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Canuck57[_9_]

On 24/07/2010 6:53 PM, Harry  wrote:
On 7/24/10 8:02 PM, wrote:
On Sat, 24 Jul 2010 16:56:27 -0400, wrote:

On Sat, 24 Jul 2010 15:55:29 -0400, wrote:

.

gee. why not let the GOP drop its lies about capital gains tax cuts
stimulating the economy and see?

I think we have already seen. When Clinton cut the Cap gains rate to
20% the Dow went to $11,000. When Bush cut it to 15% the Dow went to
$14,000.

gee. how'd the dow do over the last 3 years with bush's tax cuts in
place

oh. it tanked.

yeah. that's certainly proof that tax cuts help the economy, isn't it?

The Dow was $10,424 Friday and if Obama could actually create some
jobs that weren'r census takers and unemployment clerks it would be
$15,000.

Of course that only affects "buy and hold" people. If you had sense
enough to stop l;oss your windfall in 2006-2007 then buy back in after
the crash, you made a lot of money. I posted my 401k numbers the other
day and my fund manager made over 4% per year over the last 3.

Obama can steer the government into creating or sustaining public sector
jobs, and federal agencies can help the private sector be in a better
position to create or add jobs or rehire, but the private sector isn't
doing anything, despite soaring profits in some segments. It's too bad
the "private" economy doesn't work anymore.

Not sustainable. Governemtn cannot create wealth, they can only
redistribute it and consume it. But cannot create wealth.

You really do not knwo economics if you do not understand government
cannot create wealth.

--

Government has liberals, idealists and lawyers, but where is the common
sense?