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<blockquote data-quote="The Other Side" data-source="post: 864332" data-attributes="member: 17969"><p>Moreluck,</p><p></p><p>It appears that whatever business school you went to taught you the wrong concepts. Reagan started this mess by working with the big three automakers and allowing them to shut down plants, fire workers, and move those plants to another country and as a bonus, give them a 25% tax reduction right off the top. If that was not enough, he worked out trade deals that reduced tariffs on those american products that were then imported back into the united states.</p><p></p><p>When this happens my dear, you take REVENUE out of the system. From the peoples side, there is NO MONEY to spend on consumer goods, in addition, without a paycheck, there is no REVENUE collected by the feds, state or county, there is also no deductions for social security or medicare or disability insurance.</p><p></p><p>All the various pots of gold that would have otherwise been filled up ran dry forcing Reagan to BORROW BILLIONS out of social security to fix his mess.</p><p></p><p>On the corporate side, reducing the top 1% tax bracket (you know the one, the tea partys favorite issue) 25% punched an immediate 3.2 trillion dollar deficit into the national debt creating the DEBT CLOCK.</p><p></p><p>Further, allowing companies to bail on america and moving to foriegn countries allowed corporations to escape taxes alltogether! Reagan wasnt done yet however.</p><p></p><p>A little plan called NAFTA was born but the republicans who were the minority at the time couldnt get it passed.</p><p></p><p>Now, today the TEA PARTY financial morons want to do the same thing to america and place the final nail into the coffin. The richest people in the country are controlling the tea party and its activists and you all seem to take the hook, line, sinker and rod.</p><p></p><p>Stopping consumer spending is just speeding up the trip to a depression moreluck.</p><p></p><p>Collecting revenue in this country has been harder to do everytime a republican controls the country. Reagan, Bush, Bush stole from the treasury, ran the country into the ground and left one hell of a mess for our first black american president to clean up and all you can do is suggest making it worse.</p><p></p><p>To you, its just not buying a car, but in reality, your COSTING THIS COUNTRY JOBS! You see, the auto industry works off a 60 days system of inventory, and if cars sit idle in dealerships, then people start getting layed off! Maybe you dont get the concept, and Im not surprised, but every action has an unforseen reaction.</p><p></p><p>We wouldnt be in this mess if GW BUSH hadnt decided after the advice of his beloved party that "growing goverment surpluses isnt the goverments money, its the peoples money". If he had just left the money alone, he could have shored up social security, medicare and unemployment for decades.</p><p></p><p>Instead, he gave back an immediate 3.5 trillion in tax cuts putting us in a deficit, then spent another 6 trillion on wars, prescription bills, wall street bailouts and a stimulus to the people to kick the can down the road till he left.</p><p></p><p>Your logic Moreluck is backwards. Its middle america that make this country great. The consumer spending has to INCREASE in order for there to be growth. Without it, the economy declines.</p><p></p><p>I wish you would get yourself away from the TV and FOXED SPEWS and take a class on economics and history.</p><p></p><p>Peace.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 864332, member: 17969"] Moreluck, It appears that whatever business school you went to taught you the wrong concepts. Reagan started this mess by working with the big three automakers and allowing them to shut down plants, fire workers, and move those plants to another country and as a bonus, give them a 25% tax reduction right off the top. If that was not enough, he worked out trade deals that reduced tariffs on those american products that were then imported back into the united states. When this happens my dear, you take REVENUE out of the system. From the peoples side, there is NO MONEY to spend on consumer goods, in addition, without a paycheck, there is no REVENUE collected by the feds, state or county, there is also no deductions for social security or medicare or disability insurance. All the various pots of gold that would have otherwise been filled up ran dry forcing Reagan to BORROW BILLIONS out of social security to fix his mess. On the corporate side, reducing the top 1% tax bracket (you know the one, the tea partys favorite issue) 25% punched an immediate 3.2 trillion dollar deficit into the national debt creating the DEBT CLOCK. Further, allowing companies to bail on america and moving to foriegn countries allowed corporations to escape taxes alltogether! Reagan wasnt done yet however. A little plan called NAFTA was born but the republicans who were the minority at the time couldnt get it passed. Now, today the TEA PARTY financial morons want to do the same thing to america and place the final nail into the coffin. The richest people in the country are controlling the tea party and its activists and you all seem to take the hook, line, sinker and rod. Stopping consumer spending is just speeding up the trip to a depression moreluck. Collecting revenue in this country has been harder to do everytime a republican controls the country. Reagan, Bush, Bush stole from the treasury, ran the country into the ground and left one hell of a mess for our first black american president to clean up and all you can do is suggest making it worse. To you, its just not buying a car, but in reality, your COSTING THIS COUNTRY JOBS! You see, the auto industry works off a 60 days system of inventory, and if cars sit idle in dealerships, then people start getting layed off! Maybe you dont get the concept, and Im not surprised, but every action has an unforseen reaction. We wouldnt be in this mess if GW BUSH hadnt decided after the advice of his beloved party that "growing goverment surpluses isnt the goverments money, its the peoples money". If he had just left the money alone, he could have shored up social security, medicare and unemployment for decades. Instead, he gave back an immediate 3.5 trillion in tax cuts putting us in a deficit, then spent another 6 trillion on wars, prescription bills, wall street bailouts and a stimulus to the people to kick the can down the road till he left. Your logic Moreluck is backwards. Its middle america that make this country great. The consumer spending has to INCREASE in order for there to be growth. Without it, the economy declines. I wish you would get yourself away from the TV and FOXED SPEWS and take a class on economics and history. Peace. [/QUOTE]
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