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Author: Jim2B Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41614  
Subject: Re: Bargain hunting Date: 11/16/2012 10:16 PM
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However, how to nurture economic growth is the million $ question. Stimulus spending, which some were so opposed to, is one tack; lowering taxes is another, but, lowering taxes would have negative repercussions, both on the deficit, and on the government's ability to pay its liabilities.

Except Keynesian economics has never been shown to work. $5.5 Trillion in stimulus spent on ...? What do we have to show for our Trillions: Bridges, military, infrastructure? How is our unemployment rate? How well is our economy growing? How well have those investments in green energy worked out? How about our purchase of GM and Chrysler stock.

"Obama doesn't pick the winners and losers, he just picks the losers" and he has a nearly perfect track record.

Plus decreasing tax rates generally has shown increased tax revenues.

Meaning, tax cuts don't worsen the budget, they make it better.
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