George W. Bush's Tax Cuts Failed.

C

Captain America

Guest
http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes

Bernanke: Juice the economy 'quickly'
Fed chairman, urging lawmakers to boost consumer spending within 12
months, tags mortgage meltdown's cost at $100 billion or more.

NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
Congress Thursday that legislators should enact a fiscal stimulus
package in order to help beleaguered consumers as recession fears grow.

Bernanke testified at a hearing before the House Budget Committee. His
comments come as more economists and politicians are expressing concerns
about the state of the economy, which has begun to weaken due to the
subprime mortgage meltdown.

"To be useful, a fiscal stimulus package should be implemented quickly
and structured so that its effects on aggregate spending are felt as
much as possible within the next twelve months or so," Bernanke said in
his prepared remarks.
Experts: Congress must act fast to fix economy

Some economists have suggested that the economy is heading into a
recession or may already be in one. Stocks have plummeted this year due
to worries about a recession, and big banks Citigroup (C, Fortune 500)
and Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
week resulting from bad mortgage investments.


~~~

Haven't we already given money to rich people? Why are we going to do it
again?"
 
"Captain America" <america.captain@gmail.com> wrote in message
news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>
> Bernanke: Juice the economy 'quickly'
> Fed chairman, urging lawmakers to boost consumer spending within 12
> months, tags mortgage meltdown's cost at $100 billion or more.
>
> NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
> Congress Thursday that legislators should enact a fiscal stimulus package
> in order to help beleaguered consumers as recession fears grow.
>
> Bernanke testified at a hearing before the House Budget Committee. His
> comments come as more economists and politicians are expressing concerns
> about the state of the economy, which has begun to weaken due to the
> subprime mortgage meltdown.
>
> "To be useful, a fiscal stimulus package should be implemented quickly and
> structured so that its effects on aggregate spending are felt as much as
> possible within the next twelve months or so," Bernanke said in his
> prepared remarks.
> Experts: Congress must act fast to fix economy
>
> Some economists have suggested that the economy is heading into a
> recession or may already be in one. Stocks have plummeted this year due to
> worries about a recession, and big banks Citigroup (C, Fortune 500) and
> Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this week
> resulting from bad mortgage investments.
>
>
> ~~~
>
> Haven't we already given money to rich people? Why are we going to do it
> again?"
 
Taylor wrote:
>
> "Captain America" <america.captain@gmail.com> wrote in message
> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>>
>>
>> Bernanke: Juice the economy 'quickly'
>> Fed chairman, urging lawmakers to boost consumer spending within 12
>> months, tags mortgage meltdown's cost at $100 billion or more.
>>
>> NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
>> Congress Thursday that legislators should enact a fiscal stimulus
>> package in order to help beleaguered consumers as recession fears grow.
>>
>> Bernanke testified at a hearing before the House Budget Committee. His
>> comments come as more economists and politicians are expressing
>> concerns about the state of the economy, which has begun to weaken due
>> to the subprime mortgage meltdown.
>>
>> "To be useful, a fiscal stimulus package should be implemented quickly
>> and structured so that its effects on aggregate spending are felt as
>> much as possible within the next twelve months or so," Bernanke said
>> in his prepared remarks.
>> Experts: Congress must act fast to fix economy
>>
>> Some economists have suggested that the economy is heading into a
>> recession or may already be in one. Stocks have plummeted this year
>> due to worries about a recession, and big banks Citigroup (C, Fortune
>> 500) and Merrill Lynch (MER, Fortune 500) reported huge quarterly
>> losses this week resulting from bad mortgage investments.
>>
>>
>> ~~~
>>
>> Haven't we already given money to rich people? Why are we going to do
>> it again?"
 
"Taylor" <taylor@nospam2me.com> wrote in message
news:478f8c36$0$18439$4c368faf@roadrunner.com...
>
> "Captain America" <america.captain@gmail.com> wrote in message
> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
> >
http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
> >
> > Bernanke: Juice the economy 'quickly'
> > Fed chairman, urging lawmakers to boost consumer spending within 12
> > months, tags mortgage meltdown's cost at $100 billion or more.
> >
> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
> > Congress Thursday that legislators should enact a fiscal stimulus
package
> > in order to help beleaguered consumers as recession fears grow.
> >
> > Bernanke testified at a hearing before the House Budget Committee. His
> > comments come as more economists and politicians are expressing concerns
> > about the state of the economy, which has begun to weaken due to the
> > subprime mortgage meltdown.
> >
> > "To be useful, a fiscal stimulus package should be implemented quickly
and
> > structured so that its effects on aggregate spending are felt as much as
> > possible within the next twelve months or so," Bernanke said in his
> > prepared remarks.
> > Experts: Congress must act fast to fix economy
> >
> > Some economists have suggested that the economy is heading into a
> > recession or may already be in one. Stocks have plummeted this year due
to
> > worries about a recession, and big banks Citigroup (C, Fortune 500) and
> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
week
> > resulting from bad mortgage investments.
> >
> >
> > ~~~
> >
> > Haven't we already given money to rich people? Why are we going to do it
> > again?"
 
"Dion" <dion@noreturn.com> wrote in message
news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
>
> "Taylor" <taylor@nospam2me.com> wrote in message
> news:478f8c36$0$18439$4c368faf@roadrunner.com...
>>
>> "Captain America" <america.captain@gmail.com> wrote in message
>> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>> >
> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>> >
>> > Bernanke: Juice the economy 'quickly'
>> > Fed chairman, urging lawmakers to boost consumer spending within 12
>> > months, tags mortgage meltdown's cost at $100 billion or more.
>> >
>> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
>> > Congress Thursday that legislators should enact a fiscal stimulus
> package
>> > in order to help beleaguered consumers as recession fears grow.
>> >
>> > Bernanke testified at a hearing before the House Budget Committee. His
>> > comments come as more economists and politicians are expressing
>> > concerns
>> > about the state of the economy, which has begun to weaken due to the
>> > subprime mortgage meltdown.
>> >
>> > "To be useful, a fiscal stimulus package should be implemented quickly
> and
>> > structured so that its effects on aggregate spending are felt as much
>> > as
>> > possible within the next twelve months or so," Bernanke said in his
>> > prepared remarks.
>> > Experts: Congress must act fast to fix economy
>> >
>> > Some economists have suggested that the economy is heading into a
>> > recession or may already be in one. Stocks have plummeted this year due
> to
>> > worries about a recession, and big banks Citigroup (C, Fortune 500) and
>> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
> week
>> > resulting from bad mortgage investments.
>> >
>> >
>> > ~~~
>> >
>> > Haven't we already given money to rich people? Why are we going to do
>> > it
>> > again?"
 
"Captain America" <america.captain@gmail.com> wrote in message
news:x86dnanInp0_ExLanZ2dnUVZ_quhnZ2d@comcast.com...
> Taylor wrote:
>>
>> "Captain America" <america.captain@gmail.com> wrote in message
>> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>>> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>>>
>>> Bernanke: Juice the economy 'quickly'
>>> Fed chairman, urging lawmakers to boost consumer spending within 12
>>> months, tags mortgage meltdown's cost at $100 billion or more.
>>>
>>> NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
>>> Congress Thursday that legislators should enact a fiscal stimulus
>>> package in order to help beleaguered consumers as recession fears grow.
>>>
>>> Bernanke testified at a hearing before the House Budget Committee. His
>>> comments come as more economists and politicians are expressing concerns
>>> about the state of the economy, which has begun to weaken due to the
>>> subprime mortgage meltdown.
>>>
>>> "To be useful, a fiscal stimulus package should be implemented quickly
>>> and structured so that its effects on aggregate spending are felt as
>>> much as possible within the next twelve months or so," Bernanke said in
>>> his prepared remarks.
>>> Experts: Congress must act fast to fix economy
>>>
>>> Some economists have suggested that the economy is heading into a
>>> recession or may already be in one. Stocks have plummeted this year due
>>> to worries about a recession, and big banks Citigroup (C, Fortune 500)
>>> and Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
>>> week resulting from bad mortgage investments.
>>>
>>>
>>> ~~~
>>>
>>> Haven't we already given money to rich people? Why are we going to do it
>>> again?"
 
On Jan 17, 11:11 am, "Taylor" <tay...@nospam2me.com> wrote:
> "Captain America" <america.capt...@gmail.com> wrote in message
>
> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>
>
>
>
>
> >http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?c...
>
> > Bernanke: Juice the economy 'quickly'
> > Fed chairman, urging lawmakers to boost consumer spending within 12
> > months, tags mortgage meltdown's cost at $100 billion or more.
>
> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
> > Congress Thursday that legislators should enact a fiscal stimulus package
> > in order to help beleaguered consumers as recession fears grow.
>
> > Bernanke testified at a hearing before the House Budget Committee. His
> > comments come as more economists and politicians are expressing concerns
> > about the state of the economy, which has begun to weaken due to the
> > subprime mortgage meltdown.
>
> > "To be useful, a fiscal stimulus package should be implemented quickly and
> > structured so that its effects on aggregate spending are felt as much as
> > possible within the next twelve months or so," Bernanke said in his
> > prepared remarks.
> > Experts: Congress must act fast to fix economy
>
> > Some economists have suggested that the economy is heading into a
> > recession or may already be in one. Stocks have plummeted this year due to
> > worries about a recession, and big banks Citigroup (C, Fortune 500) and
> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this week
> > resulting from bad mortgage investments.
>
> > ~~~
>
> > Haven't we already given money to rich people? Why are we going to do it
> > again?" --George W. Bush, to economic advisers discussing a second round of
> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
>
> How is this a failure of Bush's tax cuts? If anything, it argues for more
> tax cuts



More borrowing from abroad. It's the Reagan Way.
 
"Eddie Haskell" <Me@meme.com> wrote in message
news:GSMjj.74484$L%6.13557@bignews3.bellsouth.net...
>
> "Dion" <dion@noreturn.com> wrote in message
> news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
> >
> > "Taylor" <taylor@nospam2me.com> wrote in message
> > news:478f8c36$0$18439$4c368faf@roadrunner.com...
> >>
> >> "Captain America" <america.captain@gmail.com> wrote in message
> >> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
> >> >
> >
http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
> >> >
> >> > Bernanke: Juice the economy 'quickly'
> >> > Fed chairman, urging lawmakers to boost consumer spending within 12
> >> > months, tags mortgage meltdown's cost at $100 billion or more.
> >> >
> >> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
> >> > Congress Thursday that legislators should enact a fiscal stimulus
> > package
> >> > in order to help beleaguered consumers as recession fears grow.
> >> >
> >> > Bernanke testified at a hearing before the House Budget Committee.
His
> >> > comments come as more economists and politicians are expressing
> >> > concerns
> >> > about the state of the economy, which has begun to weaken due to the
> >> > subprime mortgage meltdown.
> >> >
> >> > "To be useful, a fiscal stimulus package should be implemented
quickly
> > and
> >> > structured so that its effects on aggregate spending are felt as much
> >> > as
> >> > possible within the next twelve months or so," Bernanke said in his
> >> > prepared remarks.
> >> > Experts: Congress must act fast to fix economy
> >> >
> >> > Some economists have suggested that the economy is heading into a
> >> > recession or may already be in one. Stocks have plummeted this year
due
> > to
> >> > worries about a recession, and big banks Citigroup (C, Fortune 500)
and
> >> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
> > week
> >> > resulting from bad mortgage investments.
> >> >
> >> >
> >> > ~~~
> >> >
> >> > Haven't we already given money to rich people? Why are we going to do
> >> > it
> >> > again?" -George W. Bush, to economic advisers discussing a second
round
> > of
> >> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
> >>
> >> How is this a failure of Bush's tax cuts? If anything, it argues for
> >> more
> >> tax cuts.
> >
> > Economy doing well, cut taxes.
> > Economy doing bad, cut taxes
>
> The economy wasn't doing well when Bush cut taxes

I had no idea the econony wasn't doing well. All I've heard from GWBush and
his administartion is how the economy is goin' like gang-busters . U.S.
corporate media does nothing more than feed me dasily bullshit, so I'm glad
I can rely on Usenet posters such as yourself to bring forth solid facts
about what's been happening to the country for the past seven years.

> > Fuzzy math has never been this fuzzy.
>
> JFK was fuzzy?

Reagan sold weapons to Iran!

Dion
 
"Dion" <dion@noreturn.com> wrote in message
news:A92dncSCgImVOBLanZ2dnUVZ_rmjnZ2d@giganews.com...
>
> "Eddie Haskell" <Me@meme.com> wrote in message
> news:GSMjj.74484$L%6.13557@bignews3.bellsouth.net...
>>
>> "Dion" <dion@noreturn.com> wrote in message
>> news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
>> >
>> > "Taylor" <taylor@nospam2me.com> wrote in message
>> > news:478f8c36$0$18439$4c368faf@roadrunner.com...
>> >>
>> >> "Captain America" <america.captain@gmail.com> wrote in message
>> >> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>> >> >
>> >
> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>> >> >
>> >> > Bernanke: Juice the economy 'quickly'
>> >> > Fed chairman, urging lawmakers to boost consumer spending within 12
>> >> > months, tags mortgage meltdown's cost at $100 billion or more.
>> >> >
>> >> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke
>> >> > told
>> >> > Congress Thursday that legislators should enact a fiscal stimulus
>> > package
>> >> > in order to help beleaguered consumers as recession fears grow.
>> >> >
>> >> > Bernanke testified at a hearing before the House Budget Committee.
> His
>> >> > comments come as more economists and politicians are expressing
>> >> > concerns
>> >> > about the state of the economy, which has begun to weaken due to the
>> >> > subprime mortgage meltdown.
>> >> >
>> >> > "To be useful, a fiscal stimulus package should be implemented
> quickly
>> > and
>> >> > structured so that its effects on aggregate spending are felt as
>> >> > much
>> >> > as
>> >> > possible within the next twelve months or so," Bernanke said in his
>> >> > prepared remarks.
>> >> > Experts: Congress must act fast to fix economy
>> >> >
>> >> > Some economists have suggested that the economy is heading into a
>> >> > recession or may already be in one. Stocks have plummeted this year
> due
>> > to
>> >> > worries about a recession, and big banks Citigroup (C, Fortune 500)
> and
>> >> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
>> > week
>> >> > resulting from bad mortgage investments.
>> >> >
>> >> >
>> >> > ~~~
>> >> >
>> >> > Haven't we already given money to rich people? Why are we going to
>> >> > do
>> >> > it
>> >> > again?" -George W. Bush, to economic advisers discussing a second
> round
>> > of
>> >> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
>> >>
>> >> How is this a failure of Bush's tax cuts? If anything, it argues for
>> >> more
>> >> tax cuts.
>> >
>> > Economy doing well, cut taxes.
>> > Economy doing bad, cut taxes
>>
>> The economy wasn't doing well when Bush cut taxes
>
> I had no idea the econony wasn't doing well.

Why? Bush told you it wasn't and democrats said that he was talking down the
economy.

> All I've heard from GWBush and
> his administartion is how the economy is goin' like gang-busters .

Uhmm.. No. Bush said the economy wasn't doing well and so cut taxes.

> U.S.
> corporate media does nothing more than feed me dasily bullshit

The left-wing media has been playing down the economy when it was doing well
for years.

> so I'm glad
> I can rely on Usenet posters such as yourself to bring forth solid facts
> about what's been happening to the country for the past seven years.

I didn't say anything about the past seven years.

Damn, you're dumb.

>> > Fuzzy math has never been this fuzzy.
>>
>> JFK was fuzzy?
>
> Reagan sold weapons to Iran!

Dumber-n-a-sack-a-hammers.
 
"Dion" <dion@noreturn.com> wrote in message
news:A92dncSCgImVOBLanZ2dnUVZ_rmjnZ2d@giganews.com...
>
> "Eddie Haskell" <Me@meme.com> wrote in message
> news:GSMjj.74484$L%6.13557@bignews3.bellsouth.net...
>>
>> "Dion" <dion@noreturn.com> wrote in message
>> news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
>> >
>> > "Taylor" <taylor@nospam2me.com> wrote in message
>> > news:478f8c36$0$18439$4c368faf@roadrunner.com...
>> >>
>> >> "Captain America" <america.captain@gmail.com> wrote in message
>> >> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>> >> >
>> >
> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>> >> >
>> >> > Bernanke: Juice the economy 'quickly'
>> >> > Fed chairman, urging lawmakers to boost consumer spending within 12
>> >> > months, tags mortgage meltdown's cost at $100 billion or more.
>> >> >
>> >> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke
>> >> > told
>> >> > Congress Thursday that legislators should enact a fiscal stimulus
>> > package
>> >> > in order to help beleaguered consumers as recession fears grow.
>> >> >
>> >> > Bernanke testified at a hearing before the House Budget Committee.
> His
>> >> > comments come as more economists and politicians are expressing
>> >> > concerns
>> >> > about the state of the economy, which has begun to weaken due to the
>> >> > subprime mortgage meltdown.
>> >> >
>> >> > "To be useful, a fiscal stimulus package should be implemented
> quickly
>> > and
>> >> > structured so that its effects on aggregate spending are felt as
>> >> > much
>> >> > as
>> >> > possible within the next twelve months or so," Bernanke said in his
>> >> > prepared remarks.
>> >> > Experts: Congress must act fast to fix economy
>> >> >
>> >> > Some economists have suggested that the economy is heading into a
>> >> > recession or may already be in one. Stocks have plummeted this year
> due
>> > to
>> >> > worries about a recession, and big banks Citigroup (C, Fortune 500)
> and
>> >> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
>> > week
>> >> > resulting from bad mortgage investments.
>> >> >
>> >> >
>> >> > ~~~
>> >> >
>> >> > Haven't we already given money to rich people? Why are we going to
>> >> > do
>> >> > it
>> >> > again?" -George W. Bush, to economic advisers discussing a second
> round
>> > of
>> >> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
>> >>
>> >> How is this a failure of Bush's tax cuts? If anything, it argues for
>> >> more
>> >> tax cuts.
>> >
>> > Economy doing well, cut taxes.
>> > Economy doing bad, cut taxes
>>
>> The economy wasn't doing well when Bush cut taxes
>
> I had no idea the econony wasn't doing well. All I've heard from GWBush
> and
> his administartion is how the economy is goin' like gang-busters . U.S.
> corporate media does nothing more than feed me dasily bullshit, so I'm
> glad
> I can rely on Usenet posters such as yourself to bring forth solid facts
> about what's been happening to the country for the past seven years.
>
"If" you really want to know how the economy is doing, subscribe to the many
publications that the Federal Reserve Bank puts out, many of them you can
get for free..... You might even learn a little about how our economy
works.
 
On Jan 17, 11:21 am, Captain America <america.capt...@gmail.com>
wrote:
> Taylor wrote:
>
> > "Captain America" <america.capt...@gmail.com> wrote in message
> >news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
> >>http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?c...
>
> >> Bernanke: Juice the economy 'quickly'
> >> Fed chairman, urging lawmakers to boost consumer spending within 12
> >> months, tags mortgage meltdown's cost at $100 billion or more.
>
> >> NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
> >> Congress Thursday that legislators should enact a fiscal stimulus
> >> package in order to help beleaguered consumers as recession fears grow.
>
> >> Bernanke testified at a hearing before the House Budget Committee. His
> >> comments come as more economists and politicians are expressing
> >> concerns about the state of the economy, which has begun to weaken due
> >> to the subprime mortgage meltdown.
>
> >> "To be useful, a fiscal stimulus package should be implemented quickly
> >> and structured so that its effects on aggregate spending are felt as
> >> much as possible within the next twelve months or so," Bernanke said
> >> in his prepared remarks.
> >> Experts: Congress must act fast to fix economy
>
> >> Some economists have suggested that the economy is heading into a
> >> recession or may already be in one. Stocks have plummeted this year
> >> due to worries about a recession, and big banks Citigroup (C, Fortune
> >> 500) and Merrill Lynch (MER, Fortune 500) reported huge quarterly
> >> losses this week resulting from bad mortgage investments.
>
> >> ~~~
>
> >> Haven't we already given money to rich people? Why are we going to do
> >> it again?" --George W. Bush, to economic advisers discussing a second
> >> round of tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov.
> >> 26, 2002
>
> > How is this a failure of Bush's tax cuts? If anything, it argues for
> > more tax cuts.
>
> Bush has touted tax cuts, and on the promise that it would boost our
> economy. I got news for you, our economy isn't booming, people are
> foreclosing on their homes, the IRS is harassing tax payers more and now
> Bernanke is pleading for help.
>
> I would call the tax cuts an experiment. But the word experiment implies
> thought. The tax cuts were an economic guess, and it was wrong.


Republicans have talked themselves into the idea that Reagan
stimulated the economy by cutting taxes (he later raised them, twice,
but nevermind that inconvenient little tidbit), when he actually got
us out of a nasty recession by revving the economy up for World War
Three. The Gippper acted as though the Russians were massing 50
divisions on the Rio Grande and he reacted accordingly, which had
exactly the same effect on the economy in 1982 that it had had in
1942. Reagans hero was FDR, he had lived through both the great
depression and WW2 and he knew that it was the war and not The New
Deal that got the economy moving again. Not tax cuts, either. The
Chimpster has managed to spend more on defense than Reagan ever did,
cut taxes more than Reagan ever did and deficit spent more than Reagan
ever did without helping the economy at all, so that option to dealing
with a recession is off the table, but it did work, once upon a time,
before we completely exhausted every line of credit.
 
"Eddie Haskell" <jdjdjdj@hdhdhdh.com> wrote in message
news:xyOjj.74537$L%6.46994@bignews3.bellsouth.net...
>
> "Dion" <dion@noreturn.com> wrote in message
> news:A92dncSCgImVOBLanZ2dnUVZ_rmjnZ2d@giganews.com...
>>
>> "Eddie Haskell" <Me@meme.com> wrote in message
>> news:GSMjj.74484$L%6.13557@bignews3.bellsouth.net...
>>>
>>> "Dion" <dion@noreturn.com> wrote in message
>>> news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
>>> >
>>> > "Taylor" <taylor@nospam2me.com> wrote in message
>>> > news:478f8c36$0$18439$4c368faf@roadrunner.com...
>>> >>
>>> >> "Captain America" <america.captain@gmail.com> wrote in message
>>> >> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>>> >> >
>>> >
>> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>>> >> >
>>> >> > Bernanke: Juice the economy 'quickly'
>>> >> > Fed chairman, urging lawmakers to boost consumer spending within 12
>>> >> > months, tags mortgage meltdown's cost at $100 billion or more.
>>> >> >
>>> >> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke
>>> >> > told
>>> >> > Congress Thursday that legislators should enact a fiscal stimulus
>>> > package
>>> >> > in order to help beleaguered consumers as recession fears grow.
>>> >> >
>>> >> > Bernanke testified at a hearing before the House Budget Committee.
>> His
>>> >> > comments come as more economists and politicians are expressing
>>> >> > concerns
>>> >> > about the state of the economy, which has begun to weaken due to
>>> >> > the
>>> >> > subprime mortgage meltdown.
>>> >> >
>>> >> > "To be useful, a fiscal stimulus package should be implemented
>> quickly
>>> > and
>>> >> > structured so that its effects on aggregate spending are felt as
>>> >> > much
>>> >> > as
>>> >> > possible within the next twelve months or so," Bernanke said in his
>>> >> > prepared remarks.
>>> >> > Experts: Congress must act fast to fix economy
>>> >> >
>>> >> > Some economists have suggested that the economy is heading into a
>>> >> > recession or may already be in one. Stocks have plummeted this year
>> due
>>> > to
>>> >> > worries about a recession, and big banks Citigroup (C, Fortune 500)
>> and
>>> >> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses
>>> >> > this
>>> > week
>>> >> > resulting from bad mortgage investments.
>>> >> >
>>> >> >
>>> >> > ~~~
>>> >> >
>>> >> > Haven't we already given money to rich people? Why are we going to
>>> >> > do
>>> >> > it
>>> >> > again?" -George W. Bush, to economic advisers discussing a second
>> round
>>> > of
>>> >> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
>>> >>
>>> >> How is this a failure of Bush's tax cuts? If anything, it argues for
>>> >> more
>>> >> tax cuts.
>>> >
>>> > Economy doing well, cut taxes.
>>> > Economy doing bad, cut taxes
>>>
>>> The economy wasn't doing well when Bush cut taxes
>>
>> I had no idea the econony wasn't doing well.
>
> Why? Bush told you it wasn't and democrats said that he was talking down
> the economy.
>
>> All I've heard from GWBush and
>> his administartion is how the economy is goin' like gang-busters .
>
> Uhmm.. No. Bush said the economy wasn't doing well and so cut taxes.
>
>> U.S.
>> corporate media does nothing more than feed me dasily bullshit
>
> The left-wing media has been playing down the economy when it was doing
> well for years.
>
>> so I'm glad
>> I can rely on Usenet posters such as yourself to bring forth solid facts
>> about what's been happening to the country for the past seven years.
>
> I didn't say anything about the past seven years.
>
> Damn, you're dumb.
>
>>> > Fuzzy math has never been this fuzzy.
>>>
>>> JFK was fuzzy?
>>
>> Reagan sold weapons to Iran!
>
> Dumber-n-a-sack-a-hammers.
>

I thought it was, "Dumber-than-a-bag-of-hammers", but I don't have the movie
here to check it.

Another line to describe Mr Haskell is that he doesn't have the sense the
Good Lord gave a head of lettuce.

Charles the Curmudgeon
 
"Eddie Haskell" <jdjdjdj@hdhdhdh.com> wrote in message
news:xyOjj.74537$L%6.46994@bignews3.bellsouth.net...
>
> "Dion" <dion@noreturn.com> wrote in message
> news:A92dncSCgImVOBLanZ2dnUVZ_rmjnZ2d@giganews.com...
>>
>> "Eddie Haskell" <Me@meme.com> wrote in message
>> news:GSMjj.74484$L%6.13557@bignews3.bellsouth.net...
>>>
>>> "Dion" <dion@noreturn.com> wrote in message
>>> news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
>>> >
>>> > "Taylor" <taylor@nospam2me.com> wrote in message
>>> > news:478f8c36$0$18439$4c368faf@roadrunner.com...
>>> >>
>>> >> "Captain America" <america.captain@gmail.com> wrote in message
>>> >> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>>> >> >
>>> >
>> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>>> >> >
>>> >> > Bernanke: Juice the economy 'quickly'
>>> >> > Fed chairman, urging lawmakers to boost consumer spending within 12
>>> >> > months, tags mortgage meltdown's cost at $100 billion or more.
>>> >> >
>>> >> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke
>>> >> > told
>>> >> > Congress Thursday that legislators should enact a fiscal stimulus
>>> > package
>>> >> > in order to help beleaguered consumers as recession fears grow.
>>> >> >
>>> >> > Bernanke testified at a hearing before the House Budget Committee.
>> His
>>> >> > comments come as more economists and politicians are expressing
>>> >> > concerns
>>> >> > about the state of the economy, which has begun to weaken due to
>>> >> > the
>>> >> > subprime mortgage meltdown.
>>> >> >
>>> >> > "To be useful, a fiscal stimulus package should be implemented
>> quickly
>>> > and
>>> >> > structured so that its effects on aggregate spending are felt as
>>> >> > much
>>> >> > as
>>> >> > possible within the next twelve months or so," Bernanke said in his
>>> >> > prepared remarks.
>>> >> > Experts: Congress must act fast to fix economy
>>> >> >
>>> >> > Some economists have suggested that the economy is heading into a
>>> >> > recession or may already be in one. Stocks have plummeted this year
>> due
>>> > to
>>> >> > worries about a recession, and big banks Citigroup (C, Fortune 500)
>> and
>>> >> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses
>>> >> > this
>>> > week
>>> >> > resulting from bad mortgage investments.
>>> >> >
>>> >> >
>>> >> > ~~~
>>> >> >
>>> >> > Haven't we already given money to rich people? Why are we going to
>>> >> > do
>>> >> > it
>>> >> > again?" -George W. Bush, to economic advisers discussing a second
>> round
>>> > of
>>> >> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
>>> >>
>>> >> How is this a failure of Bush's tax cuts? If anything, it argues for
>>> >> more
>>> >> tax cuts.
>>> >
>>> > Economy doing well, cut taxes.
>>> > Economy doing bad, cut taxes
>>>
>>> The economy wasn't doing well when Bush cut taxes
>>
>> I had no idea the econony wasn't doing well.
>
> Why? Bush told you it wasn't and democrats said that he was talking down
> the economy.
>
>> All I've heard from GWBush and
>> his administartion is how the economy is goin' like gang-busters .
>
> Uhmm.. No. Bush said the economy wasn't doing well and so cut taxes.
>
>> U.S.
>> corporate media does nothing more than feed me dasily bullshit
>
> The left-wing media has been playing down the economy when it was doing
> well for years.
>
>> so I'm glad
>> I can rely on Usenet posters such as yourself to bring forth solid facts
>> about what's been happening to the country for the past seven years.
>
> I didn't say anything about the past seven years.
>
> Damn, you're dumb.
>
>>> > Fuzzy math has never been this fuzzy.
>>>
>>> JFK was fuzzy?
>>
>> Reagan sold weapons to Iran!
>
> Dumber-n-a-sack-a-hammers.
>

Oops, Eddie, I'm still getting used to the newsreader in Windows Mail and it
looked like the post that said Reagan sold weapons to Iran looked like
(Outlook Express format) that you had posted it. I apologize. It was Dion
that apparently doesn't have the sense the Good Lord gave a head of lettuce.

Charles the Curmudgeon
 
On Thu, 17 Jan 2008 12:18:33 -0600, "Eddie Haskell" <Me@meme.com>
wrote:

>
>"Captain America" <america.captain@gmail.com> wrote in message
>news:x86dnanInp0_ExLanZ2dnUVZ_quhnZ2d@comcast.com...
>> Taylor wrote:
>>>
>>> "Captain America" <america.captain@gmail.com> wrote in message
>>> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>>>> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>>>>
>>>> Bernanke: Juice the economy 'quickly'
>>>> Fed chairman, urging lawmakers to boost consumer spending within 12
>>>> months, tags mortgage meltdown's cost at $100 billion or more.
>>>>
>>>> NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
>>>> Congress Thursday that legislators should enact a fiscal stimulus
>>>> package in order to help beleaguered consumers as recession fears grow.
>>>>
>>>> Bernanke testified at a hearing before the House Budget Committee. His
>>>> comments come as more economists and politicians are expressing concerns
>>>> about the state of the economy, which has begun to weaken due to the
>>>> subprime mortgage meltdown.
>>>>
>>>> "To be useful, a fiscal stimulus package should be implemented quickly
>>>> and structured so that its effects on aggregate spending are felt as
>>>> much as possible within the next twelve months or so," Bernanke said in
>>>> his prepared remarks.
>>>> Experts: Congress must act fast to fix economy
>>>>
>>>> Some economists have suggested that the economy is heading into a
>>>> recession or may already be in one. Stocks have plummeted this year due
>>>> to worries about a recession, and big banks Citigroup (C, Fortune 500)
>>>> and Merrill Lynch (MER, Fortune 500) reported huge quarterly losses this
>>>> week resulting from bad mortgage investments.
>>>>
>>>>
>>>> ~~~
>>>>
>>>> Haven't we already given money to rich people? Why are we going to do it
>>>> again?"
 
"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message
news:47900162$0$24099$4c368faf@roadrunner.com...
>
> "Dion" <dion@noreturn.com> wrote in message
> news:A92dncSCgImVOBLanZ2dnUVZ_rmjnZ2d@giganews.com...
> >
> > "Eddie Haskell" <Me@meme.com> wrote in message
> > news:GSMjj.74484$L%6.13557@bignews3.bellsouth.net...
> >>
> >> "Dion" <dion@noreturn.com> wrote in message
> >> news:i8OdnUlJdYo7DBLanZ2dnUVZ_vGinZ2d@giganews.com...
> >> >
> >> > "Taylor" <taylor@nospam2me.com> wrote in message
> >> > news:478f8c36$0$18439$4c368faf@roadrunner.com...
> >> >>
> >> >> "Captain America" <america.captain@gmail.com> wrote in message
> >> >> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
> >> >> >
> >> >
> >
http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
> >> >> >
> >> >> > Bernanke: Juice the economy 'quickly'
> >> >> > Fed chairman, urging lawmakers to boost consumer spending within
12
> >> >> > months, tags mortgage meltdown's cost at $100 billion or more.
> >> >> >
> >> >> > NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke
> >> >> > told
> >> >> > Congress Thursday that legislators should enact a fiscal stimulus
> >> > package
> >> >> > in order to help beleaguered consumers as recession fears grow.
> >> >> >
> >> >> > Bernanke testified at a hearing before the House Budget Committee.
> > His
> >> >> > comments come as more economists and politicians are expressing
> >> >> > concerns
> >> >> > about the state of the economy, which has begun to weaken due to
the
> >> >> > subprime mortgage meltdown.
> >> >> >
> >> >> > "To be useful, a fiscal stimulus package should be implemented
> > quickly
> >> > and
> >> >> > structured so that its effects on aggregate spending are felt as
> >> >> > much
> >> >> > as
> >> >> > possible within the next twelve months or so," Bernanke said in
his
> >> >> > prepared remarks.
> >> >> > Experts: Congress must act fast to fix economy
> >> >> >
> >> >> > Some economists have suggested that the economy is heading into a
> >> >> > recession or may already be in one. Stocks have plummeted this
year
> > due
> >> > to
> >> >> > worries about a recession, and big banks Citigroup (C, Fortune
500)
> > and
> >> >> > Merrill Lynch (MER, Fortune 500) reported huge quarterly losses
this
> >> > week
> >> >> > resulting from bad mortgage investments.
> >> >> >
> >> >> >
> >> >> > ~~~
> >> >> >
> >> >> > Haven't we already given money to rich people? Why are we going to
> >> >> > do
> >> >> > it
> >> >> > again?" -George W. Bush, to economic advisers discussing a second
> > round
> >> > of
> >> >> > tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26,
2002
> >> >>
> >> >> How is this a failure of Bush's tax cuts? If anything, it argues
for
> >> >> more
> >> >> tax cuts.
> >> >
> >> > Economy doing well, cut taxes.
> >> > Economy doing bad, cut taxes
> >>
> >> The economy wasn't doing well when Bush cut taxes
> >
> > I had no idea the econony wasn't doing well. All I've heard from GWBush
> > and
> > his administartion is how the economy is goin' like gang-busters . U.S.
> > corporate media does nothing more than feed me dasily bullshit, so I'm
> > glad
> > I can rely on Usenet posters such as yourself to bring forth solid facts
> > about what's been happening to the country for the past seven years.
> >
> "If" you really want to know how the economy is doing, subscribe to the
many
> publications that the Federal Reserve Bank puts out, many of them you can
> get for free..... You might even learn a little about how our economy
> works.

Considering that all 5 of the current Federal Reserve Board of Governors
were appointed by GWBush, I see no reason to trust the information.
Corporations pay for government legislation in The United States and this
makes us a fascist country. A large chunk of the economy is formed around
the military complex and the many tentacles. Any info put out by U.S.
government agencies should be carefully vetted and taken with a grain of
salt. I see the latest gimmick is to send off a check to all the citizens. I
remember when GWBush took us into a war based on lies and just before the
war he sent me $300 in hush money. You probably got a $300 check too. Once
the new 2008 check is in the mail, I wonder what horrible action my country
will be taken into. $9 trillion in debt, a huge trade imbalance, the falling
dollar, record foreclosures, inadequate healthcare... The USA has no
clothes. On a more personal level, my retirement money is not growing, but
shrinking as of late. My working wage hasn't increased nearly as mush as it
did before 2003, yet everything now costs much more. I'm an average American
citizen, I'm not alone in this. The Federal Reserve has led us down a dark
path, the economy is ready to collapse. I'm thinking of withdrawing all the
money from my retirement accounts and holding onto the rollover check for as
long as possible before I'm penalized. A big crash is coming and it'll be
the average citizen that pays the most.

Dion

Dion
 
> Republicans have talked themselves into the idea that Reagan
> stimulated the economy by cutting taxes
And obviously the current crop of Dem presidential hopefuls have taken
it to heart....Because they are all proposing their own version of tax
cuts.
 
"Lockheed Martin" <warprofits@whitehouse.gov> wrote in message
news:m480p35f28mkeb4nrh8enueo78dh3b9hp8@4ax.com...
> On Thu, 17 Jan 2008 12:18:33 -0600, "Eddie Haskell" <Me@meme.com>
> wrote:
>
>>
>>"Captain America" <america.captain@gmail.com> wrote in message
>>news:x86dnanInp0_ExLanZ2dnUVZ_quhnZ2d@comcast.com...
>>> Taylor wrote:
>>>>
>>>> "Captain America" <america.captain@gmail.com> wrote in message
>>>> news:U7ydnUeykciUGhLanZ2dnUVZ_sOrnZ2d@comcast.com...
>>>>> http://money.cnn.com/2008/01/17/news/economy/fed_bernanke/index.htm?cnn=yes
>>>>>
>>>>> Bernanke: Juice the economy 'quickly'
>>>>> Fed chairman, urging lawmakers to boost consumer spending within 12
>>>>> months, tags mortgage meltdown's cost at $100 billion or more.
>>>>>
>>>>> NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke told
>>>>> Congress Thursday that legislators should enact a fiscal stimulus
>>>>> package in order to help beleaguered consumers as recession fears
>>>>> grow.
>>>>>
>>>>> Bernanke testified at a hearing before the House Budget Committee. His
>>>>> comments come as more economists and politicians are expressing
>>>>> concerns
>>>>> about the state of the economy, which has begun to weaken due to the
>>>>> subprime mortgage meltdown.
>>>>>
>>>>> "To be useful, a fiscal stimulus package should be implemented quickly
>>>>> and structured so that its effects on aggregate spending are felt as
>>>>> much as possible within the next twelve months or so," Bernanke said
>>>>> in
>>>>> his prepared remarks.
>>>>> Experts: Congress must act fast to fix economy
>>>>>
>>>>> Some economists have suggested that the economy is heading into a
>>>>> recession or may already be in one. Stocks have plummeted this year
>>>>> due
>>>>> to worries about a recession, and big banks Citigroup (C, Fortune 500)
>>>>> and Merrill Lynch (MER, Fortune 500) reported huge quarterly losses
>>>>> this
>>>>> week resulting from bad mortgage investments.
>>>>>
>>>>>
>>>>> ~~~
>>>>>
>>>>> Haven't we already given money to rich people? Why are we going to do
>>>>> it
>>>>> again?" -George W. Bush, to economic advisers discussing a second
>>>>> round
>>>>> of tax cuts, as quoted by Paul O'Neil, Washington, D.C., Nov. 26, 2002
>>>>
>>>> How is this a failure of Bush's tax cuts? If anything, it argues for
>>>> more tax cuts.
>>>>
>>>
>>> Bush has touted tax cuts, and on the promise that it would boost our
>>> economy. I got news for you, our economy isn't booming, people are
>>> foreclosing on their homes, the IRS is harassing tax payers more and now
>>> Bernanke is pleading for help.
>>>
>>> I would call the tax cuts an experiment. But the word experiment implies
>>> thought. The tax cuts were an economic guess, and it was wrong.
>>
>>****ing ridiculous.
>>
>>a) Tax cuts got us out of the recession of the early 2000's.
>>
>>b) JFK touted cutting taxes to spur economic growth and it worked.
>>
>>c) There have been a laundry list of recessions during high taxation.
>>
>>d) The REAL reason you make such ridiculous arguments is born out of sheer
>>envy.
>
> Could you be more specific tax cuts for whom exactly?

Everyone.

> Targeted tax cuts for the Middle Class and the poor do work but tax
> loopholes for the rich never worked.

Must not be many since the rich pay the lion's share of all income taxes.
 

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