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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
Curtis Whitton's comments:
Both Candidates are for some degree of big government and spending. Jobs are generated when someone purchases something or does something that they can not do for themselves. The state can really do anything for itself. Thus tax and spend is a necessity.
Corporations are granted charters with a promise of perpetual life and limited liability. Corporations then organize around a set of objectives and organizational structures. Corporations can not do anything for themselves either
50 years of tax cuts and 30 years of Capital Gains adjustments have yet to produce a sustainable economy.
The Enron Energy Bubble, the Technology Bubble, and now the Housing Bubble and Recession lead me to conclude that Wall Street can not meet Wall Street's expectations for growth without electronic irrational exuberant title transfer commissions. Vapor profits.
Tax Cuts did not work. Our top ten exports during the Bush administration were composed of used clothing to the third world, scrap metal to China, and used paper. What isn't but should be listed are US TREASURY NOTES owned by foreign countries. The Dow Jones lost over 100 points when China raised its Interest Rate by 1 %.
President Clinton on the David Letterman labeled the cause of the economic crisis as a " failure to invest in the REAL economy".
Promises, Promises , BromiseS
posted 2 years, 6 months ago
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