Great posts Mvic. Unleashing the economic potential of every individual in the country through lower taxes and pro-small business policies lifts all boats.
Sounds like what we heard from Nader supporters back in 2000, no difference between Bush and Gore. They were wrong and it cost them big time. Is it too much to hope that we learn the lessons of history?
Thanks, and for making the point succinctly. Its isn't rocket science, its works, and has done time and again yet people still want to reinvent the wheel.
Where would the economy be? Smack dab in the midst of the same credit crisis it's facing right now. I don't think the absence of those major events would have prevented the global credit rout. Delayed it perhaps.
I agree with your pro-growth thesis, but a certain portion of the political spectrum have been milking the deep-seated fear of the bogeyman "Taxes" to their own political advantage for as long as I can remember. And not as part of a coherent plan of economic growth and fiscal responsibility (that should be obvious by now!), but just as a matter of appealing to people's most base, self-interest by convincing them that if they vote for the "other guy" he will raise their taxes and they will end up with less money in their wallets. Of course no one on Earth wants to pay more taxes, and of course everyone wants a strong, growing economy. Yet taxation is necessary to the survival of any nation, and a nation heavily burdened by debt will eventually have to eventually make great sacrifices in one form or another. I'm not posting here as an Obama supporter, but the guy in the interview is obviously pushing his own economic agenda. He is making emphatic statements about what Obama will do if he is elected, when 1) there is no reason to take at face value this guy's paraphrasing of Obama's economic policy from someone who is openly expressing their own agenda 2) Obama's economic plan is probably not very well articulated at this point; He's short on specifics in a number of areas, and people can see into this whatever they want. 3) If he is elected, much of his policy will be greatly shaped by the people he appoints, and whatever policies they adopt will then need to filter through the great morass known as Congress, so the end product will likely be a very watered-down version of what what went in...
Compared to what? A pot in every kitchen and a chicken in every pot? And now, after Aunt Hillary and Obama outbid each other with my money to "give" the least productive a hospital bed in their bedroom with a gold plated pot to piss in? All you tax hikers feel free to donate above and beyond whatever rates you're paying. When 50.1% of my money is taken(State and Feds only no local gangsters taken into consideration) that is no longer taxation. That is confiscation. (ill)liberals have a jive answer for everything but if you ask them a very simple question based on reality and not theory, they either cannot or will not answer it. For example: What % of the individuals income (those making >300k/year ie less than 5% of ALL US. taxpayers) would satisfy your rapacious social programs needs? 60%? 70? More? The silence is deafening. BTW, George Bush is no rose and will probably bankrupt the US, so kindly refrain from the Kool aid comments. RepubliCRATS and DemiCANS are merely two wings of the same bird of prey feasting on the carcass of the American sheeple. Escape from Freedom indeed.
Good old technique of getting majority on your side by promising to give them 'other people's money', politics, dirty business.
The amount of hatred some of you express for their own nation is interesting to say the least. As (Elite)traders, why don't some of you consider leaving the 'terribly socialist and doomed United States', renounce your citizenship in order to free yourself from paying taxes on your worldwide income and move to another country? Dubai, Monaco, Bahamas, Panama are all no/lowtax. If you're capitalized and an independent trader you should have nothing to worry about. The world is your home.