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

To: ThirdEye who wrote (344285)	1/17/2003 4:17:15 PM
From: Neocon	Read Replies (4) \| Respond to of 769670

I see, so in your imagination "the rich" are going to take their money and put it in a shoe box under their bed? In the real world, they spend it, and it creates greater demand, and therefore jobs, providing income to those who might have to collect benefits, and generating taxes. Or they bank or directly invest it, in which case it is used to create or expand businesses, and therefore provide jobs, and create paychecks, and therefore generate taxes. Try Econ 101.......

To: ThirdEye who wrote (344285)	1/17/2003 6:44:37 PM
From: Baldur Fjvlnisson	Respond to of 769670

ThirdEye, given the war plans of Bush and the incredible costs of homeland security I think we can safely assume that he'll increase the public debt by 2 trillion dollars (by 1.25 T now through 2004). Meanwhile it costs several dollars in added debt to squeeze a dollar of GDP growth. The jokers in charge were as you know on their knees all through 2001 and of course last year too begging people to spend and buy cars and rack up more debt. Think they followed their own advice as their own finances were concerned? Now, after denying the existence of any recession it's one they "inherited". In 2001 while this hyping choir was whining on public America, households and businesses increased debt by 1.9 trillion dollars. Of course the consumer credit industry was ahead of the curve and bought themselves a new bankruptcy legislation in 2000. Happy campers paid for Bush's inauguration festivities.