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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (24593)	10/17/2004 1:20:17 PM
From: TH	Respond to of 306849

MrGreenJeans, Maybe economists, like generals, are always fighting the last war. What technology, product, or service, is going to provide the engine for growth in the USA for the next 5-10 years? Homebuilding? Without that growth potential all the tax incentive in the world won't increase aggregate tax revenue. India and China might have that growth potential, provided someone can pay for their output. Good Trading TH

To: MrGreenJeans who wrote (24593)	10/17/2004 3:14:18 PM
From: GraceZ	Read Replies (3) \| Respond to of 306849

Thanks. I read his paper on why Americans work longer hours than Europeans. I agree with his assessment that the Bush tax cuts weren't enough and that the deficit is largely due to huge increases in spending. Kennedy was the first president to embrace tax cuts as a way to grow the economy, Reagan the second. In between most everyone else has rolled the tax rates up and increased spending. The compromises that W had to make to get his tax cuts through the Congress largely killed any chance that they'd have a large or lasting effect. Now we face the possibility that even those paltry cuts will be rolled back so we can continue the war on wealth that ultimately makes everyone poorer, especially the poor.