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Monday, January 26, 2009

Current Recession in Historical Perspective.

Notice today versus the last 10 recessions we have had since 1945. The damage to unemployment was turning up by now even during the harshest recessions. Not today....Click on the link below for some more highly informative visuals of today versus the 10 recessions since 1945.


derkp said...

What are your thoughts on the proposed payroll tax holliday? As A small business owner I love it but as potential benne of soc sec and medicare I am not so sure.

Randall Parker said...

I would not do it. Nor would I even think of uncapping Social Security. Dumb, Dumb, Dumb. Imposing a 15% tax on anyone now making more than $102K or whatever it is, is nuts.

Why not eliminate the corporate profit tax and end double taxation of corporate income?

derekp said...

Funny one day they are going to uncap soc sec and the next they consider eliminating the tax for 1-2 years.

Surely you not thinking about giving tax breaks to big corps and their naughty rich investors

Randall Parker said...

Yes I am. And stop calling me Shirley.