Originally posted by Lemonite:
I still am amazed at your reliance on such things as 'smiley faces' to try and emphasize a point other than using words..
Stop arguing like a little child and get to the point.
Anyways, Of course Bush has been saying that the economy was bad.. even before he was elected.. THAT's so the liberal media wouldn't be able to paint this recession as a 'BUSH' Recession..
It is always funny how the Bush family brings out the worst in economies. Reagan had two recessions himself.
We all know that the economy isn't that bad.. the recession is one of the smallest ever recorded.. but the liberals have never even been saying that. I'm surprised for you to 'switch' gears on us and say that now the economy isn't that bad, when All the liberals were saying that the economy was in terrible shape..
Please. Bush has been the one pushing for the mega stimulus packages, far more than is really needed.
Yes, it has been pointed out here before that the recession.. by all 'legal' terms is over..
I never read it being declared "over." As far as I know, we are still in one, but it is supposedly ending.
of course there's going to be aftermath, layoffs, reduced profits for a bit, but give it just a little bit of time, and it'll come back in full force.
Exactly. That's why these economic stimulus packages are unnecessary. "Time" is really all you need. For a bunch of businesses who cry and whine about the need to end government interference, they always demand corporate welfare.
Anyways, Tax cuts aren't just immediate things, the real effect won't be seen today or tomorrow, but again, in time, the difference will be noticed heavily...
You are right. The predictions are that Bush's fuzzy math won't add up and we'll be amassing a gigantic debt.
And the whole reason he cut them in the first place was due to the enormous surplus we had from the tax rates that were standing..
And the surplus is gone. If Bush had been smart, he would have suspended his tax cut until the economy recovered, rather than demand their permanance.
It was so ridiculous, and so he did what he was supposed to do... give the surplus back to those who created it...
"Those who created it." I love how we assume that "business" was the one who created the surplus. Have you
ever seen the breakdown of where the government's money comes from? For every dollar, about 50 cents comes from individuals, while 10 cents come from corporations. If he was really sincere with that piece of rhetoric, he would have sharply cut payroll taxes, rather than handing out money to the top 1% and big business. Business is nothing without the labor behind it.
I'm sure that that 10 cents will reduce to less than 5 cents by the time he leaves office. Then the next recession will come and business will demand their last five cents back as "economic stimulus." In the meantime, we'll be spending trillions on death lasers and an unending "war on terrorism." Then, as the baby boomers get older and need more money for Social Security and Medicare, we will only have two options: run at a severe deficit or raise taxes. Considering Republicans never raise corporate taxes, it will be us that take the brunt of the eventual tax hikes. It's only ironic that, during the "prosperous" 1950s, corporations paid 90 cents for every dollar of federal income.
The math just doesn't add up, and no business would reasonably take this much risk. Unlike business, which can declare bankruptcy as easy as stealing candy from a baby, it would be far disastrous if the same fate befell the American government. Look at Russia with the aftermath of the Soviet Union's bankruptcy. Russia is not projected to recover fully for at least another generation or two.
But we need those tax cuts, right?
Melon
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"He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time
[This message has been edited by melon (edited 02-17-2002).]