Bush unveils economic stimulus plan

Associated Press ^ | January 7, 2003 | Associated Press Staff

[Mr. Bird]

"The president really is investing $600 billion on an old, old Republican theory of trickle-down economics," said Rep. George Miller, D-Calif. "We're saying no. Give it to the people who need it."

Someone needs to inform Rep. Miller that the president isn't "giving" anything to anyone. He's not "investing" anything at all. He's refraining from taking as much as he has in the past.

[Yaelle]

Miller sounds like a true socialist: "From each according to his ability to each according to his need." Hasn't he read Ayn Rand? Why work at all, if you don't get any benefit out of it? If all your extra effort goes to the folks lounging in the "safety hammock," there goes motivation.

[ArGee]

I like the plan, as far as it goes, but I have to disagree with the President's reasoning.

He wants to tax us less so we will spend and invest the difference and help the economy.

He should tax us less because our taxes are outrageously and immorally high, regardless of whether it helps the economy. The fact that it will is just gravy.

Shalom.

[richardtavor]

Miller deserves a Freep. I just gave him one.

[the gillman@blacklagoon.com]

Local reaction to Bush's plan that I have heard includes;

Dividends? All my stocks are worthless, what good is that?

Income tax cuts? Now? My problem is that I can't get a job and have no income. Where were they years ago?

Job training? My problem is I'm overqualified for everything already.

Here, the unemployed are fiftyish homeowners with kids in college. They are basically screwed.

I figure I'll open up a cyanide cool aid stand and clean up.

[ArGee]

That's the ticket. Don't just whine and wish for the old days. Find something new you can do to make money.

I'd probably sell overpriced coffee instead of cyanide kool-aid, though. A sustainable business plan needs repeat customers.

Shalom.

[1Old Pro]

RUSH IS COMMENTING ON THIS NOW. Bush is such a refreshing change from socialist Bill.

[Michael Barnes]

Do you listen to Rush online? Have a link?

[Paul Atreides]

I had to post this (without making it a vanity): I was channel-surfing earlier, and flipped across CNN and saw a segment on the economy, with the headline "It's the economy....again.", the Clintons' favorite catchphrase in '92. Is James Carville running all of CNN, now?

[hattend]

I just heard Bush's speech on Rush's show. The Dems are going to have a hard time spinning this into a bad plan. Ending the marriage tax now, not gradually over 6 years, getting the tax cuts now, not 10 years form now (an retroactive to Jan 21st last year!). I didn't get the whole package because I am at work and had to answer radios and phones, but I'm for everything I heard.

Go Bush Go!

[hattend]

Go here

[the gillman@blacklagoon.com]

I feel very bad for them. But I'd feel worse if it was me.

Fortunately, I never was able to get any kind of useful education and never was able to get hired in any company that offered any kind of stable job, never mind a career.

Therefore, I knew from the beginning that the only chance I would ever have would be that which I made for myself.
And I never had the luxury of thinking that I had a future beyond what I made.

These former execs and techies have no experience in misery hopelessness and eating dirt to survive. Tough things to learn at fifty.

[Michael Barnes]

thanks bud...

[SierraWasp]

Looks like you've bought the liberal "Animal Farm!"

[habs4ever]

What is best to stimulate economic growth? Answer that and you then have a basis to be critical of this plan.Higher growth ONLY happens at the margins, by reducing the costs to increased output for each additional dollar earned.

The tax code is not the place to worry about redistribution of income.That is Congress's job when its SPENDS, not when it collects the revenue.

[EGPWS]

My problem with this plan is that 42% of the total sum will benifit 1% of the population.

Copy and paste your statement at the DU. I'm sure you will be lavished with praise.

[Wait4Truth]

The RATS want to give you a check for $300...is that plan better for you? Just wondering...is that better than accelerating the tax cuts and eliminating dividends? You DUers are so funny.