quote:
The President doesn't pass laws. That's right, the President does NOT pass laws. To blame everything that happens to the economy on the President sitting at the time is a huge exageration.
True, however, the President sets policy, and economic policy has nothing to do with laws passed by congress. Tax increases and breaks have to be approved by congress, and they are often passed because the President, whomever he is, wants it passed.
What happened in the 90's was what happened in the 20's. I agree that Free Market with out checks and balances often implodes. When our economy was running hot, Clinton lifted sanctions that opened the flood gates. Asia dumbed their semi-conductor market on into the US, and under cut Japan. They took the meaning of Free Market too far. Clinton should have realized this, and introduced restriction on importations. He did not because he was reaseving money from China. That is a proven fact.
NAFTA is anther example of a good idea for the rich to get richer. Do you know about Chapter 11 in NAFTA? Basically is allows any company out side of the USA to sue the USA government if the US hampers or otherwise prevents the sale of their product. Just ask California about it.
You see, if a Canadian company tries to sell Depleted urianium candy bars in the use to get rid of their nucler waste, and our government says NO, they can sue our government for lost revenue, and more often than not, they win.
Its all about money. It has always been about money. People who have it want more of it, and those of us who needed and have little of it get pinched for more of it.
Take this for example, Washington State does not have an income tax but Oregon does. Washington State has a huge sales tax, nearing 10%, and Oregon does not.
Now a person living in Washington who works in Oregon has to pay Oregon income tax while a Oregonian who buys stuff in washington does not have to pay sales tax.
The reason Oregonians do not have to pay sales tax is because you can not tax without repersentation. However, taxation without repersentation does not apply to washingtonians who work in Oregon. We have to pay Oregonian income tax. We have no repersentation in Oregon, and therefore the taxing of our citizians is illegal. But since Oregon gets money for it, Oregon will not budge, and often refuse to return money to Washingtonians at tax return time. They claim it is all theirs because we do not live in state and therefore are not justified in having any excess tax payments repaid. And since Washington want too keep the people from Oregon coming over here to buy things, they too won't do a god damned thing about it.
Both states are Democratic lead.
[ 08 April 2002: Message edited by: Atrocities ]