Re: OT. Quote of the Day

In article <ijir94lqkr05hu2epefmhn7rrqjqp63bng@xxxxxxx>, Jim Thompson wrote:

On Sat, 9 Aug 2008 09:29:12 -0700 (PDT), MooseFET <kensmith@xxxxxxxxx>
wrote:

On Aug 9, 7:38 pm, "amdx" <a...@xxxxxxxxxxx> wrote:
The government's view of the economy could be summed up in a few short
phrases: If it moves, tax it. If it keeps moving, regulate it. And if it
stops moving, subsidize it.
- Ronald Reagan

Yes, but who wrote it for him? Also dod you know that many of the
quotes of Reagan where never actually said by him? Michael Deever
used to make up good lines and them claim that Reagan had said them.

When Reagan was governor of California, he raised taxes. When he was
president (taking the total of the 8 years) he also raised taxes.

The right needs its heroes and the mythical Reagan fits the bill the
real Reagan need not apply.

Spout platitudes and believe what you want, but (just one example)...

http://www.house.gov/jec/growth/taxpol/taxpol.htm

I read into that far enough to see quite a bit of comparison between the
Reagan-era and Clinton-era economic expansions - as of before the budget
surplus years of later in the Clinton-era economic expansion.

This does show the Reagan era one getting a bigger early bounce. I see
that being mainly from the fact that the preceeding recession was a very
deep one, the worst since the Great Depression. The depth of the
1981-1982 recession was effectively engineered by the Federal Reserve
Board to be what was necessary to control the inflation caused by oil
price shocks, increasing burden of the legal/liability industries (my
words), and increase of regulatory burden from the 1970's.

As for tax cuts being good - I would say so myself, provided they are
accompnied by spending cuts. Defecit spending means spend now, taxpayers
pay later instead of now - but with interest added.

My favorite time of effective Federal fiscal policy in my lifetime was
the last 6 years of the Clinton administration. Spending boosts and tax
cuts were blocked by gridlock between Republican Congress and a Democrat
in the White House.

Meanwhile, I consider the most recent true fiscal conservative to have
his office being the oval one at 1600 Pennsylvania Ave to be Eisenhower.

- Don Klipstein (don@xxxxxxxxx)
.

Relevant Pages

  • Re: Variety announces "Shattered Union" by JMS/Bruckheimer
    ... Actually the "massive increases in military spending is ... Why, then, would Reagan need to trash Carter's ... offsets the deficit by restoring economic growth. ... reducing tax rates for the rich and corporations. ...
    (rec.arts.sf.tv.babylon5.moderated)
  • Re: Frightening - Talk about Govt Masters! Feudal!
    ... The cornerstone of the Reagan/Bush era was something called supply-side economics that stressed the idea that supply creates its own demand and that incentive to individual investors was much more important than preoccupation of distribution. ... The Reagan economist Arthur Laffer had the interesting idea that increased tax rates actually lower government revenue. ... By the last week in August 1987 the market had established its 55th record close of the year. ...
    (rec.martial-arts)
  • Liberal straw men, misrepresentations, and lies
    ... every once in a while a comment shows up that demands response. ... "paying the same tax rate as under Reagan" is what Obama wants to ... According to the Treasury Department's Office of Tax Analysis, ... the man whose views so many American liberals unknowingly put ...
    (soc.retirement)
  • Re: OT. Quote of the Day
    ... stops moving, subsidize it. ... used to make up good lines and them claim that Reagan had said them. ... When Reagan was governor of California, he raised taxes. ... sales tax by "only one point" may sound like a pittance but it isn't. ...
    (sci.electronics.design)
  • Reagan: The great American Socialist
    ... Reagan: The great American Socialist ... wealth redistribution towards the affluent. ... Socialism has been much in the news for some months. ... will raise tax rates on the richest Americans to pay for ...
    (alt.politics.bush)