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

To: Neocon who wrote (435776)	7/30/2003 10:06:42 AM
From: gerard mangiardi	Read Replies (1) \| Respond to of 769667

There are many problems with the economy today. Two longer term ones are the exporting of jobs overseas and the fact that productivity has been rising at least as fast as output. Good economic policy should help us manage these trends in a way that doesn't leave too many people victimized. I don't see how any of the administrations policies do that.

To: Neocon who wrote (435776)	7/30/2003 6:48:29 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 769667

I certainly won't dispute that there are wiser ones here on the subject of economics than me. But I also have seen what has been going on the last 2+ decades. For one I watched Reagan cut taxes several times during his presidency. Then Bush got 4 years after Reagan's 8 years. It seems to me that the delay from tax cuts to economic growth was far too long to be able to attribute the growth under Clinton to Reagan's economic policies. Yet Cyberchicken wants to do just that. 12 years? I just don't believe that Reagan can be given the credit for the stock market rise and thriving economy under Clinton. I have to give Clinton the credit for the economy during his Presidency. There was a 4 year "Bush" buffer between Reagan and Clinton. That was just too long a delay. I don't think tax cuts stimulate the economy. There is not that much of a delay, not 8-10 years. It is also said by some that the tax cuts are inflationary. I already see evidence of that in the fact that interest rates are showing a tendency now to rise on their own. Isn't that a sign of inflation? If we were still in a deflationary cycle interest rates would still naturally want to fall.