts do help - even if its in only for the short term to keep more people working and to buy some time. Just for the short term till the long term plan kicks in... Maybe?

China February Auto Sales Rise 25% After Tax Cuts

March 10 (Bloomberg) -- China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.

Sales of passenger cars, buses and trucks climbed to 827,600. The tally in the first two months rose 2.7 percent to 1.56 million, compared with a 39 percent decline to 1.35 million in the U.S.

China has halved retail taxes on small cars and drawn up plans to give out vehicle subsidies in rural areas to revive demand after auto sales rose at the slowest pace in a decade last year. Combined with the country’s wider 4 trillion yuan ($585 billion) economic stimulus package, the policies have caused General Motors Corp. to roughly double its forecast for China’s nationwide auto market growth this year.

“Consumers are regaining confidence because of the government’s stimulus policies,” said Ricon Xia, an analyst at Daiwa Research Institute in Shanghai. “Still, vehicle sales may fluctuate in the coming months.”

Passenger-car sales, including sport-utility and multipurpose vehicles, rose 24 percent last month to 607,300, the association said. In the first two months, the tally climbed 5.8 percent to 1.22 million.

Sales of cars with engines or 1.6 liters or less jumped 19 percent in the first two months. Their market share gained by 7.71 percentage points.

Rising sales and production cuts by automakers has caused the nation’s stockpile of unsold vehicles to fall to the lowest in two years last month, the grouping said.

Commercial-vehicle sales fell 6.9 percent in first two months as the sector received less government support than passenger cars, the group said. Truckmakers are now seeking similar stimulus plans, it added.