Originally Posted by Patters

That's a b.s. theory, I think. Both Bush and Reagan promoted investment by deficit spending. Their deficit spending was vastly larger than their tax cuts, and it led to increased government investment that led to increases in the stock market. (And, ultimately, it's the stock market thanks to deregulation that brought about our current economic crisis.)

The fact is that the wealthy, especially the very wealthy, often invest globally, in land, in gold, and in other securities that have nothing to do with job creation in the U.S. Taxes need to be driven by the market. If we raise taxes to the point where it affects the market and the economy, then it's time to lower them. But, the fact is, high taxes or low taxes, our country has done well.

Under Clinton, we saw both tax increases and reduced federal spending, and we had perhaps the best economy. Under Roosevelt, we saw massive deficit spending and increased taxes and had a great economy (thanks to WWII, which pushed deficit spending up to record levels).

Originally Posted by Real World

How is this woman involved with this new administration? Change my arse. Seriously, though, **** the pissed off witches that love this woman. She's a douchebag, period. She needs to go away ASAP. I swear, the more I hear this "change" BS, but see all the same faces on the job, all pulling hair for power, the more I cringe. This country truly needs to start over I think.