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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (60155)	4/19/2008 9:04:47 PM
From: ChinuSFO	Respond to of 543134

...if Bush had stayed out of Iraq and restricted spending he could have had a fantastic financial record. Hypotheticals do not a discussion make. We could have if this and if that. No different that what the meaning of "is" is. With this Administration it has always been shoot first then aim. Whether it is Iraq, tax cuts and now the stimulus package. Well back to McCain. He will have a tough time explaining to people why he opposed the cuts then and why is he supporting it now. Yes, yes, yes (geez I am starting to sound like Hillary), McCain may come back with the argument that he will control spending and let the tax cuts remain in place. But how can he control spending leaving troops in Iraq etc. etc. P.S. Yes, yes, yes sounds like Jim Cramer's Sell, Sell, Sell.

To: Bearcatbob who wrote (60155)	4/19/2008 9:31:34 PM
From: Katelew	Read Replies (1) \| Respond to of 543134

Bob, at least three times I've heard Bernanke in his congressional testimony say that "we now know that tax cuts do not pay for themselves in economic growth". He was responding to the question of whether the govt. should be cutting taxes to stimulate growth. The clear implication was that such cuts lead to budget deficits. I was impressed by this. Bernanke should know, he has the necessary data and would surely support tax cuts if they actually did improve economic performance, don't you think? His job and reputation is tied to helping the economy along.

To: Bearcatbob who wrote (60155)	4/19/2008 9:41:19 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 543134

Bob; The tax cuts worked perfectly as a stimulus. The spending was irresponsible. The deficit has been closing nicely - if spending had been controlled we would have an entirely different discussion. Also, if Bush had stayed out of Iraq and restricted spending he could have had a fantastic financial record. We have just gone through a rapid economic expansion - financed by deficit spending. To suggest just as the economy enters a downturn that "the deficit has been closing nicely" does not square with what the picture will be AFTER we are done with the inevitable downturn. Facts are that Bush took over a budget that was well under control and the damage done by Bush will take many decades to repair. steve