Re: interesting article on Obama...


"Rumpelstiltskin" <PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote in message
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On Tue, 8 Jan 2008 06:17:59 -0600, "John Galt"
<whoisjohngalt@xxxxxxxxxxxxxx> wrote:


"Rumpelstiltskin" <PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote in message
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On Mon, 7 Jan 2008 18:12:39 -0600, "John Galt"
<whoisjohngalt@xxxxxxxxxxxxxx> wrote:

<snip>


Not many datapoints showing that government is part of the solution. No
problem finding those where it's part of the problem.


No datapoints at all suggesting we're not nine trillion dollars
in debt, or that the dollar hasn't dropped 40%.

WRT my prior post about the dollar needing to drop, I wanted to add this:

http://www.ft.com/cms/s/0/5a5419aa-bd47-11dc-b7e6-0000779fd2ac.html



That's not a justification, it's just a Monday-morning
quarterbacking of how things got this way, from the
folks who didn't have the common sense that I had,
not to let things get this way in the first place,

You can stop there. The people who didn't have your common sense didn't
cause anything to happen in the political arena. The savings rate is an
endemic, nonpartisan problem that you're dead set on laying at the feet of
the political party you dislike. People who know better aren't buying it.

JG



resulting
from the plainly stupid tax cuts that very clearly, in the
first couple of years of Reagan to anybody dumb
enough to actually have to wait that long, produced
the monster deficits that have now accumulated to
unsustainable debt.


This isn't something I started saying yesterday. I've
been saying it right from when the tax cuts were
initiated under Reagan. I don't got no Nobel prize, but
I done got a lot more sense than some people who do,
it seems. That is, unless there really is a "hidden
agenda" that people in power weren't telling us about,
for which they were willing to sacrifice the country. I
don't believe there's such a conspiracy. I think the
administrations were just a bunch of hopeless and
not at all honest screwups, and also that the American
people got what they deserved if they were so stupid
as to believe such obvious bull as they were being fed.
I just mention the conspiracy theory because it's been
coming up so often these days.




JG




If Friedman
has anything to do with this, it's time to try something else.
Just about anything else.

That's not to say Friedman does have anything to do with
this, I just don't know if he does or not. What's his position
on tariffs, and on graduated taxation especially with reference
to balanced budgets? No claptrap about cutting income and
then cutting spending later. We know that, just like in real life,
that's the opposite of the right way to do things, and that it
doesn't work - horribly doesn't work - in practice.



<snip>






.

Relevant Pages

  • Re: interesting article on Obama...
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  • Re: interesting article on Obama...
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    (soc.retirement)
  • Re: interesting article on Obama...
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