PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Peter O'Brien who wrote (347653)	1/25/2003 3:23:40 AM
From: Steve Dietrich	Read Replies (3) of 769670

<<Wal-mart and Southwest airlines have the LOWEST prices. They also have the largest SURPLUSES (i.e., profits) in their respective industries.>> So would you say if they lowered prices further, their profits would go even higher? Would zero prices yield infinite profits? In government the exact opposite of what you assert is true. Reagan cut taxes: revenues fell and deficits exploded. Clinton raised taxes: revenue soared and deficits virtually disappeared. Bush cut taxes: revenue is dropping and deficits are exploding again. A perfect correlation and the exact opposite of what you claim to be true. In fact Federal revenue grew faster under Jimmy Carter than it did under Ronald Reagan. And of course it grew much faster under Clinton than under Reagan. Your theory is severely lacking. Steve

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