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

To: Rarebird who wrote (717747)	12/11/2005 10:33:38 AM
From: Kenneth E. Phillipps	Respond to of 769667

when Big Daddy is gonna pull the chord and make all the babies grow up! Not in your lifetime!

To: Rarebird who wrote (717747)	12/12/2005 11:58:28 AM
From: DuckTapeSunroof	Respond to of 769667

"Sure, there is inflation. But inflation is great for equities." A highly debatable point. In the long run inflation destroys ALL stores of value --- and that includes equities as well. "Moreover, the Long Term Capital Gains Tax Cuts are great for equities." Tax cuts are ALWAYS good for the economy --- provided that they do not increase the deficit and thus interest payments on the national debt and thus inflation. (I.e., provided that wasteful or unnecessary spending or tax loopholes are concomittantly cut to reduce the growth of the government sector and not simply defer taxes but putting them on the 'national credit card'.) Debt increases of such a kind represent the politicians' FAVORITE tax increase... because 'bracket creep' will increase the government's tax haul, and the craven politicians never have to go on the record voting for said increase.