Rates don't mean squat, pdq... There are so many loopholes in the corporate tax code that almost any corporation can get away with paying no income tax...

When I was in business I set up an S-type corporation... My brother was half owner of a very profitable new car dealership in NoVa and he told me that I needed to get a "certain" tax accountant (name withheld for obvious reasons)who handled accounts of many NoVa "Dulles Corridor" fat cat corporations ... So I met with this guy with my books and without looking at them asked, "How much tax do you want to pay?"... That's purdy much the way the game is played... Any honest corporate tax accountant will tell you that...

The tax rate is a big joke... I'd like to see them bring it down to 10% and do away with all the loopholes... That way the government would get something outta the deal... But Exxon will counter with the $Bs it pays in taxes... Yes, it does... Just not on it's profits...

Yo Saws,

Check out where the money went... A big chunk went into tax cuts... Another big chunk went into shoring entitlements... The largest share, however, did go into infrastructure projects... When I was moving here to NC last summer I drove down Rt. 29 and I-85 and there were, count 'um, 4 major bridge rebuilds on the trip with big signs indicating that the money was from the stimulus... At least one is still going and people showing up for work and getting a paycheck...

I will admit that the Obama team got blasted by the TeaPublican PR noise machine and so the perception is that the stimulus was a failure... There's reason why the TeaPubs spent so much $$$ and energy on demonizing a very successful program... They wanted to win the White House back and did a great job on preventing a 2nd stimulus from even being discussed...

Any honest economist will tell you that a 2nd stimulus is desperately needed to keep the nation from going back into another recession... The TeaaPub economists know this... That's why the TeaPubs cheer bad news...

Even the single mother making $9 an hour with a couple kids knows that when times are bad, borrow and when times are good, pay it off...

Ain't rocket science... It's Econ 201... No, it's Econ 001 (remedial, on credit econ for bone-heads)...

B~