The economy under Bush? It's the Dow, Stupid.

I'll agree with you on the deficit, Gore would've never passed any tax cuts and there wouldn't be a deficit, like there is now, and the money that was spent on the war would definitly have made up for any deficit. BUt tax cuts if anything would help a business grow, and give them more of an incentive to stop sending workers overseas which we have been shown diddn't help the economy all that much. The economic downturn began before Bush was even elected, there was no way to stop it, the internet boom of the 90's turned into a bust in 2000. But even analyst from all sides even say the war in Iraq adds maybe about $5 to the barrel of oil, the other 15 or so comes from the ever growing demand around the world, especially from China, and worries from other contries, such as Venezuela and African countries. It's plain and simple, we're taking up way to much oil, even OPEC has said they just can't produce much more, except for Saudi Arabia, which when they said they would produce over a million extra barrels a day, the price still went up.

 

And where does Bush get his $$$?

Black gold, texas t.

 

Did someone ask about Kerry's plan to fix King George's fuck-ups?


Read all about it. http://www.johnkerry.com/issues/economy/

 

He says he'll cut taxes, though he votes against all tax cuts. And increasing taxes on the wealthy who controll a good deal of the industry in the country isn't going to encourage them to keep jobs in the country.

 

Tax cuts don't encourage them to keep jobs in the country either. Tax cuts just give them more profits.

 

Tax cuts do encourage them to stay, if they're making more moeny at home, it gives them less reason to ship jobs to cheaper over-sea palces.

 

No, that makes no sense and it is not how business works. They don't try to make "enough" money, they try to maximise profits. So if it is cheaper to do something abroad, they will do it abroad, regardless of their current level of profitability and regardless of how much those profits are taxed.

 

Thanks PB for clearing that up, thats exactly what I was trying to say

 

The more they are taxed though, the less money and profit they see.

 

So? Why should we worry about how much money some wealthy business owner is getting when there are people struggling to pay their bills month-to-month. THOSE are the people that deserve tax cuts, if we give them out at all.

And we shouldn't be handing out tax cuts if it is going to put us in such huge debt.

 

Obviously. But if it is a question of $25 offshore-sourcing profit vs. $20 onshore under low taxes, and $15 profit vs. $10 profit under high taxes, outsourcing always wins.


That't not to say that I oppose offshoring. I support it. I'm just saying that corporate tax rates shouldn't impact the choice of whether to offshore.

 

Well the problem there is those wealthy business owners controll a good deal of the industry in the country and hence controll whether people can find work or not.

And as for tax cuts, the thing there is most people don't care about what kind of deficit the government is in, they care about how much money is in their wallet.

 

You have no proof to back this up, its a stupid claim that isn't even remotely true. The clinton administration was leading the downturn in the market, and their weakness on terrorism would have fueled a much larger sustained loss.

Gore was a huge idiot, I am so glad that we ended up with the intelligent one!

 

For all of you people who said "look the at the Dow, John Kerry wins". It's heading back over 10,100! What now? Does this mean that Bush did something good and is going to be reelected?