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lol par deux

1)The economy:
WRONG ? you talk about Rate Increases to ?slow down? the growth in the economy which is ABSURD. Why would any rational human being want to ?slow down? the economy. Rate Increases are used to curb INFLATION. Then you talk about W's miraculous tax cuts in the same breathe you talk about the housing boom ... they had NOTHING to do with it. The houseing boom is in direct correlation to rate cuts by Greenspan down to if memory serves 1% (lowest in the history of our country). When you have rates that low guess what happens, people borrow money for construction (i.e. Housing). Don't spin wild tales about tax cuts being the cure-all for everything, supply-side economics doest not work as a general rule all it does is shift money from the middleclass to the wealthy that's a known fact.

2) AGAIN WRONG: the dot-com bubble as it's now called began to crash with the advent of ENRON's implosion in October 2000, it takes 6 months for economists to verify and confirm that the market is in a state of recession. Greenspan didn't RAISE RATES ... he cut them in direct response to the recession triggered by the purposeful and planned energy crisis brought onto California the SEAT of the information age explosion of the 1990's. It may have started before Bush was elected but officially the recession is on HIS WATCH. No the bubble did not precede the shannigans brought on by ENRON they are a direct effect of the cause of ENRON manipulating the market. EVERYONE KNOWS THAT.
3) No it's supply side economics and you can't rename it to something more ?warm and fuzzy? just to suit your simplistic non-argument. It's the same thing as W calling himself a ?compasionate conservative? while in the very next breathe giving the orders as governor to execute a mentally handicapped man while on the campaign trail in 1999. Just because you want to call it something NEW doesn't make it so. By the way your argument of Investors keeping more dividends is the SAME THING that was happening in the roaring 20's ... EXACTLY and we all know where that ended up. Consumers do NOT have more money to spend the cold hard facts are ... wages have been stagnant for the last 6 years while costs in energy and healthcare have sky-rocketed ... lol what ?new? money have they to spend ... tax cut money I think not ... unless you happen to bring home more than a million a year your tax cut is almost nothing.

And oh NO we do not need more tax cuts we need to pay for our government NOW and not shift the IOU onto our children. Taxes are NOT far higher now ... they are far lower now for the champaign class then they've ever been while taxes for the middleclass ARE high. You espouse further tax cuts while poking yourself in the eye and calling that a good thing, it's hilarious. Tax cuts are one of the FEW things propping up this economy right now and everyone knows it. You just answered your own rhetoric, if the economy is ?so strong? as you've proclaimed then there is no need for further cuts and burdens placed on the young to pay for them. Usless programs ... sure lets start with the defense industry because that's what it is, it's got nothing to do with protection of the USA any longer, it's just a business.

Posted by: ka0sinc   Posted on: 06/01/06 You are currently: a Guest | Members login | Terms of Use

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