Without starting a battle, just an observation.

[.... callchet ....]

The opposition to raising taxes in a recession is not based in logic. They say raising taxes will stop investments. I say that is incorrect. Raising taxes will spur investments. Right now all discretionary money is being save or stockpiled. Raising taxes will influence big money to find a way to avoid taxes. They will invest in tax free ventures, new companies, etc. Raising taxes will spur investments. Raising taxes is a paid for stimulus package. I think the President is proceeding on a plan of action formulated from before he announced his running for office. I think that he and his staff are overwhelmed by the catastrophic conditions that are getting worse everyday. I think he needs to stop everything and call an economic summit to review the course of action against a system that keeps getting worse at an accelerating rate. For example his plan to produce 4 million new jobs is only about half of the jobs that will be lost this year.
Raise taxes. Stimulate the economy !

[MichiganVote]

1. Taxes are the least of our problems at this point.

[.... callchet ....]

2. Raising taxes will put money into the economy.

The economy needs money badly, that is the whole problem.

[CJCRANE]

3. Yes and no.

Raising taxes puts money into the Treasury which helps reduce the deficit. However lowering taxes for the middles classes increases disposable income and so increases spending on Main Street which in turn of course helps businesses survive there.

[.... callchet ....]

4. I am talking within the context of the Presidents

plan of raising taxes on the over $250k and lowering taxes on the $250k and below.

[jwirr]

5. I think that will come but it will take a fight so it is not included in this

stimulus package.

[MichiganVote]

8. Taxes put money into the government, not the economy. There is a difference.

[barb162]

12. Yes, credit needs to be used, but it's only a small part of the problem

right now. If you offered a business owner a large loan right now, he or she might not take it as the person might see now as a bad time to expand and hire. Example, look at Bill Gates who is still busy firing American workers and offfshoring their jobs to India, even though Microsoft is making some very nice profits. This country needs to look at things like fair trade, outsourcing jobs, etc.

[OwnedByFerrets]

6. The problem, as I see it, is that an economic summit

would involve those who have NO idea what the average person is going through out here. Bernanke and his ilk has ZERO idea's for average americans because they have never had to live as most of us do.

[.... callchet ....]

10. That's right, those that can do something aren't hurting, actually they have never

had it better.

[barb162]

7. Raise taxes on those with AGI of over 200,000

as Obama suggested.

[.... callchet ....]

9. I

am talking within the context of the Presidents plan of raising taxes on the over $250k and lowering taxes on the $250k and below

[barb162]

11. Discretionary money in banks theoretically would be used for loans

so even if you have money in any bank account it would get lent/ circulated.