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Post by aztec70 on Aug 9, 2010 8:00:24 GMT -8
If lower taxes are a panacea for the economy, why is our economy so poor? If lower taxes causes tax revenues to rise, why is our deficit so high?
The GOP lowered taxes twice in the GW Bush administration. They had 8 years to work. At the end of those 8 years the economy was starting to free fall. How could that be?
It is obvious that those policys were an epic failure.
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Post by aztecwin on Aug 9, 2010 12:22:26 GMT -8
We were never able to curb spending during Bush's years and thus the problem. He would not break out his veto pen. The other arguement would be that the economy would be much worse had those cuts not taken place. Just why do you think that Obama wants to keep 98% of the cuts in place? He only wants high earners to have their taxes raised.
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Post by aztec70 on Aug 9, 2010 12:48:28 GMT -8
Bush did spend like a drunken sailor on liberty. Perhaps that is not fair to drunken sailors. They were probably paying cash, not credit.
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Post by aztecwin on Aug 9, 2010 13:09:45 GMT -8
Bush did spend like a drunken sailor on liberty. Perhaps that is not fair to drunken sailors. They were probably paying cash, not credit. Almost right. He did not have the will to veto the spending of Congress and yes, drunken sailors do stop spending when they run out of money.  |
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Post by The Great Aztec Joe on Aug 10, 2010 12:45:19 GMT -8
Bush did spend like a drunken sailor on liberty. Perhaps that is not fair to drunken sailors. They were probably paying cash, not credit. Almost right. He did not have the will to veto the spending of Congress and yes, drunken sailors do stop spending when they run out of money. Well, if you can find a fellow (usually young) sailor who would lend you $10 until payday, you could continue to buy more drinks. When I was a young buck, my pals would buy my drinks for me for free just to keep me with them in case trouble broke out. Trouble always broke out in the late Sixties and early Seventies when we were in foreign ports where the United States policy on the Viet Nam war was not appreciated by the local populace. Sometimes they treated us as if we were the ones who napalmed that little Vietnamese girl everybody around the world saw on their news programs. As we would tell them when they challenged us, " No, it wasn't us, but if you do not leave us alone, we are going to napalm your arses. So shut up and go sit down in the corner and mind your own fuggin business. These young ladies like sitting on our laps." |
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Post by The Great Aztec Joe on Aug 10, 2010 12:47:39 GMT -8
And then, for some crazy reason that only the local men could understand, a fight would break out in the bar. Boy it was fun to be an American Sailor back in those days.
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Post by The Great Aztec Joe on Aug 11, 2010 6:46:33 GMT -8
To get back on topic, tax cuts have an effective range. Right now, we need a massive infusion of stimulus like FDR used to put young men back to work. If we do not do something like that, the civil order of society will soon come under considerable stress.
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Post by aztecwin on Aug 11, 2010 11:45:53 GMT -8
The GOP lowered taxes twice in the GW Bush administration. They had 8 years to work. At the end of those 8 years the economy was starting to free fall. How could that be? There may or may not have been a directly causal relationship between the two, as I'm sure you know. Tax revenue increased but not nearly as fast as spending. |
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Post by The Great Aztec Joe on Aug 12, 2010 8:28:58 GMT -8
Dudes, As long as we are shipping jobs out of the country and not creating jobs to replace the lost jobs, we are going to have economic malaise.
I keep on saying that we need projects to put people back to work. The Federal Government has to assist the private sector with several large projects that have economic payback potential. My pet project of "Water to the West" could do that in Spades. Yet, there is not one politician in DC who will pick up the project as his or her platform. Looks like I will have to run for President again.
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Post by AztecWilliam on Aug 12, 2010 12:06:31 GMT -8
Dudes, As long as we are shipping jobs out of the country and not creating jobs to replace the lost jobs, we are going to have economic malaise. I keep on saying that we need projects to put people back to work. The Federal Government has to assist the private sector with several large projects that have economic payback potential. My pet project of "Water to the West" could do that in Spades. Yet, there is not one politician in DC who will pick up the project as his or her platform. Looks like I will have to run for President again. Maybe. Do not forget this, however: every dollar taken from the private sector and spent by government is one less dollar available for productive enterprises. The essential question has been and always will be whether the government knows better how to allocate financial resources than do private companies and individuals. Remember, the latter do not have the ability to print more money if they make mistakes. Those on the Left simply will not question there basic assumption that, in some magical fashion, the government knows what is best for the economy and the citizens who depend on that economy. Oh, yes, one more thing. Jobs are not shipped abroad. Foreigners now make our clothing, furniture, appliances, etc. not because companies in the U.S. decided to screw Americans. Those products are made in other countries because the workers there are willing to work for lower wages than are U.S. workers. It is a more efficient allocation of resources to buy from China than to pay inflated wages to workers here. Just as water seeks its own level, so do wages worldwide. Ultimately, the only way to stop that is to raise giant tariff barriers to foreign products. Then other counties will do the same, and we all end up in a trade war that hurts everybody. Look at it this way. If workers and companies in Arizona, or Arkansas, or Florida can produce widgets for less than they can be produced in California, would it be a good idea for California to create tariffs against those other states? Obviously not. Well, it's a world economy now, and it isn't going back to the old model. AzWm |
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Post by aztec70 on Aug 12, 2010 12:48:47 GMT -8
William, depressed wages world wide will not be a scenario for economic recovery. The people that make the stuff have to earn enough to be able to buy the stuff. We are seeing in China the beginning of wage increases. That is a good thing. It allows a larger internal Chinese market. More Chinese purchasing power will be positive for the world economy.
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Post by aztecwin on Aug 12, 2010 19:23:29 GMT -8
William, depressed wages world wide will not be a scenario for economic recovery. The people that make the stuff have to earn enough to be able to buy the stuff. We are seeing in China the beginning of wage increases. That is a good thing. It allows a larger internal Chinese market. More Chinese purchasing power will be positive for the world economy. Very true. It becomes more of a trade problem than anything else and that means that currencies will have to float. That should be a big part of our focus. |
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Post by The Great Aztec Joe on Aug 14, 2010 17:27:36 GMT -8
William, depressed wages world wide will not be a scenario for economic recovery. The people that make the stuff have to earn enough to be able to buy the stuff. We are seeing in China the beginning of wage increases. That is a good thing. It allows a larger internal Chinese market. More Chinese purchasing power will be positive for the world economy. Very true. It becomes more of a trade problem than anything else and that means that currencies will have to float. That should be a big part of our focus. Floating Currencies? Free Trade? Global Marketplace? Dudes, it is fugging us, Big Time. It is time to call a halt to this kind of economic insanity. We need to create a United States of North America and produce and trade within our own continent. the only things that would be allowed in from outside would be goods that could not be made in the United States of North America. |
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Post by aztecwin on Aug 14, 2010 20:08:13 GMT -8
Very true. It becomes more of a trade problem than anything else and that means that currencies will have to float. That should be a big part of our focus. Floating Currencies? Free Trade? Global Marketplace? Dudes, it is fugging us, Big Time. It is time to call a halt to this kind of economic insanity. We need to create a United States of North America and produce and trade within our own continent. the only things that would be allowed in from outside would be goods that could not be made in the United States of North America. Sorry Guam, you are now out of bounds! |
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Post by The Great Aztec Joe on Aug 15, 2010 9:26:41 GMT -8
Floating Currencies? Free Trade? Global Marketplace? Dudes, it is fugging us, Big Time. It is time to call a halt to this kind of economic insanity. We need to create a United States of North America and produce and trade within our own continent. the only things that would be allowed in from outside would be goods that could not be made in the United States of North America. Sorry Guam, you are now out of bounds! Well, actually there, win, We could include Samoa, Guam and our other island possessions in the Pacific. Shoot, I would be open to inviting England, Australia and New Zealand into the Expanded United States. That would be on the provision that the Auzzies and Kiwi's do not exclude wetbacks. |
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Post by The Great Aztec Joe on Aug 15, 2010 9:29:12 GMT -8
Just think about it, we could all retire to Costa Rica, drink rum and Coco Cola and have those beautiful Hispanic girls give us massages every day.
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