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

To: Wharf Rat who wrote (168371)	8/8/2011 5:10:20 PM
From: mistermj	Read Replies (3) \| Respond to of 544045

Clinton did have the good fortune of riding the last wave of the massive Reagan economic expansion. Surely you aren't suggesting the entire dot com infrastructure and technology was built over night by Clinton? And don't forget what happened at the end of Clinton's term.

To: Wharf Rat who wrote (168371)	8/8/2011 5:15:43 PM
From: Sam	Read Replies (1) \| Respond to of 544045

"why not a tax cut to spur growth?" Well, cuz if that worked, Raygun, 2 Bushes , and Obama would have created more jobs in 23 years than Clinton did in 8. But, they didn't, did they? What you said in reply to his question.... Although I am not opposed to targeted tax cuts. I am opposed to tax cuts for the very wealthy (which is what the Bush tax cuts were) because they don't spur demand. Or investment. Demand spurs investment; plenty of money would show up to be invested if demand was there without tax cuts. Tax cuts for the middle class and working poor are different. Or, they would be if the psychology of the moment wasn't so terrible and the balance sheets of individual households were in good shape.