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sorry. you asked a question unrelated to the post you quoted.
the post you quoted is related to Qualitative Easing and actions by the fed.
Your question is budgetary in nature.
congress (the house actually) does initiate all federal spending and all tax related law.
Congress has zero impact on Fed policy. The President has little. however the President does appoint the Fed Chair with Senate approval. The current Fed Chair is Mr. Obamas pick.
As was Bernanke. The same guy who had just oversaw an epic failure on the part of the Fed.
NY just started this to try to bring back some business to NY...NY has more taxes than you can shake a stick at....
as soon as I retire, I'm getting out of NY before its too late
That was my point. They're hoping that by inviting businesses to come in tax free, the benefit will "trickle down" into the overall economy in the form of jobs. It's not rocket science.
That was my point. They're hoping that by inviting businesses to come in tax free, the benefit will "trickle down" into the overall economy in the form of jobs. It's not rocket science.
but businesses are not going to come...at least not a lot of them....
NY has too many taxes...and especially property tax is EXTREMELY high
There's monetary policy which is the Fed and there's fiscal policy which is controlled by congress. Obama didn't get the fiscal policy he wanted from congress. Lasts, Obama just appoints the Fed like the Supreme Court. They don't report and are independent of the president.
There's monetary policy which is the Fed and there's fiscal policy which is controlled by congress. Obama didn't get the fiscal policy he wanted from congress. Lasts, Obama just appoints the Fed like the Supreme Court. They don't report and are independent of the president.
He knows their positions and what they are likely to do before he ever appoints them. Besides, Bernanke had already been an epic failure at the job.
Obama DID NOT have to extend Bush's tax cuts either.
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