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Politics : John EDWARDS for President -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (409)	2/21/2004 6:18:46 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 1381

Do you give any credence to the Repub charge that Geo Bush Senior's tax cuts were the stimulus that resulted in boom of Clinton yrs? That's their charge but I always took it with a grain of salt. Sounded partisan to me. I always responded that if Repubs wanted to blame Clinton for other matters they had to give him some credit for the healthy economy. I don't know... this is such a complicated question... you and I are probably equally confused along with all the pundits. The only time trickle down theories ever worked in my view was in the Reagan years when we really did have overlegislation of the free market (airlines etc) and some really out of control unions and labor demands that resulted in inferior US companies/products especially auto and electronic. At that time the upper end tax bracket was 70% or something so it hardly made sense to even become an entrepreneur. But that was 25 years ago. By the time Bush I came in to office, the tax structure had already been skewed towards the wealthy and we were getting maximum value add from the upper classes, who needed to cut their taxes even more??? I really don't think trickle down has worked for 20 years. The democratic tax cuts which target the lower and middle classes really do stimulate consumer spending but even that is just spending growth by individuals going to walmart and what we need this time is US-based corporate investment so none of these "tax cut" cures seem like they will work, at least to me. The biggest problem I have with this repub admin (and maybe it was true with the last Bush admin too)- is that they are completely incapable of changing direction wrt policy when facts clearly dictate it. Bush't tax cuts didn't work the first time, why repeat the mistake and drain the treasury even more for NO benefit? These theoretical supply siders like Kudlow just can't admit that their theories are falling apart in the real world. Otoh the Clinton team seemed to be able to navigate through these waters, they handled the mexico crisis, the russian debt crisis and the asian flu all pretty well. The clinton team hardly ever made predictions that were way off to the upside or downside. Bush fires all his people like Lindsay that tell him the truth, I don't have any respect for that. BTW I wasn't falling all over the clinton team when they were in office, in fact I used to really dislike Reich. But I have changed my mind after these Bush people have shown me the alternative. Laura Tyson on cnbc one night seemed genuinely concerned about the working classes in the US and the erosion of their standard of living.