Does Bush read the Bible every Morning?!?! .. I guess yall know what I mean.

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Originally posted by LiquidX Does Bush read the Bible every Morning?!?! .. I guess yall know what I mean.

i doubt that he reads the bible, he just says he does to stay on the good side of the christian population.

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Originally posted by fuct4less i doubt that he reads the bible, he just says he does to stay on the good side of the christian population.

Yee.. it very well fits with the term Hypocrite among other things.

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Originally posted by occrider Actually the first tax cuts DID provide economic stimulus and it did curb the recessionary trend that the economy was heading towards. http://frwebgate.access.gpo.gov/cgi...=00ap03.txt.pdf Simply take a look at the trend in GDP, employment, and personal income around the 2001/2002 period (take into account the recognition lag) and you can see a bottoming out effect that the tax cut accomplished. Additionally I posted an article previously that outlined the positive successes of the first tax in preventing economic recession. Simply because we didn't experience an economic boom of the 90's does not mean that it can be lauded as a failure. That being said, I disagree with this new tax cut in that the economic situation of the country is different. The first tax cut was needed to increase consumer confidence and consumer spending. Now we are suffering from high unemployment which requires increased fiscal spending rather than tax cuts.

Well, if the first tax cut did indeed help out the economy, it helped out in the short term, but in the long term it would hurt it, if is not allready.. maybe this are the long term effects from the first tax cut, who knows.

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Well, if the first tax cut did indeed help out the economy, it helped out in the short term, but in the long term it would hurt it, if is not allready.. maybe this are the long term effects from the first tax cut, who knows.

Americas problems are debt related, cutting taxes is part of the problem because it worsens the budget deficit. It is part of the business cycle that what goes up must come down. The system has to iron out the debt built up in the 90's. Cutting interest rates and giving tax breaks only forestalls the inevitable.

Cutting taxes is completely and utterly pointless in the long run. George W didnt create americas dire economic problem, but he sure is helping to make the inevitable recession even worse. Many of the same conditions exist now as existed in 1929.

Warren Buffett recently wrote an op-ed piece where he savaged the logic behind the tax cuts, I think Warren Buffett has more business/economic credentials than George W ever will have.

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Originally posted by rupert Americas problems are debt related, cutting taxes is part of the problem because it worsens the budget deficit. It is part of the business cycle that what goes up must come down. The system has to iron out the debt built up in the 90's. Cutting interest rates and giving tax breaks only forestalls the inevitable. Cutting taxes is completely and utterly pointless in the long run. George W didnt create americas dire economic problem, but he sure is helping to make the inevitable recession even worse. Many of the same conditions exist now as existed in 1929. Warren Buffett recently wrote an op-ed piece where he savaged the logic behind the tax cuts, I think Warren Buffett has more business/economic credentials than George W ever will have.

Well I believe that the sound use of tax cuts as fiscal policy is to pull the economy out of a recessionary dip, and then once the economy is headed upwards in an economic boom to then take the budgetary surplus to pay off the losses in deficiet spending during the recession.

Edit: That being said, I don't agree with Bush's latest dividend tax cut. I agree with Buffet that the opportunity cost of the tax should shift to the wealthy. If you ask me, tax cuts should always benefit either corporations (who would then reinvest the money into capital) or the poor (who would be most likely to pump that money back into the economy). Passing a tax cut that exclusively benefits the wealthy is a silly/stupid idea.

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Last edited by occrider on May-27-2003 at 19:48

Nobody said it would be easy. Just because a guy in a suit says it's the plan, that means it's a goal. It requires the involvement of everyone. If we didn't have so much quarreling and bickering going on at home (and yeah, our economy sucks, but we're all partly to blame for that), we'd probably have more focus as a nation and more resolve to accomplish his goals. It's not like a gumball machine where you just pump in money and get gumballs every time. He set the goals and is obviously making some pretty bold and daring steps to try and accomplish them. Shaping the future is a pretty daunting task.

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Originally posted by Shakka Nobody said it would be easy. Just because a guy in a suit says it's the plan, that means it's a goal. It requires the involvement of everyone. If we didn't have so much quarreling and bickering going on at home (and yeah, our economy sucks, but we're all partly to blame for that), we'd probably have more focus as a nation and more resolve to accomplish his goals. It's not like a gumball machine where you just pump in money and get gumballs every time. He set the goals and is obviously making some pretty bold and daring steps to try and accomplish them. Shaping the future is a pretty daunting task.

If that was the case...we'd be living in more of a Utopia than Earth in 2003. The aforementioned situation is so idealistic....

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It has to start somewhere,
It has to start sometime,
What better place then here?
What better time than now?
--Rage Against the Machine

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If that was the case...we'd be living in more of a Utopia than Earth in 2003. The aforementioned situation is so idealistic....

Funny you should say Utopia. Aldous Huxley showed us that Utopia ain't necessarily a good thing in Brave New World. Even some of the best ideas fail when there isn't enough support behind them. With the way our country has turned lately, with every issue becoming a divisive one, it'll be hard to ever get anything done. Too much finger pointing and shifing of responsibility.