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Most people can't look past the next week, let alone for the long term. If we go on a national credit card spending spree, everyone thinks it's great because we have a lot of crap that we've accumulated. They all think that the bills will magically pay for themselves. This is the kind of mentality where people take cash advances on their credit cards to pay their loans, right up until all their nice stuff gets repossessed. This "trickle-down" nonsense has NEVER worked and has always set records for deficits adding to the national debt. Still, if people want to believe in the tooth fairy, I'm not sure what can be done. When the house of cards comes tumbling down, they'll probably blame the Mexicans picking lettuce in the farm fields.
I dont think that america can afford much of anything these days. In a few years will be jumpin the mexican border looking for work. Okay that wont happen but seriously trickle down econimics sounds worse than it is. The more you make the more taxes you pay. And that harldy fair. Fair would be a flat tax but we dont havae that so to make it a little more fair than it already is we give tax cuts to people who pay an insane amount of tax.
As an self reliant conservative (no longer a repub), i'm no longer prepared to confess that for the time of any respect. the bush tax cuts effected all and sundry, and the wealthy nevertheless paid for the comparable or extra of the finished tax invoice. the money they have been given back went into the economic equipment, procuring products and amenities, transforming into jobs and businesses, and increasing the final wealth of the rustic. which will consistently be the case. tax sales went up regardless of the cuts. the undertaking became into bush and the congress went on a spending spree. in the event that they had caught to small gov't, we would have had extensive surpluses. and btw, why do no longer dems supply bush some props for increasing gov't and entitlements as much as he did? to date by way of fact the present mess, there's a lot of blame to pass around. the dems in congress have been on board with the "bush/paulson bailout" jointly as maximum repubs knew it became right into a stinker.
Can America afford to become the next experiment in fascism or Nazism? Let alone the economic scams that come from deregulation? We can't afford another conservative of EITHER party, but at least Obama isn't quite that conservative.
Bush's mistake has been in the spending area. The tax cuts worked just fine. Just like all the others. The numbers don't lie - tax cuts, all other things being equal, allow the economy to grow by reinvesting more of its own earnings, increase incomes, increase the proportion of the tax burden paid for by the 'rich' (however you define 'rich'), and tax cuts up to a certain point (that we haven't reached yet) do increase tax revenues. People "catch on" just fine - as they watch their Hi Def tvs, in their homes that are 50% bigger than their parents' homes, and use their PCs and internet and camera cellphones and drive their SUVs and drink their Starbucks coffee and eat their organic produce from Whole Foods..... We lead lifestyles that our parents couldn't have dreamed about. This, the generation that Carter said would have to settle for living conditions worse than our parents had. And the reasons, ultimately, are tax and tariff cuts. True, a few of us have that AND have 120 foot yachts. So the "gap" between them and the rest of us has grown. And we've allowed over a million extremely poor people to enter the country every year. More than twice the number that used to come to the country, in the early 1980s. And the "gap" between the "poor" and the rich, and the "poor" and everyone else, also grows - because they're not the same poor people, they're much poorer people, at least when they first come here. But they're not "Americans who slipped into poverty" - they're poor people who slipped into America. But that doesn't mean anyone has "fallen behind" in any absolute sense. Nobody old enough to remember the 1970s believes the "gap" argument, for obvious reasons. Oh and by the way the biggest single tax cut in the last quarter century of pro-growth tax cuts has been Bill Clinton's 1997 cut in the long term capital gains tax rate, from 28% to 20%. So, this is not a "Republican experiment" - it's just the return of fundamental economics.
Here we go...another media educated liberal preaching how bad the rich people are.....please get your freakin head out of the sand and learn that capitalism works...IF YOU WORK....why should the rich be ashamed of their affluence?? why should you care....?? get a job and work for a living.....and see what the real world is like...... Considering how strong the economy rebounded after 9-11 ....remember that...something happened....in New York and DC......you're a liberal so maybe you've already forgotten.....as all liberals have.....anyway...I was surprised that the economy rebounded from that.....and it has been strong..very strong ...until recently..... and if you know anything at all about economics....which you don't!!!!.... economies move much like the tide ebb and flow.....and this is one of hose times......but you can be a closet liberal, undereducated with your head in sand and in the clouds and just blame everyone else for our problems...when in reality the real problems are with the liberals.....
TRICKLE DOWN DOESN'T WORK. BY THE TIME THERE IS A TRICKLE DOWN ALL OF US 'FISH' HAVE DRIED OUT. HEY. HE MADE THE SUPER WEALTHY EVEN MORE SO. THAT'S GOOD FOR THEM. THE EXPERIMENT, Druid Hills YOU CALL, IS NOT THAT IT IS A PLAN OR, BETTER STILL, A PLOT TO SQUASH THE ANT-LIKE LITTLE PEOPLE. THERE IS ONLY SO MUCH MONEY AVAILABLE AND WHEN THE 'SUPERS' AMASS IT FOR THEIR OPULENT LIFESTYLE THEY LEAVE CRUMBS FOR THOSE BELOW. COME THE REVOLUTION THEY WILL REALIZE THE ERRORS OF THEIR WAYS.
NO, NO, NO---- They might as well just ship all the working people overseas and leave this country for the rich. Reagan tried this and our economy has been getting worse and worse. Soon you will either be rich or living in poverty. There will be no in between.
I think a Republican who actually cuts federal programs, ends the war on terror, and cuts federal taxes all around is better for the Economy; however, neocon Republicans like Bush and Mccain are not true conservatives and will continually spend more and more of your money for their own personal gain.
Very strong. Seriously, you sould study some finance and economics. How do you think America will fare under a Socialist President (Obama)? Do some serious research. Talk to some investment bankers or big business owners. You will see companies fail, the market crash and taxes go through the roof. This will make Jimmy Carter look like nothing!