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Goldman Sachs recommends tax cuts to stimulate economy
CNBC ^
| 8-5-02
| Goldman Sachs
Posted on 08/05/2002 8:16:39 AM PDT by Matchett-PI
Goldman Sachs just finished their meeting and recommended that the Bush tax cuts over the next few years be brought forward now in order to stimulate the economy.
They also recommended that the Fed lower interest rates by 50 basis points.
TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: economy; stockmarket; taxes
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To: Matchett-PI
Is this why Algore said that the Bush economic team be disbanded and he should start from scratch? /sarcasm
Government cannot create wealth, it can only spend it.
2
posted on
08/05/2002 8:19:32 AM PDT
by
rudypoot
To: Matchett-PI
TAX CUT BUMP.
I loathe all these RATS who keep saying we should raise taxes to pay for their expensive programs. The best part about tax cuts is they keep $$ out of the government's hands. Tax revenue is the ammunition for the Democratic spending war on America.
3
posted on
08/05/2002 8:21:51 AM PDT
by
finnman69
To: Matchett-PI
Now we are talking!!!! We had a tax free weekend this past weekend in NC. The malls looked like Christmas!!!!
PEOPLE WANT TAXES LOWERED NOW!!!!!!!!!!!
To: Matchett-PI
Has Corzine weighed in on this yet? ;-)
To: Freedom'sWorthIt
No, actually people want Saches lowered now.
6
posted on
08/05/2002 8:24:09 AM PDT
by
kinghorse
To: Matchett-PI
It's about time somebody started using their brains! Reaction will be interesting and hopefully positive.
7
posted on
08/05/2002 8:24:41 AM PDT
by
TatieBug
To: rudypoot
In the spirit of the moronic Democrats in Congress, I must say, "But we can't afford tax cuts. How will we pay for them?" Blah blah blah.
To: Matchett-PI
Of course we need tax cuts and interest rate cuts.
9
posted on
08/05/2002 8:25:02 AM PDT
by
1Old Pro
To: kinghorse
Explain or was that a joke?
To: Matchett-PI
Goldman Sachs!!??
Isn't this the same company Rubin and Corzine used to work run?
Things must really be bad. They sound like they are approaching Full Panic Mode!
11
posted on
08/05/2002 8:28:26 AM PDT
by
Gritty
To: Matchett-PI
BUMP
12
posted on
08/05/2002 8:28:28 AM PDT
by
TLBSHOW
To: Matchett-PI
we need a large income tax cut, we need to get rid of capital gains taxes; We need a reagan type review of regulatory burdens on the american economy. Bush' attitude seems to be 'let them eat cake' towards the portions of our population who are not making it economically.
To: Matchett-PI
bttt
14
posted on
08/05/2002 8:29:43 AM PDT
by
lodwick
To: Matchett-PI
I recommend that income taxes be abolished, and that the Fed rate be dropped 100 basis points.
To: Gritty
Full Panic Mode bump.
16
posted on
08/05/2002 8:33:09 AM PDT
by
dtel
To: Matchett-PI
What Bush will actually do is squat. His tax cuts
to date are so pushed out, they've been part of the
problem. Meanwhile he's signed budget busting spending
bill after spending bill, imposed horrific steel
tariffs, screwed up air transport without providing
any increase in security, put Saddam on notice
that he should ready and deploy
his WMD's and given him 10 months
and counting to do so.
If Bush ultimately presides over the
biggest Bear market since Herbert Hoover,
he will deserve the blame he gets, and we won't see
another republican president in my lifetime.
To: Matchett-PI
Bump.
18
posted on
08/05/2002 8:38:50 AM PDT
by
aculeus
To: Matchett-PI
Great Post. Corzine's sugar daddy just weighs in and hammers the RAT philosophy. Wonder if any newsie will ask Hillary how fiscally responsible she thinks Goldman Sachs is.
Wonder if Timmy Rusted will ask all his RAT buddies on MTP if targeted tax cuts for the middle class is what Goldman Sachs had in mind? Lowering the FED 50 basis points.
Only the rich borrow money right?
To: Linda Liberty
I love your optimism.
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