----- Original Message ----- 
From: "JDG" <[EMAIL PROTECTED]>
To: "Killer Bs Discussion" <[email protected]>
Sent: Thursday, May 05, 2005 10:13 PM
Subject: Re: US riches, actual and hypothetical



> Unless you and Dan have some brilliant economic theory as to why
> Republicans tend to cause recessions and Democrats tend to produce
> uninterrupted economic growth regardless of the business cycle, your
> analysis is deeply flawed.

This is one area where we differ.  I believe that data come first, theory
comes second.  Data need not fit the theory, but the theory needs to fit
the data.

Dan M.


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