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

To: Oeconomicus who wrote (504453)	12/5/2003 4:22:22 PM
From: sea_biscuit	Read Replies (2) \| Respond to of 769670

Yes, and the best way to do that is to trim the payroll taxes, which are applied to every dollar, starting from zero. Cutting taxes to the rich at a time of global excess capacity isn't going to cause any investment, for the simple reason that it makes no sense to invest when there is excess capacity. At best, it can create speculation (and looking at the ride back to the maniacal valuations of 2000, it appears that it indeed has) and whenever there's speculation, it is the little guy that gets screwed.

To: Oeconomicus who wrote (504453)	12/5/2003 6:57:45 PM
From: American Spirit	Respond to of 769670

Yes, make sure consumers have jobs and feel secure, then will spend and everyone up the revenue stream is happy. That's what we did during the Clinton years and it worked like gangbusters. Bush fixed what wasn't broken, reversed the flow and started the money at the top, pointed down. The idle rich don't necessarily hire anyone. The corporations would rather hire robots or computer systems to replace workers. And more and more of them are out-sourcing their work to third world countries, which means the jobs are gone to stay. That is the main reason the Bush economy is only good for a few, not many. Even multi-millionaires did much better under Clinton. Today's disappointing jobs numbers tell the story. After an 8% growth spurt no jobs? That is the Bush trickle-down policy in effect. Fat cats win, real people lose. Also, wages and health care benefits are down under Bush.