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

To: tejek who wrote (366721)	1/13/2008 12:24:33 PM
From: Brumar89	Respond to of 1583868

Recessions are not inevitable. The current economic problems result from using substandard lending practices to extend the housing boom. Had those lending practices not been used, the housing slump would not be nearly as deep. In fact, portions of the economy have been doing very well in spite of the housing slow down. Perhaps what was inevitable is that the incompetency/inattention by Bush to other areas of this country's affairs would ultimately help in the derailing of the economy. Speaking practically, recessions are inevitable. ..... Of course, Kerry would have been watching whether too many people were getting home loans... Don't be silly. ------------------------------------------------------ I am very dependent on the economy doing well because trading stocks to the long side is my major source of income at the moment. What do you think about raising taxes on capital gains and dividends? ------------------------------------------------------- Any tax will have a depressive impact on the economy, will it not? Of course. If one is worried about a recession, why be eager to raise taxes? Particularly when the deficit is shrinking as the economy continues to grow. The spending of gov't monies in certain areas can 'juice' the economy and mitigate the effects of a recession. For an example, because of the weak housing market, many construction workers have lost their job. Using gov't monies to begin improving/replacing infrastructure that is badly deteriorated would provide work for those workers. So you want to increase infrastructure spending. What about taxes?