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» babble   » current events   » national news   » Tax cuts and deficit spending: Round 2.

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Author Topic: Tax cuts and deficit spending: Round 2.
DrConway
rabble-rouser
Babbler # 490

posted 11 November 2002 01:53 AM      Profile for DrConway     Send New Private Message      Edit/Delete Post  Reply With Quote 
Seems the economy isn't responding that well...

quote:
''The manufacturing sector is already back in recession, we're looking essentially at a no-jobs recovery and an unemployment rate that is likely to rise,'' said Allen Sinai, chief global economist and chief executive of Primark Decision Economics Inc., who recommends tax cuts of $100 billion to $200 billion over a 10-year window.

Is it just me or did he just as much as imply that the dreaded double-dip has arrived?


From: You shall not side with the great against the powerless. | Registered: May 2001  |  IP: Logged
Briguy
rabble-rouser
Babbler # 1885

posted 11 November 2002 09:47 PM      Profile for Briguy     Send New Private Message      Edit/Delete Post  Reply With Quote 
There's only one answer! More tax relief! If at first you fail miserably, repeat the same mistake again. (that's the saying, right?)
From: No one is arguing that we should run the space program based on Physics 101. | Registered: Nov 2001  |  IP: Logged
ReeferMadness
rabble-rouser
Babbler # 2743

posted 11 November 2002 11:26 PM      Profile for ReeferMadness     Send New Private Message      Edit/Delete Post  Reply With Quote 
Further concentrate the wealth by giving more money to the rich. They will plow it into money market funds.

More fresh thinking from the flat earth society.


From: Way out there | Registered: Jun 2002  |  IP: Logged
Secret Agent Style
rabble-rouser
Babbler # 2077

posted 11 November 2002 11:50 PM      Profile for Secret Agent Style        Edit/Delete Post  Reply With Quote 
quote:
Further concentrate the wealth by giving more money to the rich. They will plow it into money market funds.

And send it to offshore accounts where they can avoid even more taxes, or spend it on vacations in other countries, and buy expensive products made by foreign-owned companies. That will sure boost the domestic economy!

Or maybe they'll donate it to the local food banks and homeless shelters. Yeah, right.

[ November 11, 2002: Message edited by: Andy Social ]


From: classified | Registered: Jan 2002  |  IP: Logged

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