From: "NCS Radio"
Subject: Re: High Tech economy in the US
Date: Fri, 17 Jan 2003 01:14:44 -0500
Organization: Posted via Supernews, http://www.supernews.com
X-Newsreader: Microsoft Outlook Express 6.00.2800.1106
I don't think we need more investment right now. Look at all the plants
that are running at 50%-70% capacity. They don't have a NEED to invest
capital even if they had it. What they NEED is an increase in demand. Once
the demand pushes utilization up, then they need capital to invest.
Now, how do you stimulate demand in the short and medium term (forget long
term - "in the long term we are all dead")? You take less money from people
in taxes. But the gumint is already getting less tax revenue because the
economy stinks. So you reduce taxes and the deficit and debt blows up.
Well, reduce gumint spending too. Good idea! Now, whose pet project are we
gonna cut? Well, it's got to be a constituency with no political pull.
Hmmm, that sounds like the middle/upper class (the people that own the small
businesses which are, by the way, responsible for the largest employment and
job creators in the economy).
Hmmm, I think I'll just cut the soles off my shoes, sit in a tree and learn
to play the flute.
Carey Fisher (aka P. Tirebiter)
Chief Technical Officer
New Communications Solutions, LLC
5364 Valley Mist Trace
Norcross, GA 30092
Toll Free Tel & Fax: 888-883-5788
"Rolavine" wrote in message
> >om: "Danny H." email@example.com
> >Okay, lets look at the two sides. Dubya wants to give tax breaks for
> >people (people forget that rich people also includes the people who own
> >large companies) as well as tax breaks for the poor/middle class in the
> >long run.
> > Democrats just want to give money to the poor people...just how
> >the hell is this going to fix the economy? a short term buying spree
> >but what about after that? You think these poor people are just going to
> >save their money (generally even a worse idea as the idea is to promote
> >spending not keep more in your pocket).
> I'm sure that after listening to am talk radio that seems like an
> viewpoint. To add further fuel to it, the rich pay most of the taxes in
> so they could claim that they are entitled to a tax cut. But my point is
> neither the existing giveaway interest rates established by the Fed, or
> tax cut will do much to stimulate the high tech economy, because the
> seems risky after the boom - bust of the late 90's.
> As far as any arguments about the current admins. fiscal policy, we have
> stats. Bush has acted to reduce confidence in our economy, all he does is
> that we must tighten our belts to finance a holy war, you think that yells
> To stimulate high tech development in the US (THE FUTURE) the govt is
> have to hand out some investment dollars, first hand. While the economy
> crumbles Bush fiddles with Iraq, where he seems determined to drop a few
> hundred billion. I feel like a rat, on a foundering ship, who has just
> that no one is at the wheel.