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The president is trying to please everyone, but he needs to take tough action to prevent the US economy's second freefall.

Portrait, economist Joseph Stiglitz, 06/15/09. (photo: JosephStiglitz.com)
Portrait, economist Joseph Stiglitz, 06/15/09. (photo: JosephStiglitz.com)

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+1 # Guest 2010-02-08 15:25
Most big corporations in this country pay little or no taxes, so the effective rate is one of the lowest in the world. If we banned the schemes of corporations to avoid paying taxes by opening offices offshore, and put a small tax on stock transactions, we'd have plenty of money to reduce the deficit while still being able to do a stimulus and jobs program, plus many of the other things this country needs. Trickle down doesn't work. Only trickle up works in the long run.
 

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