Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (105015)	5/17/2011 4:23:10 PM
From: Jorj X Mckie	4 Recommendations Read Replies (1) of 224863

We tried that under Bush. It didn't work. A couple of points. 1. Bush is no longer the president 2. The economy is influenced by many factors To point number one. Bush spent like a drunken sailor. He is hardly an shining example of fiscal responsibility. To point number two. The economy was in a shambles when Bush took office. The bursting of the dotcom bubble had serious economic ramifications and pretty much immediately drastically reduced tax revenues. To try and offset the sudden loss of wealth, there were government influences to inflate real estate values. This lead to the mortgage crisis that we are still feeling the effects from. Simple logic and common sense says that reducing taxes has a stimulative effect. You can draw analogies with your own individual financial situation. Partisan talking points simply aren't going to solve the problems.

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