LET'S GO USA!!!! Bush/Cheney 2004!!!!

[netadminalan]

Economies the size of the US don't operate at lightning speed. Check out economies 3 years after a major tax increase and three years after a major tax cut.

The economy gets better after a tax cut - people have more money to put into the economy and it's not thrown away on some politicians fat project.

When politicians take large amounts of money out of the economy for tax increases it slows the economy down. People have less money and politicians have more. So they can pork it out to their buddies for stupid projects like lite rail. In Minnesota we have 1 billion dollar lite rail. Now does it really cost 1 billion dollars for a few miles of track? No but the politicians who forced it on us are guaranteed votes by all of the wonderful union members who built the overpriced crap. Oh and they'll get more and when the cost increases they'll just raise taxes again.

John F Kennedy knew this and if here were alive today he wouldn't be voting like his tubby brother!

Also - you have to take into consideration what the cost of 9-11 was. We lost BILLIONS of dollars! Infrastructure - the airlines. Do you have any idea what losing three full days of airline revenue and subsequent losses in the following years actually cost the US economy? It's enormous!

You cannot tax your way to prosperity.

 

[Stunt]

you are assuming that money is vanished into thin air. Not the case, the money NOT spent on sirline tickets was spent on bus passes, ppl vactioned less and instead invested in home renovations. The housing market has had massive gains. 9/11 cost the US economy nothing except the GDP of the ppl that died in the WTC. The money has always been there...just a shift in revenues.

 

[gsaldivar]

Originally posted by: GoPackGo
That was Beautiful Man

 

[netadminalan]

The economy doesn't work the same way your wallet does. To believe the only impact 9-11 had was the GDP of the people who lost their lives is ridiculous. The US economy lost whole businesses on 9-11. The impact of losing all air traffic was a gigantic loss to the US economy. Something buses and trains could never dream of making up for.

The entire southern tip of Manhattan was affected for over a year. Businesses there lost tons of money because when you lose 50,000 + people coming into your neighborhood it tends to put a dent in your sales. Let?s also remember that many of the buildings around the Trade Centers were damaged and some are still closed today.

I am sorry but if you look at the fiscal numbers, the tourists that came to see ground zero didn?t quite make up for that financial loss. Insurance companies had to pay billions; families had to deal with lost incomes. The federal taxpayer had to dole out billions in aid dollars that would have been spent on an investment somewhere else that was now just going to sustaining those with losses.

Also the federal taxpayer had to bail out the airline industry and is still helping today. That money is lost because it?s not being invested in anything other that sustenance. So it hasn?t vanished into thin air, it?s been used to sustain lives, but that does not grow an economy and had 9-11 not happened those businesses would have generated billions instead of costing billions and our federal tax monies would not been depleated.

 

[Stunt]

the money was all spent, some areas were negatively affected by 9/11 but some were positively affected. The insurance companies had to hire people to deal with all the new claims, more recovery personel were needed, the ppl who didnt go fly to new york to visit stayed at home where they had renovations done to their homes. Lets say that ppl didnt spend their money, it would still be in the banking system where it is then invested into other areas such as project development. It's not that the money was lost but a shift in revenues. I can see your tourist point, but that is small considering it is out of season, and you are losing out on a bit of forign investment, but that is normal. Domestically the economy was not affected. Internationally, the same thing happened with sars in China, americans didnt go there so there...u made back the money you lost on the americans not going to another country and spending their money in the US.