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Old 08-27-2008, 11:15 PM   #31
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Old 08-28-2008, 01:36 AM   #32
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Warren Buffet has said hiking it to even 28% wouldn't affect investment decisions significantly. 20% ain't jack.
well it wouldn't affect him and the other 5% super rich.... the others on the other hand...
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Old 08-28-2008, 03:28 AM   #33
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well it wouldn't affect him and the other 5% super rich.... the others on the other hand...
he didn't say anything about affecting ANYBODY he said it wouldn't affect the way INVESTMENT DECISIONS are made.
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Old 08-28-2008, 03:55 AM   #34
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That certainly is the popular thinking in some circles. I don't share it.

If you heard Reagan's proposals in 1980, not what Congress proceeded to do to them and Reagan's acquiescence, he started down the correct road but didn't toe the line, allowing the whims of popularity to maintain domestic programs. He wanted to grow the military and was unwilling to shrink things domestically.

Clinton shrunk the growth of the military was how he "became fiscally conservative." He certainly didn't shrink domestic programs or tax rates.
Reagan wanted to cut taxes, rebuild the military, and cut the size and scope of government. With a democratic congress he accomplished the first two, and much to his chagrin was less successful with the third. I think he tried, but was only able to get so much done with the democrats. However, if you listen to liberals during the 80's, Reagan slashed and burned government programs. Probably fair to say he slowed the rate of growth.

It's too bad Regan didn't have a GOP congress, unlike Bush who totally blew it.
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Old 08-28-2008, 04:36 AM   #35
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Reagan wanted to cut taxes, rebuild the military, and cut the size and scope of government. With a democratic congress he accomplished the first two, and much to his chagrin was less successful with the third. I think he tried, but was only able to get so much done with the democrats. However, if you listen to liberals during the 80's, Reagan slashed and burned government programs. Probably fair to say he slowed the rate of growth.

It's too bad Regan didn't have a GOP congress, unlike Bush who totally blew it.
You are correct.

Reagan did what he could with what he had to work. Had he been able to have even two years with a Republican congress, he could have done some great things.

Imagine if Gingrich had been Speaker during Reagan's presidency.
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