Quote:
Originally Posted by tony286
Two biggest economic boosts in our lifetimes were during reagan and clinton and both of them raised taxes. Go figure
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So are you saying that if the govt. raises taxes (so they can just keep spending 300 billion dollars a day), then we will get a big economic boost and people will start spending money at the store which will mean companies need more employees to build stuff and everything will be great?
I don't get that logic at all Tony.
I don't think that lowering taxes "Creates jobs" either. But I do believe it's only right to be able to keep the money you EARN.
How does giving it away to the federal govt. make the economy great?
I don't see any evidence whatsoever that raising taxes had anything to do with Clinton having a great economy. I think Clinton was super smart, and the economy benefited GREATLY from the internet bubble.
Without the internet, there would have been just an "average" economy during his time. As for Reagan, he created a sense of stability in business and a feeling that Washington, D.C. was going to be more business friendly. And that is something that we are missing right now.
I know it sounds dumb...but when I'm feeling uncertainty I tend to stop what I'm doing and "circle the wagons". Reagan made the entire nation feel that they could safely hitch the wagons back up and go forward.
Clinton did too.
But right now we are in a crisis of confidence