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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (8273)	12/6/2001 10:09:03 AM
From: jttmab	Read Replies (1) \| Respond to of 93284

Cato has argued that the '80s recovery was not a Keynsian recovery, but a supply- side recovery, because the inflation rate decelerated during the period. If it were a demand led recovery, prices should have been bid up, exacerbating inflation. Instead, it was a supply led recovery, due to innovation, and improved efficiency and productivity. If that is so, the main stimulus was through tax cuts and deregulation, not deficits. A Trillion dollars had to go somewhere. And a lot of it went into Defense spending which has it's inevitable commercial spin-offs. And I know I got my largest raises in the military industrial complex during those golden years. We talked earlier about innovation I think. Look at the cycle of innovation. Did Reagan happen to be lucky and be at the beginning of a new generation of innovation? Technology innovations were there at the time he entered office. The Leahy/Ashcroft festivities have begun. Starting off with the traditional we all love each other and our country stuff. jttmab