On Mon, Jan 7, 2013 at 6:25 PM, David Shemano <[email protected]>wrote:
> Give me one example whether a GOPer advocated lower rates on the rich to > stimulate aggregate demand. > Are you kidding me? This is the reason the right wing gives for every tax cut they every propose. Conservatives are Keynesians when it suits them. See e.g. George W. Bush from 2001. You cannot get more explicit than this: http://www.nytimes.com/2001/03/28/us/excerpts-from-bush-speech-promoting-his-tax-cuts.html ---------------------------------snip We must put more money in the hands of consumers in the short term and restore confidence and optimism for the long term. We need an immediate stimulus for our economy and a pro-growth environment for years to come. [...] In the short term, the American consumer needs a hand. About 25 million families are carrying more than $10,000 in credit-card debt. Many families have tried to reduce their debt by tapping into their home equity and, partly as a result, the average homeowner's equity share in his or her house declined in the 1990's. More than a few consumers counted on their earnings in the stock market to help them carry their obligations. They need tax relief fast. In fact, they need it yesterday. So I strongly support the idea of backdating tax relief to get cash into the consumers' hands as swiftly as possible. And I applaud the members of Congress, Republicans and Democrats, who have come forward to endorse quick action on tax relief. Yet our economy needs more than a pick-me-up, more than a one-time boost.
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