Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (44627)	10/10/2000 12:59:54 PM
From: chomolungma	Read Replies (2) \| Respond to of 769667

When Alan Greenspan raises interest rates again to stop the inflationary effect of Bush's tax cut you'll end up losing money.......especially after the recession it triggers. Ooops, I think you've forgotten your liberal manta. "Bush's plan favors the rich." Remember? The rich have a high propensity to save compared to the low-income taxpayer that Gore's plan supposedly favors. To be consistent, you'd need to argue that it's Gore's plan that will increase demand and hence inflation.

To: Patricia Trinchero who wrote (44627)	10/10/2000 1:17:46 PM
From: Neocon	Read Replies (1) \| Respond to of 769667

The tax cut is not inflationary. There will be no more money in circulation due to a tax cut. There will be no marked increase in aggregate demand due to a tax cut. The increased taxable revenue is in line with GDP growth, and therefore non- inflationary. It merely represents a normal increase in demand as a result of prosperity, and in line with productivity.........

To: Patricia Trinchero who wrote (44627)	10/10/2000 1:20:22 PM
From: Neocon	Read Replies (1) \| Respond to of 769667

By the way, Milton Friedman has calculated that the growth in the money supply must roughly follow GDP growth, or there will be a deflationary effect that will cause a recession. If Alan Greenspan does what you say, he is likely to cause a recession.......

To: Patricia Trinchero who wrote (44627)	10/10/2000 1:39:42 PM
From: Joseph F. Hubel	Read Replies (2) \| Respond to of 769667

Using your logic, we should assume a tax INCREASE would be the best thing for us. Just in case you are interested, excessive deficit spending by the Fed. government is the single biggest contributor to inflation and high interest rates. You also overlooked JFK's tax cuts which increased the treasury's tax receipts yet inflation remained level or went lower. A win, win, win result. Just what is it that you think the Gore camp will give you. JFH