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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (353468)	10/4/2007 2:35:41 PM
From: tejek	Read Replies (3) of 1578066

Your attacking someone else's argument, not mine. My point is simple. Federal revenue does not equal economic activity, and increases in federal revenue to not equal economic growth. There is some correlation between the two, but its not strong enough to make one a proxy for the other, esp. when you also have tax rates changing. So your argument that lower revenue (or a long time to get equal revenue) showing poor economic performance is faulty. The "tax cuts pay for themselves" idea, isn't relevant in this context. Let me see.......higher paying jobs are not an indication of strong economic growth; savings per capita is not an indication of strong econ. growth; overall job growth is not an indication of strong econ. growth; federal revenues are not an indication of strong econ. growth; personal income is not an indication of strong econ. growth. During the last three months you have pretty much knocked out all of the above as indicators. So.....if none of the above are any indication, how do you know when econ. growth is strong?

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