What the need to do is increase the age for social security. 65 isn't so old anymore. Oh and you can get rid of social security, as long as you are ok with letting old live in poverty. I'm not trying to be melodramatic. People would be outraged if this started to happen and we would end up paying for it anyway. Might as well get our money back now from these people.
The whole point of taxation is for government to collect revenue to run the government. As a result of the tax cuts, the revenue (money collected by the gov't) went up, not down (at face value you would think the opposite would happen) - because there is less burden on commerce & more commerce leads to more taxes collected - high taxes tend to choke the market. In this respect I would say it is a success. The failure is the lack of spending cuts.
DOW this, DOW that, the DOW is a measure of analyst confidence in 30 companies given weight based on how much wealth they currently possess. If a company with little stock value decreases by 1 but a company with high stock value increases by 1 the DOW shows a net increase.The DOW is an illusion, and a controversial one. It is a measure of the strength of the invisible market, convenient for convincing people that they have money they do not. How much of the DOW do you see in your pockets? How much of the DOW is a reflection of your net worth?Unless you invest, then ZERO! The DOW is not your money, it's not your job, and it's not your house. The reason people look at the DOW and say, "But the economy still sucks!" is because they turn their pockets inside out and moths go fluttering out.In the swirling morass of self-denial and self-delusion I place the DOW and Federal Interest rates up there with the Iraq War.You're better off looking at the S+P 500. Let's see...30 companies or 500 companies...hmmm...let me think about that.
Yeah, I took some economics classes. But I didn't see the part where they said that increasing the economic activity of a country by lowering taxes was good always and without exceptions.Sure, you can get better economic growth numbers with lower taxes (because of the reduced deadweight loss), but the job of a government is to use taxes as a tool to respond to its citizens' needs, as a whole. Since 1975, practically all the gains in household income have gone to the top 20% of households (direct quote from CIA world factbook). Roughly 2 out of 3 Americans favor establishing a universal national health insurance system over the current privatized system. Tax cuts don't exactly help fix either one. Don't get me wrong, I'm as much of a capitalist as the next guy, but I do think it's clear here that the Bush administration isn't even trying to respond to what the citizens want.
Guess what happens when Ford lays off 10,000 people? Their profit goes up, hence the stock price goes up. More to the point, less that 1/3 of the population are a part of the investor class. The other 2/3 have static wages and inflation to deal with. But to base the country's economic health on wall street alone is insane. Stocks are up...Big deal, the U.S. is like a company that makes $1,000,000 per year in revenue but has $1,000,000,000 in debt. That's healthy?
What no smart ass comments? Is it too many words for you Bushies? Come on boys! I thought you wanted to talk about what an economic genius of Bush. Have any of you been to New Orleans lately? Remember New Orleans? I work there and I can tell you that it is a s**t hole because George Bush and the rest of his gang that couldn't shoot strait could give a s**t. I am a dyed in the wool moderate. I used to like ideas from both parties. Now I think they all have their heads so far up the special interest's Hershey holes that none of them could give a damn about constituents. If you defend Bush then you defend failure. You better hope that we can do better than that assh**e and find a group of people who want to put this country back on track.
"I used to believe in trickle-down economics, until I saw my boss purchase a Gulfstream IV with his tax cut, while not allowing any salary increases over 3% for that year." Awesome quote from above. I'm sure he's not the only one.
You want better tax cuts? Then work and actually produce something of value to society other than big macs. These tax cuts will help you, ultimately, to help yourselves. These cuts help people create jobs and invest in the economy, which provide YOU with an opportunity to wean yourself from the benevolent tit of the nanny state. What the hell does it matter? Many of the libs would just spend any more money they got on weed, tofu, and hemp shirts. Save a little money, invest, and maybe you can enjoy this economy. I know welfare is easier, but still.
drdiggSep 28, 2006
What the need to do is increase the age for social security. 65 isn't so old anymore. Oh and you can get rid of social security, as long as you are ok with letting old live in poverty. I'm not trying to be melodramatic. People would be outraged if this started to happen and we would end up paying for it anyway. Might as well get our money back now from these people.
dcaptdvermnmeatSep 28, 2006
The whole point of taxation is for government to collect revenue to run the government. As a result of the tax cuts, the revenue (money collected by the gov't) went up, not down (at face value you would think the opposite would happen) - because there is less burden on commerce & more commerce leads to more taxes collected - high taxes tend to choke the market. In this respect I would say it is a success. The failure is the lack of spending cuts.
zenmojoSep 28, 2006
DOW this, DOW that, the DOW is a measure of analyst confidence in 30 companies given weight based on how much wealth they currently possess. If a company with little stock value decreases by 1 but a company with high stock value increases by 1 the DOW shows a net increase.The DOW is an illusion, and a controversial one. It is a measure of the strength of the invisible market, convenient for convincing people that they have money they do not. How much of the DOW do you see in your pockets? How much of the DOW is a reflection of your net worth?Unless you invest, then ZERO! The DOW is not your money, it's not your job, and it's not your house. The reason people look at the DOW and say, "But the economy still sucks!" is because they turn their pockets inside out and moths go fluttering out.In the swirling morass of self-denial and self-delusion I place the DOW and Federal Interest rates up there with the Iraq War.You're better off looking at the S+P 500. Let's see...30 companies or 500 companies...hmmm...let me think about that.
ziqueSep 28, 2006
Yeah, I took some economics classes. But I didn't see the part where they said that increasing the economic activity of a country by lowering taxes was good always and without exceptions.Sure, you can get better economic growth numbers with lower taxes (because of the reduced deadweight loss), but the job of a government is to use taxes as a tool to respond to its citizens' needs, as a whole. Since 1975, practically all the gains in household income have gone to the top 20% of households (direct quote from CIA world factbook). Roughly 2 out of 3 Americans favor establishing a universal national health insurance system over the current privatized system. Tax cuts don't exactly help fix either one. Don't get me wrong, I'm as much of a capitalist as the next guy, but I do think it's clear here that the Bush administration isn't even trying to respond to what the citizens want.
skeptictankSep 28, 2006
Guess what happens when Ford lays off 10,000 people? Their profit goes up, hence the stock price goes up. More to the point, less that 1/3 of the population are a part of the investor class. The other 2/3 have static wages and inflation to deal with. But to base the country's economic health on wall street alone is insane. Stocks are up...Big deal, the U.S. is like a company that makes $1,000,000 per year in revenue but has $1,000,000,000 in debt. That's healthy?
nixfuSep 29, 2006
>that he had a republican congress right?A VERY CONSERVATIVE one too...very fiscaly conservative that is with Newt etc.
shadoweSep 29, 2006
You also realize, that Clinton did not "Fix" the economy, he was handed a very strong Reagan Economy via Bush Sr.
tmgriggsSep 29, 2006
What no smart ass comments? Is it too many words for you Bushies? Come on boys! I thought you wanted to talk about what an economic genius of Bush. Have any of you been to New Orleans lately? Remember New Orleans? I work there and I can tell you that it is a s**t hole because George Bush and the rest of his gang that couldn't shoot strait could give a s**t. I am a dyed in the wool moderate. I used to like ideas from both parties. Now I think they all have their heads so far up the special interest's Hershey holes that none of them could give a damn about constituents. If you defend Bush then you defend failure. You better hope that we can do better than that assh**e and find a group of people who want to put this country back on track.
masgradaSep 29, 2006
"I used to believe in trickle-down economics, until I saw my boss purchase a Gulfstream IV with his tax cut, while not allowing any salary increases over 3% for that year." Awesome quote from above. I'm sure he's not the only one.
obkenobiSep 29, 2006
"What is the oppositions plan to reduce our debt?"Stop burning up $2 billion a week in Iraq.
libeaterSep 29, 2006
You want better tax cuts? Then work and actually produce something of value to society other than big macs. These tax cuts will help you, ultimately, to help yourselves. These cuts help people create jobs and invest in the economy, which provide YOU with an opportunity to wean yourself from the benevolent tit of the nanny state. What the hell does it matter? Many of the libs would just spend any more money they got on weed, tofu, and hemp shirts. Save a little money, invest, and maybe you can enjoy this economy. I know welfare is easier, but still.