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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (206660)	10/15/2004 12:32:18 PM
From: i-node	Read Replies (2) of 1573447

No, it's anecdotal. But, anecdotal from LOTS of people that I know, that I hear from... I'm guessing you haven't studied statistics yet (or, perhaps it isn't your strong suit); obviously anecdotal means ZIP. Nothing. Even if you heard it from your 1000 best friends. >> How far does $1000 bucks go today? That's a red herring. It goes how far it goes. But the fact is that Bush has been directly responsible for the working poor and middle class keeping MORE OF THEIR MONEY. The liberal lies that the tax cuts targeted the wealthy. And if you know a damned thing about economics there is no doubt in your mind that the stemming of the Clinton recession was driven by Bush's tax policy. Keep in mind that there's more than one school of economic thought, and none has been "proven" 100% completely true. There's Keynesian thought, new classical thought, monetarist thought... they teach all of them in school, not just one. Why? Because it's not as cut-and-dry as some would like us to think. Well, it is a fact that economists are known for their inability to draw workable conclusions. But it is inescapable that tax cuts work to reduce the effects of the downturns in the economic cycle. There is simply no doubt about this. It is known fact. The reality is that it IS pretty cut and dried in many respects -- just as the theory of physics and other disciplines is. You certainly can't apply the economic theory of a pre-global economy to today's economy. But certain fundamentals like supply and demand always hold true in our world economy. Tax cuts help stop recessions. We know this. Not from economic thoery, but simply from the fact that you can't argue with success and we've seen economic messes cleaned up time and again with tax cuts.

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