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WaPost: Bush Resists Taking New Economic Steps (such as cap gains tax cuts to help the market)
Washington Post ^ | July 18, 02 | Dana Milbank and Jonathan Weisman

Posted on 07/18/2002 1:35:12 PM PDT by churchillbuff

Edited on 09/03/2002 4:50:45 AM PDT by Jim Robinson. [history]

click here to read article


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To: bomper
OK, from today's Washington Times, reporting on the GOP National Committee meeting in California:

...."But state party chairmen and elected members of the 165-member Republican National Committee, gathered here for their annual summer meeting, said privately that Democrats have several issues to use against Republicans, including — and some said especially — the Republicans' longtime image as the party of big business. " "We did it to ourselves," a party chairman from an Eastern state said bitterly in a confidential conversation with other Republican officials. He was referring to the party's nomination in 2000 of two men associated with businesses whose past practices came under scrutiny — Mr. Bush and Vice President Richard B. Cheney. "Both the president's role at Harken Energy and the vice president's role at Halliburton have been the focus of scandal-hunting Democrats and reporters. "A New York Times poll released yesterday reported that 42 percent of Americans think Mr. Bush is more interested in protecting the interests of ordinary Americans but an equal percentage said he was more interested in protecting large corporations."""""

-----the problem with people with a big business affinity is that they don't understand the crushing tax burden borne by the average person - - - Bush Sr. didn't, and Bush Jr. - though I had hopes for him - - seems content to let taxes stay high for now, and drop (slightly) only later; and no cap gains cuts at all, thank very much. It's actually the little guy who benefits most from cap gains cuts, because it would help him get more capital and potentially get rich. Wealthy people already have capital - they've already made it or inherited it, and can park their bucks in tax-free gov't bonds. They're not nearly as concerned about tax cuts. Unfortunately, Bush is from that background. Reagan, in contrast, was from the lower-middle class - - - and he had an instinctive animmosity against high taxes.

121 posted on 07/19/2002 1:02:57 PM PDT by churchillbuff
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To: Right_in_Virginia
This situation can no longer be dismissed because it's "another dimmocrat attack that won't work"; or because of the president's 70% approval rating.

Right; What do the ratings really prove?.

Klintoon, if you want to believe the polls, had a very high rating, even though he was impeached.

Regards

122 posted on 07/19/2002 1:38:00 PM PDT by biffalobull
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To: biffalobull
bump
123 posted on 07/20/2002 9:04:20 AM PDT by churchillbuff
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To: biffalobull
double bump
124 posted on 07/20/2002 9:04:44 AM PDT by churchillbuff
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To: Vets_Husband_and_Wife
"Couldn't DIS-agree more."

Thanx for the read. It was interesting. However, I didn't see anything about the present administration showing any leadership on the economy. The Fed has pumped huge amount of dollars into a highly manipulated economic system. This really took off on Clinton's watch. In fact his administration, I believe, was in the thick of cooking up the pyramid scheme that is beginning to collapse now. Pump zillions of dollars into the money supply, manipulate gold...the $...the stock markets...real estate...create a climate that encourages corporations to lie to keep up with the other guys....and you have the mother of all bubbles. The stock bubble is deflating...the $ bubble is deflating...and real estate will soon follow. The investors of the world have now caught on that the corporations were lying, resulting in lost confidence in our markets. Now foriegn investors are pulling and coverting. The downward spiral has begun....and it will take a long time to unwind. America is strong and will survive....but we need to be told the truth about this gigantic scam being pulled here. That is the leadership I am talking about. I just don't think Bush has the balls to come clean with America. And that is because he and his ilk, have at the least, been participents in the scheme...and may have actually been part of the implementation of the scheme.

125 posted on 07/20/2002 1:46:23 PM PDT by hove
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To: churchillbuff
I think I saw this movie before.

tarpon
126 posted on 07/20/2002 1:50:59 PM PDT by snooker
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