[Winona] Amen Mr Double! (c.e. woodford)

Wed Feb 7 21:59:40 CST 2007

C'mon guys. Cool your jets. Mr. Woodford, for every economist that claims tax cuts grow the economy I can find you one that says increased government spending (funded by taxes) grows the economy. In truth both techniques work. I guess the real question we should ALL be asking is whether the tax cuts can grow the economy fast enough to pay the rapidly increasing deficits caused by the increased government spending of this administration. You see, the current administration seems to have gotten these two basic fundamental principles mixed up. They've cut taxes AND increased government spending. I don't think that is one of the economic growth models in the economics texts I have on MY shelf.

We are running down a hill. Eventually we will trip and fall on our noses (or rather our children will).

And finally, I get  big kick out of conservatives who end their tirades by observing how hateful all liberals are towards conservatives. Sounds like pots calling the kettles black to me. 

When you make ad hominem arguments against stereotyped "liberals" and "conservatives" you just make yourselves look silly.

-Leslie Hittner

  ----- Original Message ----- 
  From: c.e. woodford 
  To: bcbothun at hbci.com 
  Cc: winona forum winona forum 
  Sent: Wednesday, February 07, 2007 2:56 PM
  Subject: Re: [Winona] Amen Mr Double! (c.e. woodford)

  [Winona Online Democracy]

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  Hmmm,
   9 of those quarters were the worst of the post war era? Heck yea! of course they were, they were directly after 9-11. If I remember correctly all of you libs were playing Chicken Little screaming that the sky was falling and the economy was about to collapse and we were essentially going to have to revert to an agrarian economy. It didn't happen did it? The economy IS robust, I cant think of another one on the planet I would rather be working in right now (okay, I take that back, it would be a great time to be doing business in China if I could stand to live under that type of govt, there is a LOT of $$$ being made there right now).
  Mr Bothun, you can try to spin my head with statistics you pull off of govt websites all day, it's not going to work, why? because you are dead wrong. You even admitted it just now when you backpedaled on the tax issue. After I pointed the fallacy in your premise you agreed that the tax cuts worked...so that leads me to ask one question....What are we debating? We aren't... You just agreed with my point regarding the tax cuts...they DID work and now we have a 4% +/- unemployment rate (a theoretical ZERO according to all economists) and it is even lower in Winona County.

  The tax cuts worked, Thank you for agreeing with me. I would also like to take this time to thank our President, George W. Bush, for enacting the tax cuts which have made it possible for me to continue live the lifestyle I lead and to open up further opportunities for all Americans to pursue their dreams.

  Please remember this Mr Bothun, absolutely NO other country in the world offers us the social mobility we have come to take for granted. We live in the best economic model ever made. The only thing (aside from physical limitations ) holding anyone in this country back from being successful professionally of financially is their own lack of motivation to succeed.

  God Bless America!

  C. E. Woodford

  bcbothun at hbci.com wrote:
    "I will assume from the position you are taking that you believe the booming
    economy is a result of divine intervention?"

    Booming Economy?

    There have been 238 Quarters in the postwar era. Of the 24 Quarters since
    January 2000 the best quarter ranks only 56th from the top with only seven of
    those quarters in the top half(120). Nine of those 24 quarters are among the
    50 worst of the post-war era and 17 were in the bottom half. 

    Hmmm, on second thought. It would seem that my argument benefits from a causal
    link between tax cuts and GDP growth (or lack thereof). 

    I agree with you that the GDP growth of the last 24 quarters was the result of
    Tax Policy, not Divine Intervention.

    Bureau of Economic Analysis
    National Economic Accounts
    http://www.bea.gov/national/index.htm#gdp

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