Okay.... If It Is The Economy Stupid?

Discussion in 'Politics' started by Bonnie, Sep 10, 2004.

  1. Bonnie
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    Bonnie Senior Member

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    By Thomas Sowell:

    Our current unemployment rate--5.4 percent--is one of the lowest in the world and one of the lowest in our history. Why then the hysteria about jobs? Because this is an election year and Senator Kerry is desperate for some issue that will rescue his faltering campaign.

    According to the Kerry campaign, President Bush has "lost" over a million jobs since taking office. This of course assumes that jobs are Presidents' to win or lose.

    In both administrations, as in all other administrations in the history of the the United States, all spending bills originated in the House of Representatives. Both Reagan and Clinton faced a House of Representatives controlled by the opposite party/

    Neither President could create a deficit or a surplus.
    More..........www.townhall.com/columnists/thomassowell/printts20040910.shtml
     
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  2. rtwngAvngr
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    rtwngAvngr Guest

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    The truth doesn't matter to libs these days. As postmodernists they will all tell you: "Reality is perception". They're so convinced of the superiority of their ideas, despite all actual merit and proof, that they have no problem, lying, forging documents, whatever it takes. So sad.
     
  3. DKSuddeth
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    DKSuddeth Senior Member

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    I knew 'trickle-down' was a strawman.
     
  4. rtwngAvngr
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    rtwngAvngr Guest

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    No. That's actually true.
     
  5. DKSuddeth
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    DKSuddeth Senior Member

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    that its a strawman? yes, I know. ;)
     
  6. rtwngAvngr
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    rtwngAvngr Guest

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    I deserved that! but come on "you know what I meant"!
     
  7. DKSuddeth
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    DKSuddeth Senior Member

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    :laugh:

    I do know, but can you explain this in the article without calling it a 'bone for the libs'?

    People who hate to see tax cuts picture an entirely different scenario. Such people see "tax cuts for the rich" being done because of some theory that the money received by the rich will eventually "trickle down" to the poor.

    No economist in the entire history of economics has ever had any such "trickle-down" theory. It is a complete straw man.

    If you want to argue about the effects of any given cut in tax rates, that is fine. But those who dream up a "trickle-down theory" obviously do not want to confront the real arguments for tax cuts or the actual effects of these cuts.
     
  8. rtwngAvngr
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    rtwngAvngr Guest

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    Yes. I can. Tax cuts for people who have the money to start businesses will actually start more and invest more in growing them when they get to keep more of their profits, creating more jobs for others. Also when they make more money they spend more, further stimulating further profit in other businesses.
     
  9. DKSuddeth
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    DKSuddeth Senior Member

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    that doesn't explain why the author of the article says that trickle-down is a straw man.

    Personally, I don't see why its called trickle-down, it should be called trickle-up.
     
  10. Bonnie
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    Bonnie Senior Member

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    It seems so simple and obvious, J I can't figure out how so many miss this. And leave it to Suddeth to think this is a bone for libs :bang3: LOL.............Still love ya Suddeth I give you many kudos for the attempt :beer:

    A rising tide lifts all ships!!!!!!!
     

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