|
PureBytes Links
Trading Reference Links
|
Can't let this pass -- the Reagan tax cuts have become a mantra of
Republican policy. Fact is the tax cut of 1986 was accompanied by the
collapse of oil prices. In January '86 prices went from over $25/BO to $10
or so. The US was using around 16,000,000 BO PER DAY. Do the math.
Charles Marchand
At 04:14 PM 5/26/2003 -0600, you wrote:
>That's what happened in the Regan years- revenue went way up due to the tax
>cuts, it's just that congress spent the additional revenue Plus alot more.
>Steve
>
>----- Original Message -----
>From: "BobsKC" <bobskc@xxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Monday, May 26, 2003 2:52 PM
>Subject: Re: [RT] spx daily
>
>
> > I believe his thinking is that if you reduce unemployment via the creation
> > of jobs via spending by the public, you get a lot more tax money coming
>in.
> >
> > Bob
> >
> > At 12:19 PM 5/26/2003 -0400, you wrote:
> > >He has also stated a commitment to reduce the budget deficit. It remains
> > >to be seen how the tax reduction he has argued for would accomplish that.
> > >I haven't seen a single analysis that explains how this tax cut will
> > >reduce the deficit.
> > >
> > >Regards
> > >DanG
> > >
> > >Kent Rollins wrote:
> > >>How is it inconsistent? First, he cut taxes. Then he cut taxes
> > >>again. Seems consistent to me.
> > >>
> > >>Kent Rollins
> > >>
> > >>
> > >>----- Original Message -----
> > >>From: <mailto:TheGonch@xxxxxxxxxxx>Dan Goncharoff
> > >>To: <mailto:realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
> > >>Sent: Monday, May 26, 2003 4:47 AM
> > >>Subject: Re: [RT] spx daily
> > >>
> > >>Bush may (or may not) be smart politically, but there is clearly a
> > >>difference between his foreign policy team, which incorporates a
> > >>diversity of views, and his economic team, where very member of the
> > >>original team has quit or been pushed out. Bush seems to be lacking the
> > >>economic policy equivalent of Rice, someone who defines a longer-term
> > >>consistent message. Until he gets one, I will not trust Bush's policy to
> > >>be well thought-out.
> > >>
> > >>That to me is the biggest reason to be worried about the future of the
>US
> > >>economy -- a president (or administration) that doesn't understand what
> > >>it is doing can cause a lot of damage.
> > >>
> > >>Regards
> > >>DanG
> > >>
> > >>Kent Rollins wrote:
> > >>> >The current economic condition is SYSTEMIC....and thus resistant to
> > >>> "Quick fixes".
> > >>>
> > >>>Three years of a down economy is not "quick". And "resistant" is not
> > >>>impermeable.
> > >>>
> > >>> >Bush fired Laurel and Hardy (O'Neill and Lindsay) because they told
> > >>> him you can't cut taxes, wage expensive war, and continue sponsoring a
> > >>> huge, costly bureaucracy in Washington....it's economic suicide in the
> > >>> long run.
> > >>> >That's why he fired them....but THEY were right.
> > >>>
> > >>>If O'Neill and Lindsay were in your opinion right, then why do you
>refer
> > >>>to them as Laurel and Hardy. This is part of your problem, MASSIVE
> > >>>Mark. You are overly critical of everything. We're either going to
> > >>>have MASSIVE inflation or MASSIVE deflation. You don't care which as
> > >>>long as it is MASSIVE and destructive.
> > >>>
> > >>> >These deficit projections are just the tip-of-the-iceberg.......and
> > >>> incredibly, there is still no talk of government cut-backs in spending
> > >>> programs and transfer payments.....just incredible !
> > >>>
> > >>>Bush is smart politically. There was a study done in the late 80's
>that
> > >>>said for every new dollar of tax money brought to the government by
> > >>>economic growth, Washington spent $1.30 (or some figure like
> > >>>that). That was the 80's. I doubt things have changed. Bush is
> > >>>choking of Washington's money supply. That's the only way to get them
> > >>>to reduce spending. It's the only way PERIOD. You seem to think that
> > >>>these bigger deficits are a problem. Recently, there was a book
> > >>>published that studied the effects of large national debts on
> > >>>countries. England in the 1800's had a national debt that was 300% of
> > >>>GDP. THAT'S MASSIVE, MARK. A number even you would appreciate. They
> > >>>built up that debt thru wars and empire building. But it wasn't a
> > >>>problem for England. They paid it off and now they are just fine.
> > >>>
> > >>>The only way to make Tiny Daschle say "Well, I guess we don't have
>money
> > >>>for new social-dependency (aka vote-buying) programs." is to put him in
> > >>>a deficit position. What are the Dumocrats really complaining about
> > >>>today? Listen carefully. They are complaining that they can't enact a
> > >>>drug benenfits program (aka social dependency program, aka vote-buying
> > >>>program). They are complaining that they can't make healthcare free
>for
> > >>>everyone. They don't want to pay down the debt. They want to take our
> > >>>money from us and use it to make us dependent on a social welfare
> > >>>State. Despite the fact that we know socialism and welfare
>failed...MASSIVELY.
> > >>>
> > >>>The only way...THE ONLY WAY...to cut Washington's spending habit is to
> > >>>take away their money. And THAT is exactly what Nucular George is
>doing.
> > >>>
> > >>>Do you see anything in the world today that is going right, MASSIVE
> > >>>Mark? Anything positive?
> > >>>
> > >>>Kent Rollins
> > >>>
> > >>>
> > >>>----- Original Message -----
> > >>>From: <mailto:mar.ko@xxxxxxxxxxx>Mark Simms
> > >>>To: <mailto:realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
> > >>>Sent: Sunday, May 25, 2003 12:55 AM
> > >>>Subject: RE: Re[3]: [RT] spx daily
> > >>>
> > >>>I'm not thinking MASSIVE here, only LONG-TERM.
> > >>>Part of my bearishness comes from the current high PE Ratios for
> > >>>one....there just seems to be so much ANTICIPATION for a big recovery
>here...
> > >>>I don't see it, quite frankly.
> > >>>Bush fired Laurel and Hardy (O'Neill and Lindsay) because they told
>him
> > >>>you can't cut taxes, wage expensive war, and continue sponsoring a
>huge,
> > >>>costly bureaucracy in Washington....it's economic suicide in the long
>run.
> > >>>Bush did not want to hear this....moreover, he's "dumb"...economically.
> > >>>That's why he fired them....but THEY were right.
> > >>>These deficit projections are just the tip-of-the-iceberg.......and
> > >>>incredibly, there is still no talk of government cut-backs in spending
> > >>>programs and transfer payments.....just incredible !
> > >>>Unfortunately, Bush may be out of office before this is proven
>correct.....
> > >>>
> > >>>
> > >>>>-----Original Message-----
> > >>>>From: Kent Rollins
> > >>>>[<mailto:kentr@xxxxxxxxxxxxxx>mailto:kentr@xxxxxxxxxxxxxx]
> > >>>>Sent: Friday, May 23, 2003 8:16 AM
> > >>>>To: <mailto:realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
> > >>>>Subject: Re: Re[3]: [RT] spx daily
> > >>>>
> > >>>>How can YOU ignore everything besides the tech sector? If everything
> > >>>>but the tech sector has turned the corner on the economy, that sounds
> > >>>>like a good thing to me.
> > >>>>
> > >>>>With respect to the "derivatives bubble", prove to me that there is
> > >>>>one. This is the first I've heard about it. Lately, Warren Buffet
>has
> > >>>>been saying a lot of stuff with which I don't agree.
> > >>>>
> > >>>>FYI, consumers have been repairing their balance sheets as well.
>Sorry
> > >>>>I can't remember the numbers on that one either. It's not as dramatic
> > >>>>as the improvements on the corporate side, but it was an improvement.
> > >>>>
> > >>>>So you're joining Simms on predicting MASSIVE Great Depression II.
> > >>>>
> > >>>>Kent Rollins
> > >>>>
> > >>>>
> > >>>>----- Original Message -----
> > >>>>From: <mailto:bradcline@xxxxxxxxx>Brad Cline
> > >>>>To: <mailto:realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
> > >>>>Sent: Friday, May 23, 2003 2:08 AM
> > >>>>Subject: RE: Re[3]: [RT] spx daily
> > >>>>
> > >>>>How can you ignore the tech sector? That's like pro forma accounting.
> > >>>>If I didn't have to make my house payment everything is rosy. The
> > >>>>markets have seen their lows only if the derivitivies bubble doesn't
> > >>>>burst, or consumer debt doesn't come home to roost. Warren Buffet has
> > >>>>said that derivities are a "time bomb" waiting to happen. Maybe the
>fed
> > >>>>will be able to balance everything out over time but I wouldn't bet on
>it.
> > >>>>>-----Original Message-----
> > >>>>>From: Kent Rollins
> > >>>>>[<mailto:kentr@xxxxxxxxxxxxxx>mailto:kentr@xxxxxxxxxxxxxx]
> > >>>>>Sent: Thursday, May 22, 2003 8:12 PM
> > >>>>>To: <mailto:realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
> > >>>>>Subject: Re: Re[3]: [RT] spx daily
> > >>>>>
> > >>>>>Corporations have been doing balance sheet repair for 2 years
> > >>>>>now. AT&T alone has eliminate over $50 BILLION in debt. I saw on
>the
> > >>>>>tube last week someone who had a stunning statistic on what the S&P
> > >>>>>profits are if you ignore the tech sector. Wish I could remember
>what
> > >>>>>that statistic was. And the tech sector will fall in line soon
> > >>>>>enough. You are stuck in a rut. The markets have seen their
> > >>>>>lows. Shake it off.
> > >>>>>
> > >>>>>Kent Rollins
> > >>>>
> > >>>>
> > >>>>To unsubscribe from this group, send an email to:
> >
> >>>><mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx>realtraders-unsubscribe@
>yahoogroups.com
> > >>>>
> > >>>>
> > >>>>
> > >>>>Your use of Yahoo! Groups is subject to the
> > >>>><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> > >>>
> > >>>
> > >>>To unsubscribe from this group, send an email to:
> >
> >>><mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx>realtraders-unsubscribe@x
>ahoogroups.com
> > >>>
> > >>>
> > >>>
> > >>>Your use of Yahoo! Groups is subject to the
> > >>><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> > >>>
> > >>>
> > >>>To unsubscribe from this group, send an email to:
> >
> >>><mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx>realtraders-unsubscribe@x
>ahoogroups.com
> > >>>
> > >>>
> > >>>
> > >>>Your use of Yahoo! Groups is subject to the
> > >>><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> > >>
> > >>
> > >>To unsubscribe from this group, send an email to:
> >
> >><mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx>realtraders-unsubscribe@xx
>hoogroups.com
> > >>
> > >>
> > >>
> > >>Your use of Yahoo! Groups is subject to the
> > >><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> > >>
> > >>
> > >>To unsubscribe from this group, send an email to:
> >
> >><mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx>realtraders-unsubscribe@xx
>hoogroups.com
> > >>
> > >>
> > >>
> > >>Your use of Yahoo! Groups is subject to the
> > >><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> > >
> > >Yahoo! Groups Sponsor
> > >
> >
> ><http://rd.yahoo.com/M=247865.3355058.4641699.1512248/D=egroupweb/S=1705001
>779:HM/A=1482387/R=0/*http://ads.x10.com/?bHlhaG9vaG0xLmRhd=1053966084%3eM=2
>47865.3355058.4641699.1512248/D=egroupweb/S=1705001779:HM/A=1482387/R=1=1053
>966084%3eM=247865.3355058.4641699.1512248/D=egroupweb/S=1705001779:HM/A=1482
>387/R=2>cb338.jpg
> > >cb367.jpg
> > >
> > >To unsubscribe from this group, send an email to:
> > >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > >Your use of Yahoo! Groups is subject to the
> > ><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/Lj3uPC/Me7FAA/CNxFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|