The Mudcat Café TM
Thread #115883   Message #2764483
Posted By: Bobert
11-Nov-09 - 08:09 PM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
The entire motivation in cutting taxes is to starve the beast... Repubs have been trying to starve the beast going back several decades... Problem is that when they are in power they spend like drunken sailors??? I just don't understand how they can be so hypocritical about governemnt spending and debt... The love both...

Cutting taxes is what Bush II said was the answer to the recession of the 2001... Problem is that we now learn that that tax cut didn't correct anything but made things much worse... The growth we saw wasn't from tax cuts... It was from a housing industry that was fueled by borrowing from the Chinese... That isn't a recovery anymore than taking out a loan increases one's net worth... It was all smoke and mirrors and now we are seeing the deficits from the Repub spend and borrow years...

But Dougie, being the died-in-the-wooler, says cut taxes, damn the torpedos and full steam ahead???

Well, that's about what I would expect from him...

B~