Thanks! I don't know why it's been so difficult for Conservatives to just tell it straight instead of spouting some obscure platitude, i.e., "correlation =/= causation". Furthermore, if you're going to make the claim that varying events affected the effectiveness of the Bush tax cuts, then my question then is "Why didn't the Bush-43 administration work to modify the cuts based on what was happening within the nation's economy? The way I see it, his administration dropped the ball here just as they did w/the War on Terror. They took their eye off the ball - twice!
Since 1961, only one Democrat President - Clinton - dared to raise taxes and he did so only on the wealthiest 1.2% of Americans. He also cut spending by over $200 billion and had the longest period of economic growth in this nation's history. In fact, only Kennedy and Clinton, two Democrat presidents, remain the only U.S. Presidents to spur long-term economic growth over the last 50 years. Kennedy did so by creating NASA and fully engaging the nation in the Space Race. Clinton did so by deregulating the banking, investment, securities and insurance industries and used housing to invest in growth. (See Gramm-Leach-Bliley Act) To a large degree it worked. Except for the lack of regulatory oversight, Clinton's initiatives (though controversial) did reduce the deficit. However, ultimately what Clinton tore apart eventually set the nation on a path to the very economic turmoil we're dealing with now. Still, his administration dealt with the mini-banking collapse of 1998. (See Long-term capital investments) It's just too bad we didn't carry forward those lessons learned from 1998 into 2008. Our economy could have been spared at best by government oversight and at worse by duplicating the collaborative efforts within the private banking sector as was done in 1998.
As for political parties curring votes, both sides do it. Republicans think they have the military voting bloc on lock along with the wealthy and the elderly while Democrat mostly get the youth movement, minorities and a vast majority of the middle-class. Both have used various segments of the population - sometimes catering to inner-locking segments, i.e., Independents, to sway votes their way. So, to claim that only those who seek "entitlements" only vote Democrat is like saying everyone who has ever served in the military - active duty, reserves and retired - all vote Republican. Very untrue. Former military here. I generally vote Democrat but I've never voted a straight-party ticket. If I believe a candidate worthy of my vote regardless of party affiliation, he/she will get my vote.
Last edited by Objective Voice; 11-21-10 at 07:19 PM.
Good fiscal policy taxes less desirable behavior (i.e. imports), rewards desirable results (i.e. job creation and exports) and works with the forces associated with capitalism rather than against (Cap and Trade would be an example of working against).
Last edited by ksu_aviator; 11-21-10 at 07:56 PM.
You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”