🚀 go-pugleaf

On Wed, 08 Oct 2008 13:25:09 -0600, junk bonds <ju@nk.moody> wrote:

>Scott wrote:
>> On Wed, 08 Oct 2008 10:32:29 -0600, green lantern <no@evil.escapes>
>> wrote:
>> 
>>> Scott wrote:
>>>> On Wed, 8 Oct 2008 08:18:24 -0700 (PDT), WDS <Bill@seurer.net> wrote:
>>>>
>>>>> On Oct 7, 11:56 pm, charleneco...@excite.com wrote:
>>>>>> If OBAMA gets elected.. the Stock Market will crash
>>>>> Given the current market I guess Obama has already been elected then?
>>>>
>>>> No, but at this point it's almost a done deal that he will be the 
>>>> next one elected to start fixing things.    
>>> Here's a hint - raising taxes in a global recession won't fix a damned 
>>> thing, you moron.
>> 
>> If taxes are raised for the right people/companies, and left alone or 
>> lowered for the average American, it certainly won't hurt.
>
>You're so breathtakingly idiotic it just defies comprehension.
>
>ANY tax hikes during a deep recession are economy killers, period.

No, not true. 

There is no academic study in the world that suggests that tax 
cuts for the wealthy and powerful lead to greater economic 
prosperity. And there is no evidence in academic literature 
that lowering tax rates somehow will generate greater economic 
output and magically end up paying for itself without creating 
greater deficits. Bush's tax cuts resulted in turning a Clinton 
$250 billion annual surplus into a $500 billion-plus annual deficit.

Talk about an "economy killer"!

.
.


- Scott Smith:          scott.smith@iphouse.com
  MySpace:              http://www.myspace.com/choppersmith