E
Eddie Haskell
Guest
"Christopher Helms" <Chrishelms132@yahoo.com> wrote in message
news:d1abb2ad-d0ea-47fd-8fdc-72823f89371e@1g2000hsl.googlegroups.com...
> 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
A minor amount, but to nowhere near where they were before he took office.
Dems like to ignore that inconvenient little tidbit.
news:d1abb2ad-d0ea-47fd-8fdc-72823f89371e@1g2000hsl.googlegroups.com...
> 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
A minor amount, but to nowhere near where they were before he took office.
Dems like to ignore that inconvenient little tidbit.
