Re: OT. Quote of the Day


On Sun, 10 Aug 2008 20:22:21 +0000 (UTC), don@xxxxxxxxxxxxxx (Don
Klipstein) wrote:

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)

"Denial" is a Democrat river ;-)

...Jim Thompson
--
| James E.Thompson, P.E. | mens |
| Analog Innovations, Inc. | et |
| Analog/Mixed-Signal ASIC's and Discrete Systems | manus |
| Phoenix, Arizona 85048 Skype: Contacts Only | |
| Voice:(480)460-2350 Fax: Available upon request | Brass Rat |
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Liberals are so cute.  Stupid as bricks, but cute.
.

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