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Politics : Formerly About Advanced Micro Devices
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To: Les H who wrote (615838)6/12/2011 12:44:03 PM
From: i-node  Read Replies (2) of 1582654
 
>> Corporate income tax receipts made a round trip equal to about 2% of GDP (graph looks like the real estate bubble)

There is one solution only to this problem: Consumer confidence.

And you can't have consumer confidence when consumers see their government borrowing and spending hand-over-fist and half a trillion a year of our wealth being shipped overseas for gasoline. The stimulus, which overnight increased our debt by 8%, was the biggest economic blunder I've seen in my lifetime. The incompetent energy policy is the second biggest.

The idea of a "managed economy" has [once again] been disproved.
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