Well Fran and BRussell, you have amazed me once again. First though, you do make some points, namely that Bush has used the recession politically.
But, to say that the Democrats "never talked about the recession" is a total lie. Tom Daschle himself actually said "The real reason for this recession isn't the terrorist attacks [or other factors], it is BUSH'S TAX CUT". WHAT THE ****? Explain to me how a tax cut that had only just begun to take effect (in January 2002 nonetheless) could have CAUSED a recession. News Flash: Tax cuts DON'T cause recessions.
On Reagan: Ronald Reagan will go down as one of the most popular and best presidents in history, like it or not. His economic policies DID work. In fact, they literally saved the economy from going from a deep recession into a full blown depression in my opinion. He pushed for massive tax cuts on ALL levels, including the poor, Fran. The better way, BRussell? Are you ****ing kidding me? We had balanced budgets in the 90's for two reasons 1) Because taxes were the highest at any point since WWII, and 2) The Republican house fought ridiculous spending increases tooth and nail. Don't give me that shit about deficits in the eighties either. This was caused by a house and senate that were democratically controlled and spent money like it was going out of style. Sure, defense spending was high. But I would argue that since the Soviet Union had about 5,000 nuclear missles and about 2,000,000 active troops at the time, we needed to spend it.
Face it. Both parties have tried to use the recession to their advantage. What do you expect? My problem is with Daschle. He PERSONALLY held up the stimulus bill in the senate. One can only assume that this was done to delay recovery, thereby creating an extended recesson that caused voters to turn away from the Republican party this November. This is perhaps the most selfish political move (putting a few hundred congressmen and senators ahead of an entire nation's population, in my mind) I have EVER seen, with the possible exception of Al Gore "unconceding" the election and trying to steal it depsite the fact he was never once declared the winner by anyone, ever.
Tax Cut: Despite what the criminal liberal media (and Mr. Daschle) tell you, the tax cut does not primarily benefit the rich. You are smoking crack if you think that. The top income bracket pays 39% of their income to the government (or they did). Is that fair? You know that people that make, say, $200,000 a year pay that much, not just millionares, right?
I got a $50 per check raise with that cut, and I make less than $35K a year. These numbers Daschle points out, the ones that say "if you are rich, you get a new Lexus out of this tax cut, if you are disadvantaged, you get to buy a new muffler" are totally bogus. Tax cuts are based on PERCENTAGES, not just dollar figures. Of course someone who makes $400,000 a year will get a higher dollar figure cut that the person who makes what I do...because they PAY more. NO SHIT! How would you do it?
You know the tax rebate was a DEMOCRAT IDEA, right? Fran441, if you want to complain then complain to your buddies Daschle and Gephardt. Speaking of that, why did my in- laws, who make upwards of 100K a year, get the same rebate I do? How is that fair to them, since they paid about three times the taxes I did?
The recession was/is real, though not as bad as predicted. It was caused by overvalued tech stocks, ludicrously high taxes, rising energy prices in 1999-2001 and rising interest rates in 1999-2000. A severe downturn was averted by drastically cutting rates, and strong consumer and real estate spending. Both parties wish to use this. That's politics. Deal with it.
I just don't know what kind of a liberal revisionist history world Fran441 and BRussell live in. A world where Reagonmics was a bad thing and Clinton was good for the country. A world where paying 50-60% of your income to a federal, state, or local authority is acceptable (trust me, that is what it is). And, a world where tax cuts cause recessions and are bad for the nation. Good God.
[ 03-08-2002: Message edited by: SDW2001 ]
[ 03-08-2002: Message edited by: SDW2001 ]</p>
To save time, assume I know everything.
To save time, assume I know everything.