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

To: tejek who wrote (466442)	3/25/2009 9:24:39 PM
From: bentway	Read Replies (1) \| Respond to of 1574493

"What started the deficit binge under Bush was the significant tax cuts he gave the rich and famous." He even changed that rationale on the tax cuts. First, it was we had a surplus, and it was OUR money! Then, it was we had a recession, and they were to stimulate the economy. For Ten and the Bushies, tax cuts answer EVERY problem and condition.

To: tejek who wrote (466442)	3/25/2009 9:56:58 PM
From: i-node	Respond to of 1574493

What the hell are you talking about? The dot.com bubble burst turned into a minor recession. In fact, the dot.coms were and continue to be a small portion of the active economy. That's simply untrue. Everything of substance happening in IT today is "dot com". Everything. Certainly, most of my living since the 90s has been from "dot com" related businesses. I'd bet there are several on this thread who could say the same. More importantly, it comes in "waves". We had the false start in the "dot com" bubble, in which a few firms survived. We had a phase during which the survivors like ebay and Amazon and Netflix and a thousand others expanded, Microsoft and Intel and companies like Western Digital/Maxtor benefiting all along the way. There is little doubt the so-called "dot com" expansion will go on for years to come. There is a very strong likelihood the banking industry as we knew it will never come back, to be replaced by virtual banking facilities that have no brick and mortar infrastructure, no tall buildings, no massive overhead.