   Liberal Economic Policy Fails
  California''s dying economy could indicate that liberal economic practices will only destroy an economy.  California has long been governed by liberal politicians who have always tried to spend as much money as posible and then tax more so they could spend more.Now with governor Davis, a very liberal politician, and a majority of liberal politicians in the CA government, CA has out of control spending.  Liberal economic policy does not work because it will just spend us to death.  What every happened to balancing your checkbook like the everyday normal american has to do.Conservitive economic policy calls on politicians to balance their "Checkbook."  It calls for politicians to live within their means and not increase taxes.  In fact it calls for every american to get tax relief.  When the everyday american has more money in his pocket because of tax relief the economy will do better.  Who here wants government to increase their taxes?  I for one believe that I can manage my money better than the government can manage my money and CA is proof of that. 
  What a load of crap. ;  Then, obviously, conservative economic practices must destroy economies as well, since the Bush administration has tanked our national economy. ;  Or maybe it is AMERICAN Economic Policy that makes the economy crash? ;quote:Original post by ktuluorion  Then, obviously, conservative economic practices must destroy economies as well, since the Bush administration has tanked our national economy.   Did you actually investigate the current state of the economy, or just regurgitate what media tells you?;  Break out the marshmallows... let the Flame Wars begin!~BenDilts( void ); ;quote:Original post by ThoughtCriminal  quote:Original post by ktuluorion   Then, obviously, conservative economic practices must destroy economies as well, since the Bush administration has tanked our national economy.   Did you actually investigate the current state of the economy, or just regurgitate what media tells you? Oh god.Here goes another "Oh we can''t trust the bmeeeedia!!!!!oneone"Is it true that we have the biggest national debt in history, EVER, right now?Is it true that (at least a couple of months ago) we had something along the lines of a 10 year high in unemployment?I mean.. give me a break.  At least argue that it will "Get better" or something, but don''t just sit there with your hands over your ears claiming that the "Liberal Media" are distorting everything.;quote:Then, obviously, conservative economic practices must destroy economies as well, since the Bush administration has tanked our national economy. President Bush recently implimented a tax cut.  I recently got some of my money back from the government, and guess what, the Economy is doing better!  Since April, the economy has been doing a lot better.  And let's see, when did the tax cut go into effect.. hmm let me think.  When americans get to keep more of their money the economy does better.   [edited by - OneBitWonder on August 15, 2003 12:19:18 PM] [edited by - OneBitWonder on August 15, 2003 12:32:34 PM];quote:Original post by BeanDog  Break out the marshmallows... let the Flame Wars begin!~BenDilts( void );   /me pulls out pointy sticks to first cook marshmallows on, then later to stick people with when we all get angry and start fighting. Ahhh i''m doing it again.I''m doing irc talk without thinking about it.  I''ve also found myself saying "slash me is going to go to the bathroom" in real life.;quote:Original post by ktuluorion  Then, obviously, conservative economic practices must destroy economies as well, since the Bush administration has tanked our national economy.   Huh?  This economy was already down when he got elected.  That''s a historical fact.  It was starting to recover when 9/11/2001 rolled around.  That''s a historical fact.  It turns out that much of the "Clinton boom" was bullshit as was evidenced by Enron/WorldCom et al as well as the phony, overinflated tech bubble... when that popped over the course of 2001 into 2002, the economy reacted badly as well - mostly by comparison, however, to the phony highs that it was at before.  In the mean time, almost every major indicator has improved over the past 6 months to a year.Now... if you want some examples from California:-- In the governor''s first four years in office, spending increased 36 percent, far higher than the 5 percent annual increase in the state''s population and inflation. -- As a quid pro quo for campaign contributions from state employees, California employees such as fire fighters and police officers can now retire as early as age 50, with 90 percent of their salary -- among the most generous pensions anywhere.-- Although, by law, tax hikes require two-thirds legislative majority, the governor, by fiat, tripled the state''s car tax.-- The governor signed a bill to require employers to grant paid family and medical leave.-- Most California businesses saw their workers'' compensation premiums double and even triple, while increasing payouts, despite the fact that the number of claims filed actually decreased.  -- The state already imposes up to 9.3 percent state income tax, among the country''s highest.  -- California''s sales tax is 7.25 percent -- the nation''s highest -- with some counties adding on even more.   -- During California''s so-called energy crisis, the governor dragged taxpayers into the power business. According to the San Francisco Chronicle, " … (E)xperts estimate that California paid about $40 billion too much for power in 2000 and 2001 as energy firms jacked up prices. Adding in the $10 billion of overcharges from the long-term contracts would bring the state''s tab for the energy crisis to $50 billion." -- Despite the governor''s declared "freeze" in hiring, he added 44,000 people to the state payroll.-- For the first time since 1940, California lost residents to other states.   Over the last several years, many businesses left California for business-friendly states like Utah and Nevada, resulting in a loss, since 2001, of nearly 300,000 jobs in manufacturing alone. This hurts, because, in a state of over 30 million, with almost 15 million tax filers, 11 percent of California taxpayers -- those earning more than $100,000 per year -- pay 80 percent of the state''s income tax, while the top 5 percent pay nearly 70 percent of income taxes, and just 330,000 "high-income" taxpayers -- the top 2 percent -- shoulder about 50 percent of the state''s income taxes.   Dave Mark - President and Lead DesignerIntrinsic Algorithm - "Reducing the world to mathematical equations!"