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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (115758)	9/11/2008 8:21:56 PM
From: longnshort	Read Replies (1) \| Respond to of 132070

"Senator Clinton was at least qualified. " why is she qualified ?

To: Freedom Fighter who wrote (115758)	9/11/2008 8:28:43 PM
From: John Koligman	2 Recommendations Read Replies (2) \| Respond to of 132070

Just a quick comment on the 'involuntary wealth transfer' Obama 'wants'. The right's mantra always seems to be that tax cuts are the way to prosperity and greater economy activity that will result in debt reduction. Well, the economy boomed in the 1950's with marginal tax rates in the 90% rate. Kennedy cut them to the 70% range in the early 1960's. Somehow we survived!! When Reagan did the huge cuts down to 28%, correct me if I'm wrong but deficits took off, despite what Arthur Laugher (opps, Laffer <ggg>) said. It seems to me that Bush's gift to the high earners in the way of 15% dividend rates and carried interest exemptions where a guy making a billion dollars pays a 15% rate are just as much an 'involuntary' transfer as what Obama wants to do. And you are correct, this may all be moot in the longer term because all of us will have to pay more. If you look at the coming bill for Fannie/Freddie, a piddling 25B or 50B for the automakers, more 'fiscal stimulus', continued huge spending on Iraq and a ramp in Afghanistan, the deficit will explode (I've seen comments on the first trillion dollar deficit soon.) Best regards, John