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Old 11-08-2008, 06:05 AM   #71 (permalink)
dc_dux
 
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Location: Washington DC
Quote:
Originally Posted by djtestudo View Post
You know, my knowledge of real economic issues and theories is nothing compared to many around here, let alone in the world at-large. However, isn't assuming that the wealthy will invest their money in the economy the definition of trickle-down economics, which so many seem to disagree with?

Obviously I could be misunderstanding this, so if I am, please be kind
Trickle down economics doesnt create jobs...it never has.

It only lines the pockets of the top taxpayers and adds to the national debt.

The latest unemployment figures after eight years of Bush trickles- 6.5 percent and expected to grow to about 8%...the highest since Reagan, the last time trickle down was the policy.
-----Added 8/11/2008 at 09 : 14 : 00-----
Quote:
Originally Posted by edwhit View Post
HEHE

So much for consumer confidence on day one?
I dont think we will see the consumer confidence rise much until Obama takes office. He is in the difficult position of not being too critical of the Bush policy.

We did see the general outline of his economic plan in his press conference.....to create jobs...and you dont accomplish that, at least in the short term, through tax policy.
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Last edited by dc_dux; 11-08-2008 at 06:15 AM.. Reason: Automerged Doublepost
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