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Bush/Gore: Who would you vote?
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[QUOTE]Originally posted by Omega: [QB] "'The last thing we need right now is a big tax cut' because it will overheat the economy" I'm always curious at why liberals breathe a sigh of relief when the economy slows down. I'm also curious why liberals seem to think that the economy can't take care of itself. See below about the Fed trying to slow down the economy and causing the Depression. "There are two main arguments running through the anti-living wage folks here: jobs will be lost because of the minimum wage the minimum wage should not be raised because it is inflationary These are contradictory. Any policy that will cause jobs to be lost, as you assure me they will, is by its very nature deflationary." Old-style economics. What was that, the Keynsian curve, or something? Whatever it was, it said that unemployment and inflation are mutually exclusive. It was wrong. Nixon imposed direct wage controls in the 70s. That's how we got that huge recession. We had high unemployment AND inflation. That's why no one fixed it until Regan came along. All they economics guys knew was that raising taxes caused one of the two, and that lowering taxes caused the other. They had no idea how to deal with both at the same time, since it wasn't supposed to be possible. Then along came that HUGE upper-class tax cut (thanks, Ronnie!), and the last couple decades of economic growth. "You can ignore it all you want to, but your trickle down theory FAILED. Oh my how it failed. Fantastically failed to not only prevent the Great Depression and to stop the Great Depression once it got started." Funny, I thought the GD was due to stupidity on the part of the banks, but mainly the Federal Reserve. It's generally not a good idea to inflate the money supply by 60% in ten years. It also tried to stop the stock market growth by raising intrest rates, which caused the crash in '29, thus leading to the depression. Funny thing, how the market was slowing down anyway... "First of all you've proven nothing of the kind. Not in this thread or in anyother thread." I've given a model that you have not refuted, nor can you refute, for it works. Tell me where the owner can get the money without harming the store, THEN you might have a point. "You can't honestly be telling me that you believe that by putting money into the hands of the working poor will not trend down crime?" Sure I can. If the money is worth less, then the extra money will do no good. You're also making the assumption that crime is a DIRECT result of poverty. An assumption that I do no agree with. That whole "Poor people commit crime to survive" thing, it... it just makes no sense. Since the rest of your argument is based on that flawed premise, it is not valid. Besides, when was the last time liberals lowered taxes, just because the government didn't need the money? We've got that huge surplus, meaning money that the government DOES NOT NEED, and they claim that they do. The money would just get spent on something else. [/QB][/QUOTE]
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