Quote:
Originally Posted by Cannon Shell
Tax breaks for the Rich has always worked.
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Quote:
Originally Posted by miraja2
You do realize that supply-side economics have proven time after time to be an abject failure....right?
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Quote:
Originally Posted by Cannon Shell
That is not true. Higher taxes and bigger govt have proven time after time to be false prophets.
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ANd the above pretty much illustrates major diff. between economists
as well. Nobody knows for sure what and will not work in situations
like we are in now. We look back for examples that are similar our current
situation.... we find the great depression in the 30's, and a number of others.
But today is still unique. The interconnected nature of the World's economy
is quite novel compared to the past (30's included). Many countries
with all degrees of free market models are suffering.
What is clear is no one knows for sure what needs to be done.
YOu have people who say do nothing. You have people saying
we are not spending enough. You have people saying there is
some happy medium(that is of course never found because this
has now become the refuge of so many politicians, they all have
their own unique medium) This stimulus/spending... prochoice/prolife
blah blah blah (choose a name that makes it feel rightfor you) is another example of big bogus conflicts because there is
clearly NOT a right answer. After the fact there will be many
I told you so's.
WE are in an experimentation mode.
My take trying to understand this mess.