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Sorry but I just had to illustrate the silliness of the people on this board arguing that the US has been in decline economically since the 1980s. This is a perfect analogy - the US economy was going to hell in a handbasket in the 1970s as a direct result of the economic policies in place at the time - we then dumped Keynes and Galbraith, eliminated price controls, cut tax rates, reduced regulation, cut tariffs, allowed the economy to grow naturally, and as a result we don't have to stimulate it as much with inflation and thus on top of the growth have more price stability.

Now when you talk of "the rich" you're talking about 15% of us, not 1.5% of us, and if there's a "comfortable" class, a "becoming rich" class, that's about 30% of us. A minority, yes, but a minority about 10 times its size in the 1970s, and if we continue the low tax rates and low regulation and just freeze - not cut, just freeze - federal spending, it's be a majority in 2 generations.

2007-04-11 03:08:16 · 6 answers · asked by Anonymous in Politics & Government Politics

http://www.freerepublic.com/focus/f-news/1229294/posts
http://www.nytimes.com/specials/downsize/21cox.html
http://www.bls.gov/opub/mlr/1988/05/art1full.pdf
http://www.frbsf.org/econrsrch/wklyltr/el97-07.html#winners
http://www.dallasfed.org/fed/annual/1999p/ar95.html
http://money.cnn.com/2005/05/25/pf/record_millionaires/index.htm?cnn=yes
http://money.cnn.com/2005/09/28/news/economy/millionaire_survey/index.htm?cnn=yes
http://money.cnn.com/2006/03/28/news/economy/millionaires/?cnn=yes
http://www.heritage.org/Research/Labor/bg1773.cfm

2007-04-11 03:08:23 · update #1

Johnny, the socialist branch????

You mean there's more to that tree?

I think it's the socialist ROOTS.

2007-04-11 03:22:06 · update #2

6 answers

Which is exactly why we should be supporting Halliburton and Exxon by invading Iraq and making enemies of 80% of the world.

2007-04-11 03:12:23 · answer #1 · answered by Anonymous · 1 3

As usual, you hit the nail on the head.

Be prepared for the Socialist branch of Democratic party on this site to admonish you for not letting "the rich" keep more of what they have earned.

2007-04-11 10:19:33 · answer #2 · answered by Time to Shrug, Atlas 6 · 0 0

Declining, they are not declining they are reloading. I hate NE but they will win the super bowl next year because they have added more offensive fire power.

2007-04-11 10:48:22 · answer #3 · answered by King Midas 6 · 0 0

The tax the rich scheme is even worse. Someone who owns rental property is considered "rich" by the liberals definition.

2007-04-11 10:13:04 · answer #4 · answered by Anonymous · 4 1

I blame steroids and the tax code.

2007-04-11 10:27:21 · answer #5 · answered by az 4 · 0 0

i blame the George Bush for the NE pats decline...i didn't read the other stuff.

2007-04-11 10:12:38 · answer #6 · answered by Anonymous · 1 3

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