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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (126955)	7/22/2005 8:18:34 PM
From: carranza2	Respond to of 793696

Yes, timing is everything. I have no idea how the effects of our fiscal follies will play out, but the Brookings paper I linked sets them forth in what appears to be a more or less good chronological continuum. The Laffer arguments........make no sense at all. And continued belief in them only makes matters worse down the road. Bingo! Sure, there will be blips, like the one to which Bridge Player and Jochen referred, but the trend sucks. The long term prospects are not good unless policymakers take the bull by the horns and act honestly instead of in their best short term political interests. But as I will say and continue to say to my dying breath, 99.999% of pols are pond scum, both on the right and on the left. Very few statesmen of the FDR, Churchill and, yes, Reagan, stature. We need leadership and vision but all we get are sound bites. Oh, well, enough of the dismal science, off to the Bay Area for some well-deserved R & R. Don't worry, be happy......