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To: CyberCowboy777
Bull, you are again ignoring the details... I have never said cutting tax rates doesn't create stimulous, I stated one time checks don't... DETAILS are important, and you keep ignoring them.

Cutting rates, increases disposable income, not one time checks... one time checks don't do squat to stimulate growth! No company is going to hire more workers, invest in new infrastructure or inventory production for a temporary bounce, it just doesn't work that way. If you believe it does, then you have never sat in meetings where these types of decisions are made.

Growth comes through increased and sustained disposable income, not just a one time increase. This is why rate cuts do stimulate expansions, but one time checks don't. Corporate spending needs to expand, and its not going to expand for $300 checks.. they don't hire workers, or sales force, etc for temp bounces.

One time checks, do not salve they may temporarily halt reductions, but they don't HEAL the problems.

As to "defending Buffet for Arnold" that is hardly my reasons for what I have said, but if that makes you sleep better at night, then believe it. I don't think Buffet is unqualified for the position he's been tapped for, I don't see any evidence from you or anyone else, that is sustainable and shows he is. I do think Ahnold is the R's parties only chance of winning this recall, at least with any sort of mandate that will keep the cali legislature from simply stonewalling, for many reasons I have stated here as well.. but that's hardly why I challenge your bashing of Buffet.

Personally I don't live in California any longer, thank goodness, and as I have stated on this site MANY times over, I don't think the recall is a good thing at its very essense for Republican democracy, or long term for California, for a multitude of reasons. So if California Republicans want to shoot themselves in the feet again, or elect Arnold, or elect a Democrat or heck even decide to keep Davis, that's really their call.

However when someone bashes what economically can be classified as nothing less than an A player as a poor choice to handle the money, that's definately spin that just don't fly.

290 posted on 08/17/2003 2:50:44 PM PDT by HamiltonJay
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To: HamiltonJay
Oh and just for the record:

The NET worth gain in 2002 for Buffet's company was 6.1 BILLION, an 10% increase over the year before.

Since the current management took over 38 years ago, the per-share book value has gone from $19 to $41,727 or a rate of 22.2% compounded annually. So, you wan't to really argue that Buffet doesn't understand or know economic issues, or can't handle money?

Show me any other company that can make that claim.

Seems to me, a state that is what now about $40 Billion in the hole, has a whole lot to gain from someone like Buffet looking at the numbers.

But if you think he's just some liberal who will bankrupt the state and has no business near the books... well, then whats a little think like track record matter.
291 posted on 08/17/2003 3:01:02 PM PDT by HamiltonJay
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To: HamiltonJay
Talk about details?

The $400.00 tax rebates are a sustained tax cut. The Child Tax credit has been raised - each year each family will save another $400.00 a child. That is a Tax CUT, not a one time check. You use to take $600.00 per child and now you take $1000.00 per child, a cut in your taxable income. A tax cut.

On top of that we have rate cuts. Each tax paying American is paying less in federal taxes this year than last, and more cut will come.

You focusing on the one time $300.00 dollar check while I have spoken about the one time checks, the Child Tax credit and the rate cuts as a package in conjunction with other policies.

Your ignoring the facts to defend Buffets anti-tax cuts remarks.
292 posted on 08/18/2003 12:13:39 AM PDT by CyberCowboy777 (They promise to be good masters, but they mean to be masters.)
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