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

To: combjelly who wrote (358962)	11/16/2007 7:34:34 PM
From: longnshort	Read Replies (1) \| Respond to of 1576860

The 1964 tax cuts were the largest in US history to that point. Bush's don't come close to setting a record. As a share of the nation's economic output, JFK's tax bill was twice as generous as Bush's -- 2 percent of GDP vs. 1.1 percent, according to the National Taxpayers Union. Likewise as a share of federal revenue: The Kennedy cuts "refunded" 12.6 percent of taxes collected. Bush would give back only 6 percent. On that day in 1962, President Kennedy delivered a ringing endorsement of supply-side tax relief. What he advocated, he said, was "a tax cut designed to boost the economy, increase tax revenues and achieve" -- today we would say maintain -- "a budget surplus." That is as worthwhile a goal today as it was 40 years ago, and as achievable. Jack Kennedy would have been the first to say so?

To: combjelly who wrote (358962)	11/17/2007 3:42:17 PM
From: tejek	Respond to of 1576860

It didn't hurt. But the 1930's weren't a big time for business investment. And the 1940's weren't much better. It started to change in the 1950's, but it was slow. For one, infrastructure needed to be developed. My father grew up not 30 miles from where I am now. But, I remember as kid that we had to drive down a lot of dirt roads to get to my grandparent's farm. They didn't have electricity until the late 1950's. And that was pretty common outside of the large cities. Yes, I've mentioned before that last year I learned about what Johnson did for some valley outside of Austin....bringing in electricity during the late 1930s. It amazes me that the South lagged the rest of the country that much.......it shows the level of poverty. And things didn't really start to change until the 1960's. With rising incomes, the whole hatred of the North started to vanish. By the 1970's it was generally save for Yankees to be out after sundown in much of the South... I still don't feel comfortable in the South. I know I am probably biased but Southern hospitality never seemed real to me.