"Analyst: Obama Would Be A Nightmare For Defense Programs, Firms"

On Apr 22, 6:30 pm, "Vaughn Simon"
wrote:
"Mike" wrote in message

...

Goodbye to your favorite weapon programs. The money will go to liberal
social welfare programs....

As with your toilet habits, your political ideas are of absolutely no
interest to me. Take it to a political group.

Vaughn

I assume you won't take the poll regarding whether you wipe back to
front, or front to back?
:-Þ

On Apr 22, 7:18 pm, Dan wrote:
Translation: "The gravy boat may be sailing."

Dan

Let them learn to repair/rebuild bridges and highways.

"Ed Rasimus" wrote in message
...


Carter cut programs in the military aggressively, froze promotions and
military pay/allowances for three of his four years, gave us 22%
inflation and an 18% prime interest rate,

How did a president 'give' us those rates?

Glenn D.

On Wed, 23 Apr 2008 09:42:23 -0600, "Glenn Dowdy"
wrote:


"Ed Rasimus" wrote in message
.. .


Carter cut programs in the military aggressively, froze promotions and
military pay/allowances for three of his four years, gave us 22%
inflation and an 18% prime interest rate,

How did a president 'give' us those rates?

Glenn D.

Generally the state of the economy is attributed to the economic
policies of the incumbent president. (Recall Clinton's claim of
leaving a balanced budget and reducing the national debt? Notice the
attribution of the current market decline, AKA recession, to Bush tax
cuts? Recall the Reagan tax cuts followed by increases in federal
revenue followed by a spending orgy by the Congress?)

If you take office with 4% inflation and 6% interest rates and in four
years without a major cultural shock like a 9/11 or significant war
the inflation rate has skyrocketed and interest rates make home owners
instantly "wealthy" but home buyers turn into apartment seekers, you
take the blame.

If your successor cuts taxes and within three years the indicators are
significantly reversed, we can assume a cause/effect relationship.

Ed Rasimus
Fighter Pilot (USAF-Ret)
"When Thunder Rolled"
www.thunderchief.org
www.thundertales.blogspot.com

Ed Rasimus wrote:
On Wed, 23 Apr 2008 09:42:23 -0600, "Glenn Dowdy"
wrote:

"Ed Rasimus" wrote in message
...

Carter cut programs in the military aggressively, froze promotions and
military pay/allowances for three of his four years, gave us 22%
inflation and an 18% prime interest rate,
How did a president 'give' us those rates?

Glenn D.

Generally the state of the economy is attributed to the economic
policies of the incumbent president. (Recall Clinton's claim of
leaving a balanced budget and reducing the national debt? Notice the
attribution of the current market decline, AKA recession, to Bush tax
cuts? Recall the Reagan tax cuts followed by increases in federal
revenue followed by a spending orgy by the Congress?)

If you take office with 4% inflation and 6% interest rates and in four
years without a major cultural shock like a 9/11 or significant war
the inflation rate has skyrocketed and interest rates make home owners
instantly "wealthy" but home buyers turn into apartment seekers, you
take the blame.

If your successor cuts taxes and within three years the indicators are
significantly reversed, we can assume a cause/effect relationship.

Ed Rasimus
Fighter Pilot (USAF-Ret)
"When Thunder Rolled"
www.thunderchief.org
www.thundertales.blogspot.com

Yeah, no oil embargoes or OPEC cartels raising prices at all... No
major revolutions in the oil patch...

D'oh!

Dan

Ed Rasimus wrote:
Snip:
And, now he believes Hamas is willing to co-exist with Israel...

One can only say the Jimmy Carter meant well.

...but executed poorly.
Ed Rasimus
Fighter Pilot (USAF-Ret)
"When Thunder Rolled"
www.thunderchief.org
www.thundertales.blogspot.com


I wish he would stick to building houses & Leave the politics to the pros.

Ray O'Hara wrote:
"Jack Linthicum" wrote in message
...

On Apr 22, 9:48 am, Mike wrote:

Goodbye to your favorite weapon programs. The money will go to liberal
social welfare programs....

Analyst: Obama Would Be A Nightmare For Defense Programs, Firms

Defense Daily

If Sen. Barak Obama of Illinois wins the Democratic presidential
nomination and then goes on to be elected to the White House, the
defense industry better brace for tough times, according to Heidi
Wood, Morgan Stanley defense analyst.


other industries would benefit and we need to spend money on the U.S.



Except Big spending Lib programs Generally mean Big Government rather
the private enterprise. Thus more money to the rat holes of midnight
Basketball, Head start, & God only knows what program they come up with
for this housing crisis.

Dan ha scritto:
Recall the Reagan tax cuts followed by increases in federal
revenue followed by a spending orgy by the Congress?)

Someone can explain to me the contradictory justapoxition of "tax cuts"
and "increases in federal revenue" ?

Best regards from Italy,
Dott. Piergiorgio.

On Apr 23, 11:45*pm, "dott.Piergiorgio"
wrote:
Dan ha scritto:

Recall the Reagan tax cuts followed by increases in federal
revenue followed by a spending orgy by the Congress?)

Someone can explain to me the contradictory justapoxition of "tax cuts"
and "increases in federal revenue" ?

When we in the USA talk about tax cuts, we are real talking about
income tax rate cuts.

Our problem is that most people think that all you have to do to
increase governement revenue is increase the income tax rate. This is
true for people is the lower tax rates, but not true for people in
higher tax rate. That is because as income tax rate grow, it effect
how people generate income. The higher the income tax rate, the more
adventagest for people to do things to avoid being taxed on their
income. This reduces the amount of money the government take in. To
make things worst, this effect gets exponentually bigger ( more lost
revenue) as the taxs rates grow higher.

Now at some point, the lost in revenue outstrips the increases revenue
from the higher tax rate, increasing tax rate above that point results
in the government losing money.

Now some people claim that all the government has to do is pulg up
'tax loop holes' to 'fix' the problem, This does not realy work, since
there is two loopholes that can not be filled. One people can deal
taking their profits and let their current investment grow (very bad
for the economy) and secong they can invest their mont were the
government can't get it.

In article ,
"Glenn Dowdy" wrote:

"Ed Rasimus" wrote in message
...


Carter cut programs in the military aggressively, froze promotions and
military pay/allowances for three of his four years, gave us 22%
inflation and an 18% prime interest rate,

How did a president 'give' us those rates?

Glenn D.

A fair objection. The rates were set by Paul Volker in a system designed
to shield the setting of interest rates from immediate political
control. Yet Volker was nominated my Carter, so there is some
connection. The concurrent high inflation and high unemployment rates of
the '70s does not fit well with standard economic theories, even after
all these years I have not seen a good academic explanation. I think
this is part of the reason that people don't take economics seriously
anymore.

The real problem with Carter was that he was a white Southerner who
supported segregation during the Civil Rights movement and tried to make
up for it later on by (deleted) any non-white person who came along.