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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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How short sighted many of U are. The President does have input into the economy.
1. Selection of the Sec of the Treasury....Hank Paulson is a very GOOD Secratary
2. Selection of the Federal Reserve Chief.. Breneke is the BEST...His area of study was the crisis of liquidity that brought on the Great Depression of the 1930s.
3. Proposal of Legislation and power of the veto. Regardless of what the Liberals think the tax cuts of 2001 have helped boost this economy. Here is what the Liberals KEEP FAILING TO RECOGNIZE. Since the 1960s the tax structure has promoted spending over saving. By giving a break on Capital Gains it gives incentive for people to save and invest instead of spending.
3A. The collorary is if we get a Liberal President that raises taxes, puts more restrictions on business and passes more feel good entitlement legislation then the extra financial burden will a cause a disincentive for investment, and put a drag on the economy.
Get it
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"Some Observer"
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