Re: OT: Our Economy (US)
Political parties are all about economic policies. When you say that blaming one is ridicules, you fail to understand that blaming one is exactly correct in this instant. If you do not understand economics, then you do not understand the argument. There are two types of Americans, those who earn intrest, and those who pay it. 90% of Americans pay interest, and it is that 90% who also pay 99% of all taxes. The rich are protected and they will always be. That has been the nature of our unequal economy since its inception.
For the 90's, many Americans earned a lot of extra money, stocks, over time, better paying jobs, and Clintonomics (Clinton’s Economic Plan) took 27% over your standard tax rate. He paid down the deficit among other things. However, Americans were paying more taxes instead of saying money. Now, we are in a recession, and most Americans had no savings to fall back upon when the song stopped.
I did, but many of the people I worked with did not. In the Last 9 months the only people who have profited from this economy of the kind of people who bottom feed. You know them, the investment bankers. The people who buy your home at public auction and then bill you for the balance while selling your dreams at an incredibly inflated profit.
Economics has made and broke many countries, USSR for one. Back in 94 Clinton passed laws that seriously limited several sectors of the Free Market. We are now feeling the strangle hold of those laws.
The major difference about these two political parties is simply a difference of economic views.
One method of economic stimulus my work, while the other may work better or worse. Worse is where we are now. Where do you want to be in 6 months from now? Home at your desk playing SEIV, or living in an over inflated costly apartment eating TopperOnmin trying to play SEIV pbw on dial up?
Look what happened in the past, and see what worked and what did not. Higher taxes, wage fixes, and price fixing have always caused inflation and poor economic times. While lower taxes, free market, and no economic restrictions, say past those to prevent meltdown, have always brought about good economic times.
In the 90's, free market was attacked, AT&T, Microsoft, Health care, Tabacco, firearms, auto makers, forestry, etc. Sure some of these, indeed most, profited by stepping on the small guy, but that is how free market works. Its is not a "government kept fair" system. That line of linking is called socialism. Unfair business practices can be addressed and stamped out in court, or buy consumer protection laws. But to have the Government come in and take to trial nearly every business in the US during the 90's for liability issues was killing our economy.
Law suites and legal games choked free Market, and now we, the people who pay interest, are really paying for it. The law suites were not about consumer needs, or fair business, but about sucking money out of the free market into the pockets of trial lawyers. Trial lawyers who supported Clinton and his methods. Make the rich guys pay us money. Think about it, did any of the law suites do anything for you? Did you get any money from the Tabacco settlement? No you did not, but do you know who did? Yes, the trial lawyers. They made billions. They did that at our expense, and at the expense of our economy. Clinton provided the atmosphere for them to do it, and he allowed it too happen.
Bush’s economic plans may scare a few, but only those who believe Kainism is the way too go.
[ 08 April 2002: Message edited by: Atrocities ]
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