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Politics : Foreign Affairs Discussion Group

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To: michael97123 who wrote (158353)	2/22/2005 11:48:45 AM
From: jttmab	Read Replies (1) of 281500

Ask Trump. Would that be the same Trump that's working out the bankruptcy details for Trump Hotels & Casino Resorts. Or was there another Trump you had in mind for financial expertise? The Donald is probably pretty busy with his bankruptcy activities right now. We will never agree on this one. Actually bush used pure keynsian economics here even thought it was worded in Supply side lingo. I dont know why you dont get it. While I wasn't asked, I can tell you why I don't get it. Because your claim wholly ignores interest rates, improvements in productivity and for that matter...China and what Chinese imports have meant to the consumer, purchasing and the economy at large. I can see the effects of lower interest rates with home refis and home construction. If virtually impossible to put nail down any association between the tax cuts and anything tangible in the economy. In particular the bulk of the tax reductions [in total $$$] went to higher income persons. And I think you would have a difficult time proving that there was any change in consumer spending at those levels or even where that money was spent. My first year tax cut was spent in Prague or maybe it was Barcelona, I can't remember exactly. Maybe you can tell me how Warren Buffet's spending habits changed as a result of the tax cut. Deficit spending is another matter and should churn dollars nicely in the economy if they are spent in the US economy. I'm not sure how you would demonstrate dollars spent in Afghanistan or Iraq helped out the US economy or munitions purchased from Israel and fired in either country helped, but go for it. I do know that when Ashcroft said everyone should have duct tape handy the factory in Ohio went to triple shifts to keep up with the demand. So that helped. There is little else than unsupportable claims that the tax cuts and deficit spending helped the US economy. jttmab

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