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To: Buddy Smellgood who wrote (18116)2/11/2004 11:33:46 AM
From: tsigprofit  Read Replies (1) | Respond to of 48461
 
You are right Buddy. I voted for Reagan in 1984, and bought the theory. It failed completely.

Reagan promised you could have your cake and eat it too:

* Cut taxes
* Spend more on the military

And somehow the budget would be balanced.

Didn't work. Miserable failure economically.

Opposite was tried in the 1990s.

* Raise taxes on the wealthy.
* Restrict some spending (yes - Clinton's rate of spending growth was less than W's..)

Republicans cried foul, and promised that this would bring on a deep recession, and expanding deficits.

They did everything they could to block this.

But - it passed, and it worked. The budget deficit closed, then went into surplus. 22 million new jobs were created in 8 years. This was a great time for all - and everyone saw income increase in this time period. All economic groups, not just the rich (but the rich did VERY well under Clinton also in the stock market)

Two versions for our economy. 1980s or 1990s. Bush is trying to go back to the 1980s - which failed. We must get him out of office this year, before he ruins our country.

>>
I'm talking about Voodoo economics and the "trickle down" crap that failed so miserably.



To: Buddy Smellgood who wrote (18116)2/11/2004 11:58:31 PM
From: Chad Beemer  Read Replies (1) | Respond to of 48461
 
Can't you see how the trickle down economics has taken effect since we got a tax break. Those of us who are on fixed incomes appreciate having more money so we can use it to save and or purchase goods. Businesses can also use that extra money to increase inventories and or expand.

I personally enjoy older movies and even those that Reagan made that you call bad. They don't make alot of good movies anymore in Hollywood that are fit to watch. Mel Gibson had to fund "The Passion of Christ" as he couldn't find a major producer to do it. What shame we see today as Christianity is attacked throughout this country. Its sad when you understand this country was founded on those principles written in the Bible.