One of the hot-button political issues right now is the 2001/2003 tax cuts and the impact of letting them expire at the end of the year. Democrats have raised questions about the wisdom of sticking with the “economic policies of the past.” And it’s true – tax cuts are an economic policy from the past, but not in the way you might think. It turns out there’s actually a debate between Democratic presidents about just what these tax cuts mean for the economy…and in less than two minutes, this video highlights that debate.
Tag: Recession
Getting A Raise In These Times
Employee: Excuse me sir, may I talk to you?
Boss: Sure, come on in. What can I do for you?
Employee: Well sir, as you know, I have been an employee of this prestigious firm for over ten years.
Boss: Yes.
Employee: I won’t beat around the bush. Sir, I would like a raise. I currently have four companies after me and so I decided to talk to you first.
Boss: A raise? I would love to give you a raise, but this is just not the right time.
Employee: I understand your position, and I know that the current economic downturn has had a negative impact on sales, but you must also take into consideration my hard work, pro- activeness and loyalty to this company for over a decade.
Boss: Taking into account these factors, and considering I don’t want to start a brain drain, I’m willing to offer you a fifteen percent raise and an extra five days of vacation time. How does that sound?
Employee: Great! It’s a deal! Thank you, sir!
Boss: Before you go, just out of curiosity, what companies were after you?
Employee: Oh, the Electric Company, Gas Company, Water Company and the Mortgage Company!
Quote Of The Day
I modified Ronald Reagan’s original quote.
Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Obama loses his.
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