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Old 10-04-2012, 15:29   #87
douggmc
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Join Date: Feb 2007
Location: Orlando, FL
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Quote:
Originally Posted by beforeobamabans View Post
The only solution to our economic mess is dramatic reductions in spending with equally dramatic reductions in taxes. Why? Government spending is stimulative, it just isn't very efficient. When you reduce it, you need to replace with a more efficient stimulus, which is putting the money back into the hands of private enterprise where it will be spent to grow businesses. Has this ever been done? Yes. Study the depression of 1920 in the wake of the progressive Wilson and the measures instituted by Coolidge that resulted in the Roaring 20's.

Romney is only slightly closer to this than Obama. His prescriptions are weak and really won't solve the country's problems. Many here think he can be a placeholder until something more conservative comes along but what will happen is, when he fails, the pendulum will swing harder to the left and there will be no chance for a true conservative reformer.
Quote:
Originally Posted by TexasGlockster View Post
I didn't finish reading the thread so forgive me if this was addressed. You do know that virtually none of the actions taken during the 20s, 30s, or early 40s had any real impact on the economy (at least any helpful impact)? Be careful when you reference history to support a faulty conclusion. It took WW2 to get us out of the Great Depression.

On a separate note, for those of you who aren't voting because you don't like Romney: do you really think your failure to support Romney is beneficial? Make no mistake. Not voting for Romney is still a vote for Obama.
Agreed. Further the "dramatic reductions in taxes" in early 1920s ( http://www.taxpolicycenter.org/taxfa....cfm?Docid=213 ) that you cite and attribute to the roaring 20s ended in ... what? Hint .. started 29/30 Sound familiar? Examine the tax rates during that time frame vs. what we started doing in Reagan years and you'll see a parallel.
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