Quote from TM_Direct:
Look up the facts......tell me ONE single thing Clinton did to Stimulate the Economy???? Tell me ONE single thing Bush did to hurt the economy?...Presidents don;t have the power to do much for the economy....the economy was crashing as Bush took office...In fact, the recession started in the 3rd q 2000....Bush was also accused of 'talking down the economy' remember?
The reason the economy is so fucked up is because the market tanked in 2000....followed by the 9-11 disaster....do you know how much 9-11 cost??? It's actually pretty simple...in the 90's a person could invest 10k in some YAHOO and turn it into 100k in a matter of weeks....Everybody and anybody made money on the internet boom....when they would cash out , the Gov't took a hefty 37k out of the 100k profit......what a great system....money to do anything you want right?....how much cap gains tax money is on the board now? This all started in april 2000 with the crash and if it wasn't for 9-11, we probably would have been over it by now. neither Bush nor Clinton can do anything to stimulate the economy....anything to the contrary is foolish.....including the idea of a tax cut ...sure there will be some additional spending but I don;t want the tax cut for economic reasons....I want it because it's my fucking money and I want it back.....
BTW: Does anyone know what is considered " the wealthiest americans"????? still no answers?![]()
funny, i dont remember saying anything about bush or clinton
all i said is that the annual deficit has soared
and you are right, that it has a lot to do with drop in cap gains, which has to do with the bubble and not the president
but in a household budget, if revenue drops without a cut in spending, nothing is done to ballance your budget, your household future is in jeopardy - same true for a nation
whether right or wrong, expanding our role as WorldCop(TM) hasnt helped the situation