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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (313510)	12/2/2006 3:06:02 PM
From: bentway	Read Replies (1) \| Respond to of 1573682

dupe

To: Taro who wrote (313510)	12/2/2006 3:06:50 PM
From: bentway	Read Replies (1) \| Respond to of 1573682

"First he moved down along what they back then believed would be the curve. Well they didn't get it right first time, so they moved up the Laffer curve again. By doing that they not only gathered some evidence backing Laffer's elegant theory but also roughly found the optimum point of total taxation." ============================================================== Sure, pal! That's why Bush I ( who had characterized supply-side as "voodoo" economics ) heroically raised taxes to further pay down the Reagan deficits ("read my lips") and Clinton raised them again to deal with the horrible overhang of debt from the Reagan years. If there's an "optimum point of total taxation" it's at the Clinton levels. Supply-side is TWICE busted!