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: d.taggart who wrote (132245)	3/17/2001 11:59:20 AM
From: CYBERKEN	Respond to of 769670

In politics the successful ones are those who learn never to close out an option. The Dems under Clinton forgot that a few times, and thus are in deep trouble going forward. Consider their main arguments against the Republicans today: The election was "stolen": Besides the fact that there's no evidence whatsoever, continued digging will accomplish nothing but revealing massive voter fraud that resulted in, for instance, a near 100% turnout in the city of Philadelphia. Stop this machine-like fraud even by 20% (which will happen), and the Dems will hit a losing streak that will last the rest of the decade. Keep taxes excessive to "pay off" the national debt and "fund" Social Security: Never mind that the hidden agenda is to expand their power by spending all the money, the concept of "paying off" the debt and "funding" Social Security gives our economy the only real chance it has of re-creating the Great Depression in our time. While governments have no right to engage in the pension or insurance businesses-and the sooner ours is chased out the better-the only way for a nation to collectively "fund" anything, or minimize its debt, is to outgrow the obligation. The only other choice leads to depression, that won't go away until bankruptcy clears the obligations instead. History has shown this so many times that one has to be blind not to see it. The growth necessary for us to cover future obligations can only come about through massive tax cuts aimed entirely at capital formation. The ideal tax bill would eliminate all taxes on capital gains, interest, dividends and corporations (a hidden tax, paid only by individuals). In this sense, the Bush tax bill is deficient, but it's today's game, so that's what we discuss. Unless the economy turns on a dime in the next two months, the administration is positioned for either of two results: 1) Full passage of the Bush plan, but completely retroactive, and with capital gains breaks added. or 2) The establishment of the liberal Democrats (and a few Republicans) as the very visible cause of the coming recession, through their efforts to destroy tax relief. My own opinion is that most of these liberal politicians are too smart to get caught in that trap, so they'll go along with the tax relief.