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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: skinowski who wrote (273712)9/6/2010 7:53:23 PM
From: bentwayRead Replies (2) of 306849
 
Read today's Krugman. Borrowing and spending an amount that in today's dollars would be $30 trillion dollars is what pulled us out of the Great Depression.

Message 26802453

Unfortunately, it was to pay for WWII! Everybody was pulling together. After that, patriotic wealthy Americans were taxed at 91% until Kennedy slashed the rate to 71% in the early sixties.

truthandpolitics.org

But, that was THEN. What we'll have NOW is years of recession. The (R)'s have no answer, but they'll oppose anything Obama wants to try. He may grant them reduced taxes for businesses, as they Whitewater his administration.
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