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Discussion: (7 comments)

  1. “I’m not a Republican” – do you identify with any political party? If so, which?

  2. You might want to consider Harry Dent’s population demographics, The Coming Boom Ahead. His theroy also explains the “business cycle”

  3. Adam Baum

    Bartlett, for whatever reasons he chose, decided to become a token handmaiden of the left.

    To assume that economic growth is variable dependent only on a single independent value (top marginal income tax rates) is nonsense. To make the further assumption that the relationship is inverse simply insane, but economic insanity goes hand-in-hand with tax-grabbers, statists and politicians in general

    1. Exactly! Word is, like a few other conservatives, Bartlett soured on Bush over Iraq. This lead to Bartlett unleashing all manner of harsh attacks on Bush’s spending (not unjustified, though even with two wars Bush never got near early-Reagan spending as a % of GDP), while he routinely apologizes for Obama’s obscene spending that makes Bush a piker by comparison. He is now constantly knifing old friends in the back, and is even a part of “the stimululs should have been larger” chorus in rationalizing Obama’s slow economy.

      I have zero respect for turncoats, especially intellectually dishonest ones.

    2. They absolutely do have the right to prteost, which is a big part of the irony here. The very system they are bucking against is unique in the fact that it even allows prteosts of this nature. Under most social structures, even if this prteost had any significant merit, it would have been pelted with tear gas, ran over by tanks, and dragged out back and shot before the first week was out.Just as they have the inalienable right of prteost, those of us with a little sense and some real world experience have the inalienable right to admonish them for their foolishness.I’ll grant that there may (and I use the word generously) be some reasonable demands floating around out there. But what tiny shred of logic and reason that may exist is monumentally insignificant compared to the rest of the drivel that oozes forth. You’ve all seen the list of demands, I take it? I know, I know, shame on use for picking one or two isolated extremist points that exist in a sea of reason, right?Crony capitalism and government bail-outs are a scourge on true capitalism. Every hard-working, red-blooded patriot knows and agrees with this. I was and still am the first to cry foul whenever another giant car manufacturer, or bank, insurance company, or (LOL!) alternative energy conglomerate has billions of hard-earned tax dollars given to them in order to save them from their own poor business practices. This point (quite possibly the only point), I do agree with. The difference between me and the lazy, socialist imbeciles camping out on Wall Street is, I, as a free-thinking, educated, INFORMED American, know where the true source of corruption is concerning this issue. And it’s not the corporations accepting this money. It’s the bloated marxist government establishment that currently exists in Washington.Leveraging advantages is at the core of capitalism, and just like any other organizational entity, there will always be a select few who will attempt to take unfair advantage of a situation (gee, where I have heard that select few line before, hmm?). When the government stops posting bail outs and leaving these businesses to succeed (or fail) according to their own devices, only then will this once great country return to its former glory.If you really want things to be good again, then what you should do is start supporting a return to the constitution. The founding fathers’ vision was brilliant and timeless. I agree, the current state of affairs is dismal. I agree the government has gotten too big for its breeches. I agree that taxes are too high. I agree that corruption should not be tolerated.What I don’t agree with is conducting what amounts to a riot, for essentially no other reason than to be part of a moment. What I don’t agree with is taking a dump on the hood of a car to make a point. What I don’t agree with is demanding that the debt I freely and unwisely chose to run up be forgiven just so I don’t have to pay back what I rightly owe. What I don’t agree with is the distribution of wealth. What I don’t believe in is a living wage. I guess the point I’m trying to make is, I don’t agree with is the philosophy of a bunch of whiny, lazy, trust fund drama queens who have never worked a day in their lives.

  4. SomeDude

    The luxury boat tax put in place by Bush and the Democrat Congress in 1990 devastated all kinds of boat and boat related industries. The luxury boat tax was also repealed in August 1993. What effect did this have on negating the tax increase of 1993?

  5. So, how does the formation of an ENTIRE NEW INDUSTRY (the personal computer revolution) impact this growth? Bartlett is a fool to dismiss that any harm done by Clinton was more than overwritten by the surge of investment in this promising new industry and all its fall out industries.

    On the other hand, I see that the the “personal” Laffer curve (I forget the name of the woman who did the paper on this). I know multiple people who are in their mid 50’s, great jobs, no chance of layoffs, who have decided that due to the combination of tax hikes and increased health care costs (don’t underestimate this – ours are now starting to go through the roof, and a lot of people will be doing their medical opt ins in Oct/Nov) that they are better off retiring now, reducing their salary level, and reducing their consumption.

    The liberals are communists. Like all other communists, they think that “this time we can do it right…” Obama is no different from the rest of the mindless lemmings…

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