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[QUOTE]Originally posted by targetemployee: [QB] Some dates that I gathered from the Economist: [b]1974 to 1976[/b] Recession. Caused by OPEC embargo. [b]1975[/b] Pres. Ford orders a $800 billion rebate for the tax payers. [b]1981 to 1983[/b] Recession. Latin America suffers catastrophic economic losses. Losses impact America. Worst recession. [b]1991 to 1993[/b] Recession. [b]2001[/b] Slowing economy. Developing countries, such as Argentina and Turkey, are experiencing economic crisises. Pres. Bush orders a $1.6 trillion rebate. Folks, we may pull out of this mess. However, we will have a very large consequence to face. Tax cuts are great, when they are balanced against the needs of the nation and the world. If they are designed simply to get votes, then this is not so great. The Republicans, on top of the historical rebates of the President, are attempting to have other tax cuts in the hundreds of billions passed in the environmental bill (to energy producing and distributing companies) and the health care reform bill (to HMOs). Do you know what will be impacted? Let's give an example for our beloved firebrand, Omega. [b]The Missile Defense Plan[/b] Adding insult to injury, Omega, we are [b]borrowing[/b] money to pay the rebates. [/QB][/QUOTE]
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