At 11:40 PM 1/14/2004 -0600 Dan Minette wrote:
>Because Republicans favor tax and spending policies that favor focusing
>wealth in the "entrepreneur class" because "they are the ones that give
>jobs to the rest of us."
That's funny, because I seem to recall George H. W. Bush raising taxes on
the rich. I also don't remember Richard Nixon as being a big tax cutter
nor a person who was much interested in cutting spending on the poor.
As for the idea that Reagan and George W. Bush favored "focusing wealth in
the entrepreneur class", I don't think that I'm going to even dignify such
a ridiculous statement with further comment.
>> and if you believe that the recessions of '82, '91,
>
>> and '01 were all the Republicans' fault.
>
>No, their policies just exaperated the recessions and weakened the
>recoveries.
It is pretty bold of you Dan to claimun the George W. Bush has just
"exasperated.... and weaked the recovery" of the *mildest* recession since
WWII, if not ever. Indeed, it kind of makes wonder who we are speaking
of when we talk of those who "won't be convinced by data."
Of course, I forgot, that I am an economist, and since economics isn't a
science I won't be convinced by data. Of course, I should also point out
that you have a long history of playing fast-and-loose with economic data
on this List, doing things like ascribing economic data from Carter's
Presidency to Ronald Reagan.
At any rate, in examining economic data since 1982, you should surely be
prepared to make adjustments for the fact that all three recessions
happened to land during Republican Presidencies - which you have conceded
were not the Republicans' fault. Most everyone would concede that
recessions, almost by definition, have a greater impact on those at the
bottom of the income bracket than at the top, as these people have less
assets to insulate themselves from economic hard time. Moreover, I am
sure that blacks benefitted greatly during the bubble years of the 1990's,
when the US labor market overheated and produced unsustainable levels of
employment.
JDG
_______________________________________________________
John D. Giorgis - [EMAIL PROTECTED]
"The liberty we prize is not America's gift to the world,
it is God's gift to humanity." - George W. Bush 1/29/03
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