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

To: Neocon who wrote (232946)	3/4/2002 10:09:39 AM
From: E. T.	Read Replies (1) \| Respond to of 769670

I hear new economic data shows that big business is investing less and that growth in the economy is happening because of consumer spending. Is that the trickle up theory, seeing as nothing is trickling down?

To: Neocon who wrote (232946)	3/4/2002 10:13:14 AM
From: E. T.	Read Replies (3) \| Respond to of 769670

"Many people are surprised to learn that "conservative" does not necessarily equate to "supply-side" economics. The difference lies in spending. Mainstream conservative economists generally believe that tax cuts should be accompanied by spending cuts -- that is, fiscal responsibility. Supply-side economists believe that taxes should be cut -- period. Spending cuts and deficits, they believe, are not important considerations. The 1980 supply-siders claimed that the growth resulting from tax cuts would be so great, and the total tax collections increased so much, that America would simply outgrow its deficits. This did not happen, of course. Growth in the 80s was no greater than growth in the 70s, as the statistics here will show. But the national debt nearly tripled under Reagan." korpios.org