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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (130150)	4/7/2010 10:33:04 AM
From: Archie Meeties	Respond to of 206176

Bob, anything is possible. I'd argue that economic growth has much more to do with other factors than capital gains policy. The country entered it's most profound recession at a time when capital gains tax were at their all time lows, correct? Conversely, the economy had an strong period of expansion when they (and income taxes) were higher (late 90's). Not a day goes by when Kudlow doesn't say something about taxes, it's a bit of mantra for him. One get's the feeling that it's a bit like duct tape, lower taxes are good for everything. If it's raining, lower taxes, if there's looting in Haiti, lower taxes, if the market is up, lower taxes, if it's down, taxes need to be lowered. It's accurate that the economy will not grow as fast in the remainder of 2010 as it has over the past 2 q's. 5% growth is not sustainable. We're not going to slip into negative growth now that employment has turned the corner and real estate has mostly bottomed.