Posted By:
Ted ZanidakisI am not an economist....I am a retired Electronics Engineer....and I have a long memory.
In the early 1960's Kennedy reduced TAXES and this gave a big boost to the US economy.
In the 1980's Reagan reduced TAXES several times and the US economy was pulled out of the dregs of the Carter days.
During 2001 to 2004, Bush reduced TAXES several times and the US economy has overcome a recession, the disastrous
effects of 9/11 and a war. This economy is doing great with only 4.6% unemployment, the DOW at 14,000, and despite
OIL at $85+/barrel....gas at the pumps is still averaging $2.60/gal., nationwide.
You can quote all kinds of theories and curves....the simple fact is everytime TAXES have been reduced the American
public benefits, you cannot argue with history on this subject.
And remember, we can spend.....save.....or otherwise enjoy our hard earned money better.....than this bureaucratic,
inefficient government that we have.
TED Z