[Rhodes22-list] Politics- reply to Rummy on Steve's Comments

[Wally Buck]

Ed,

I will not attack what you say; what you don't understand is we don't agree 
with what you say. You think people that don't agree with you are naive. 
Some of your posts contains historical facts. Some of your posts contain 
errors. Other parts of your posts are your opinion.

Yes 911 was aninstand drainon the economy. However the biggest drain has 
been the war with Iraq. Some of us think attacking Iraq was a mistake. Fact 
- Our leaders now freely admit we attacked Iraq based on bad intel but it 
was the right thing to do anyway. How can this not bother you? We have 
attacked Iraq and killed how many of thousands all because we didn't take 
the time to better confirm the sources.

It seems to me the people for this war are the naive ones. Didn't you learn 
anything from Viet Nam? Our leades will lie to us when they think it is the 
right thing to do. History has shown this. So who is naive?

Wally






>From: "ed kroposki" <ekroposki at charter.net>
>Reply-To: The Rhodes 22 mail list <rhodes22-list at rhodes22.org>
>To: "'The Rhodes 22 mail list'" <rhodes22-list at rhodes22.org>
>Subject: RE: [Rhodes22-list] Politics- reply to Rummy on Steve's Comments
>Date: Wed, 24 Nov 2004 13:47:22 -0500
>
>Mr. Rummy:
>	The U. S. economy is not a television set.  When changes are made to
>tax laws it sometimes takes years for the full effect to be realized.  Then
>there are events that seriously affect the economy that have nothing to do
>with tax policy.  Add to that what is called the 'business cycle', which is
>something that happens, like shit.
>	Reagan asked Congress for and finally got income tax cuts.  Some
>called this 'Voodoo' economics.  However, what happened is that it put more
>dollars into spenders' hands.  What occurred next is called the 'multiplier
>effect'.  That is when the spenders spent their first dollars; the
>recipients in turn spent additional new dollars received from the first.
>This happened many times over.  The net result was increased spending over
>the next few years.  The increased spending meant that more tax dollars 
>were
>collected resulting in a lower Federal debt or assumed surplus during the
>Clinton years.  Clinton had no major events that occurred resulting in his
>needing to request more money from Congress, so the appearance of him
>leaving an almost balanced budget.
>	Low and behold, two events occurred that changed the situation.
>First, the tech bubble and second 9-11.  The tech bubble problems were
>occurring during the last 18 months of the Clinton 2nd term.  The 
>evaluation
>of stock plummeted down.  In truth, the stock and companies involved were
>over valued, and when one fell, it had a domino effect.
>	911 occurred after Clinton left office during the down sliding
>business cycle exacerbated by the tech stock bust.  911 can only truly be
>analogized to 'Pearl Harbor'.  The anti war sentimentist would have waited
>for the next attack.  However, Bush appreciated the nature of his enemy and
>retaliated.  He next continued his aggressive policy by attacking another
>troublemaker.
>	These actions costs lots of money, plain and simple.  They have
>resulted in an increased national debt.  To stop the downward business
>cycle, Bush asked for a tax decrease.  That is put more dollars into
>circulation, which in the end increases tax collections.  At first, a tax
>cut increases debt because it initially looses revenue.  However, once the
>dollars from the tax cut are in the hands of spenders, they will eventually
>result in increased tax collections because more people use the dollars.
>Simply put the people spend those dollars.  Ask Stan if he sold more boat
>since the Bush tax cut or the year before the tax cut (I do not expect him
>to publicly admit such).
>	The above is what Steve is trying to say in his acerbic manner,
>which you people attack rather than try to understand.
>
>Ed K
>Greenville, SC, USA
>
>-----Original Message-----
>From: rhodes22-list-bounces at rhodes22.org
>[mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of
>R22RumRunner at aol.com
>Sent: Wednesday, November 24, 2004 1:02 PM
>To: rhodes22-list at rhodes22.org
>Subject: Re: [Rhodes22-list] Jesusland.
>
>Steve,
>Please correct me if I'm wrong, but as I remember history, when Clinton
>Gore
>took over, the country had a huge deficit and national debt. It took 8
>years
>to get this country back on an even keel and we actually had a surplus  
>when
>
>W took over. Seems to me that he destroyed in less than four years what
>this
>country had gained in the previous eight.
>Saying that a national debt is a good thing is just like the credit card
>company's trying to send me more cards.
>
>Rummy
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