OT: Rating the President

rextorres · #1 February 5th, 2003, 01:48 AM

With the deficit budget currently proposed by the resident thing are kind of scary. The fed will eventually need to raise interest rates to prevent inflation. Unfortunately - the proposals put out are counting on growth to make up for the deficit which raising interest rates will have hamper.

Something is going to have to give. I still don't understand how some people in this forum can endorse W's Voodoo economics.

Fyron · #2 February 5th, 2003, 02:13 AM

I see nothing bad in that article. The article even states that more low-income employees will be eligible for forced overtime pay.

Quote:

"If this minimum level is raised, more employees automatically will be entitled to overtime, thus providing additional protections to low-wage workers," she said.

geoschmo · #3 February 5th, 2003, 03:04 AM

Quote:

Originally posted by rextorres:
Something is going to have to give. I still don't understand how some people in this forum can endorse W's Voodoo economics.

Probably because we understand it's not voodoo, but sound economic policy that realizes the economy isn't a zero sum game, encourages entrepreneurship and economic growth instead of incentivising counter productive behaiviors. The governments job isn't to decide who gets how much of the pie. The government's job is to stay out of the way so the pie can get bigger. GWB get's that. You don't obviously.

Geoschmo

[ February 05, 2003, 01:05: Message edited by: geoschmo ]

rextorres · #4 February 5th, 2003, 03:31 AM

Quote:

Originally posted by geoschmo:

The governments job isn't to decide who gets how much of the pie. The government's job is to stay out of the way so the pie can get bigger. GWB get's that.

Geoschmo

You know who had that very same philosophy?

Herbert Hoover.

[ February 05, 2003, 01:39: Message edited by: rextorres ]

Askan Nightbringer · #5 February 5th, 2003, 03:46 AM

Quote:

Originally posted by rextorres:
You know who had that very same philosophy?

Herbert Hoover.

Who was he?

But I must say about George W....when the Enron scandal broke out he was up to his eyeballs in it. How could anyone ever trust him to produce sound fiscal policy after that?

Askan

geoschmo · #6 February 5th, 2003, 03:52 AM

Quote:

Originally posted by rextorres:

quote:
Originally posted by geoschmo:

The governments job isn't to decide who gets how much of the pie. The government's job is to stay out of the way so the pie can get bigger. GWB get's that.

Geoschmo

You know who had that very same philosophy?

Herbert Hoover.

And he was right. What's your point? Oh, I forgot. You don't have a point. You have soundbites.

Geoschmo

geoschmo · #7 February 5th, 2003, 03:59 AM

Quote:

Originally posted by Askan Nightbringer:

quote:
Originally posted by rextorres:
You know who had that very same philosophy?

Herbert Hoover.

Who was he?

But I must say about George W....when the Enron scandal broke out he was up to his eyeballs in it. How could anyone ever trust him to produce sound fiscal policy after that?

Askan

Uh no. The only thing Bush had to do with Enron was they gave some campaign donations. Enron gave loads of cash to both sides. That's one of the dirty little secrets of American politics. It's not a republican or democratic problem, it's a rot the whole process.

Clinton policies were actually much mroe favorable to Enrons way of doing business. FOr example Ken Lay was a huge supporter of the Kyoto agreement, which Bush has all but scrapped.

Who was president while Enron was doing all it's shenanigans? Not Bush.

Geoschmo