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  1. Oct 26, 2008 #1
    Democrats Propose Eliminating Tax Deduction for 401(k)s: http://www.workforce.com/section/00/article/25/83/58.php

    Democrats Propose 25% Cut in Defense Spending: http://www.southcoasttoday.com/apps/pbcs.dll/article?AID=/20081024/NEWS/810240332/-1/NEWS10

    Throw in universal healthcare, a second stimulus package, higher taxes, and if John Kerry has his way another version of the "New Deal," and this economy is going to tank like a lead brick.
     
  2. jcsd
  3. Oct 26, 2008 #2

    Ivan Seeking

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    Just in case you hadn't noticed, the Republican policies have already destroyed not only our economy, but also the world economy. By saying "going to tank", you demonstrate that you have no knowledge of the mess that we're already in. One expert - Taleb - even stated that this may be the worst crisis since, not just the great depression, but since the Revolutionary war.
    https://www.physicsforums.com/showthread.php?t=266155
     
  4. Oct 26, 2008 #3

    russ_watters

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    I missed that thread - that's hilarious, Ivan, thanks.

    Yes, btw, I'm sleeping fine.
     
  5. Oct 26, 2008 #4

    Ivan Seeking

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    I'm glad to know that engineers get such rigorous training in not only economics, but also humility.

    What is it that you do for a living again?
     
    Last edited: Oct 26, 2008
  6. Oct 26, 2008 #5
    That's just silly. Can we please cut out the hyperbole?
     
  7. Oct 26, 2008 #6
    A majority of historians, political scientists, and even economists say the new deal was a complete success, why shouldn't another one be implemented?

    You look at the numbers and Hoover was sitting there twidling his thumbs or passing legislation that further exacerbated the problem. Calvin Coolidge's market fundamentalism and economic programs are also cited as some of the causes of the depression and he's generally rated as one of the worst Presidents in history. Roosevelt was able to turn around a sliding economy and reverse unemployment - if you count state jobs he also brought down unemployment by a tremendous amount.

    What Libertarians do is they either make up numbers, or they attribute turn arounds and failures to factors that had almost no significance. This is known as "historical revisionism" and why people with Laissez-Faire ideology are so few and far between in the actual social sciences. Even a majority of economists describe themselves as "progressive."
     
    Last edited: Oct 26, 2008
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