Nobel Prize-winning economist Tax Cuts

[LeBuick]

Nobel Prize-winning economist Paul Krugman says tax cuts would do little to help the economy. Infrastructure investments are the way out of our situation.

http://moneynews.newsmax.com/streettalk/krugman_obama_tax_cut/2009/01/20/173403.html

Nobel Prize-winning economist Paul Krugman is increasingly skeptical of President Barack Obama's modified stimulus plan and reckons that the Democrat should scrap plans to cut business taxes and instead spend more money to relieve consumers.

"His proposal for $150 billion in business tax cuts ... would do little to help the economy," writes Krugman in his column in The New York Times.

"Ideally, he’d scrap the proposed $150 billion payroll tax cut as well, though I’m aware that it was a campaign promise."

 

[just-want-peace]

Nobel Prize-winning economist Paul Krugman says tax cuts would do little to help the economy. Infrastructure investments are the way out of our situation.

http://moneynews.newsmax.com/streettalk/krugman_obama_tax_cut/2009/01/20/173403.html

Bolded mine

The builders also said the Titanic was unsinkable!:sleep:

 

[Revmitchell]

Oh well....that Nobel Prize should give him more credibility.

 

[LeBuick]

Oh well....that Nobel Prize should give him more credibility.

You mean it doesn't? I thought it meant other economist in the field from all around the world acknowledged the expertise and influence the person contributed on the subject. I believe this should give him some credibility over a person who took politics in school and was given a mic or a keyboard which made them an expert in all subjects.

 

[Bro. Curtis]

You mean "Former Enron Adviser" Paul Krugman.

Didn't Arafat win a Nobel Prize ?

Well, a broken clock is still right twice a day.

 

[billwald]

If I get a tax cut the money will not help the economy. And the rest of you?

 

[StefanM]

Tax policy is more of a long-term solution, anyway. Immediate relief must use other means.

 

[LeBuick]

Didn't Arafat win a Nobel Prize ?

Funny... His prize was for the negotiations at Oslo which theoretically went a long way toward peace. What backfired was the newly formed democracy elected Hamas. That wasn't his fault, he didn't what America wanted and brought them democracy.

I strongly believe some people/nations should be allowed to vote. Voting in Hamas is a good example of why I say that.