Tilted Forum Project Discussion Community - View Single Post - How come the Republicans are spending like Democrats?

james t kirk · 09-07-2003, 07:54 AM

The economy is cyclical, that is a fact.

But you don't have to make it worse.

You can blame 911 all you want, but that simply isn't the case. I think the entire American military budget is around 332 billion dollars, and the American deficit is scraping 500 billion, so there is no way 911 is to blame. I seem to think that the american military budget was pretty big before 911 and you didn't have record deficits under Clinton.

Me thinks it is more like giving a tax cut so the average schmuck can go out and buy a big mac combo for him and his wife that he couldn't have afforded before each weak (assuming a big mac combo runs you around 5 bucks x 2 = 10 bucks a week, = $520 a year.)

Now your rich dude, who has more money than he knows what to do with will save hundreds of thousands, maybe even millions, who knows. Now he can go out and buy another little island paradise somewhere down in the Caymen Islands.

The crash of the stock market is partly due to the tech bubble bursting yes, which would have happened sooner or later i agree BUT, at least half of it (the crash) is due to the the perception that you can no longer trust accountants and corporations. Guys like Enron, Global Crossing, World Com, Fannie Mae, and even Ford have all deceived investors through out and out lying and the big accounting offices have been there right with them.

Simply put, the investor has lost confidence in the market.

And this you CAN blame W bush for since he and his administration have done NOTHING to discourage this sort of behavior.

If Bush wanted to do something, he would have thrown all those Enron thieves (and they are thieves) in jail for a hundred years each. Then see how many CEO's out there would be in favour of cooking the books.

But he didn't. And he won't.

Bush may not be entirely to blame for the economy, I would say he and his administration are 85% to blame for it and they are only making it worse with Iraq.

Oh, by the way, the cost for the Iraq war is not reflected in that budget deficit of 500 billion for some reason. And the price of a barrel of oil pre war was $21.00, now it is somewhere around $33.00.

You enjoy that big mac combo, you earned it.

09-07-2003, 07:54 AM	#15 (permalink)
james t kirk Junkie Location: Toronto	The economy is cyclical, that is a fact. But you don't have to make it worse. You can blame 911 all you want, but that simply isn't the case. I think the entire American military budget is around 332 billion dollars, and the American deficit is scraping 500 billion, so there is no way 911 is to blame. I seem to think that the american military budget was pretty big before 911 and you didn't have record deficits under Clinton. Me thinks it is more like giving a tax cut so the average schmuck can go out and buy a big mac combo for him and his wife that he couldn't have afforded before each weak (assuming a big mac combo runs you around 5 bucks x 2 = 10 bucks a week, = $520 a year.) Now your rich dude, who has more money than he knows what to do with will save hundreds of thousands, maybe even millions, who knows. Now he can go out and buy another little island paradise somewhere down in the Caymen Islands. The crash of the stock market is partly due to the tech bubble bursting yes, which would have happened sooner or later i agree BUT, at least half of it (the crash) is due to the the perception that you can no longer trust accountants and corporations. Guys like Enron, Global Crossing, World Com, Fannie Mae, and even Ford have all deceived investors through out and out lying and the big accounting offices have been there right with them. Simply put, the investor has lost confidence in the market. And this you CAN blame W bush for since he and his administration have done NOTHING to discourage this sort of behavior. If Bush wanted to do something, he would have thrown all those Enron thieves (and they are thieves) in jail for a hundred years each. Then see how many CEO's out there would be in favour of cooking the books. But he didn't. And he won't. Bush may not be entirely to blame for the economy, I would say he and his administration are 85% to blame for it and they are only making it worse with Iraq. Oh, by the way, the cost for the Iraq war is not reflected in that budget deficit of 500 billion for some reason. And the price of a barrel of oil pre war was $21.00, now it is somewhere around $33.00. You enjoy that big mac combo, you earned it. Last edited by james t kirk; 09-07-2003 at 07:58 AM..