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#1
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Yup, Capitalisim Sucks
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An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. |
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#2
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You know they (current admin) will somehow claim they were the reason for the recovery...
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2001 X5 3.0i (PP/WP/AP) Traded at 213K miles RARE White on Black - Why does everyone get Tan?? First E53 with 215s on XOutpost!! |
#3
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So it's OK for the current administration to get blamed for the bad economy (they inherited) yet they can't get kudos for the recovery.....
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'06 X5 4.4i w/Sterling Gray/Black Dakota Leather, Premium, Sports, Cold Weather, Rear Climate, Heated Steering, Nav, CD Changer w/MP3, Escort Passport 9500ix, BMW Valve Stem Covers, Aluminum Running Boards w/Flared Wheel Arches, AUX Input, Hood Protector, Titanium Grill/Hood Vents & Titanium Rings on Inst. Cluster, Decorative Front Skid Plate, AC Schnitzer pedals/shift knob, Rear Bumper Protector, Chrome Exhaust Tips, '20 Vredestein Ultrac Tires on Style 214's "BMW El Placer de Conducir"
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#4
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Let's not start crediting the stimulus package
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Why does it appear France is bouncing back more quickly from the recession than the United States? France has long been known for having an economy that suffered from too much government interference, too-high taxes and destructive union activity. Yet it grew 1.4 percent in the second quarter of 2009, while the U.S. economy continued to decline. The United States and Britain have had the largest "stimulus" programs of the major economies (as measured by increases in government spending and deficits relative to gross domestic product) and yet they are not moving toward recovery as rapidly as most other countries that had far smaller stimulus programs or none. Many, including yours truly, have argued that the big increases in government spending were more likely to cause, rather than cure, problems, just as such policies led to a much longer period of decline during the Great Depression of the 1930s. Despite doing better than the United States and the United Kingdom at the moment, France is still far from being a poster child for good economic policy. Its economic growth rate has lagged behind those of the United States, the United Kingdom, Ireland and many other European countries for most of the past three decades, largely because it did not make the economic reforms the others did. There seems, however, to be a growing awareness among the French that they can do better. In recent years, a number of pro-free-market think tanks and taxpayer associations have been formed in France, and their effectiveness and impact clearly are increasing. These groups include Institut Economique Molinari, the Institute for Economic Studies-Europe, Institut de Formation Politique, Contribuables Associes (French Taxpayers Association), etc. In part because of their efforts, France has sharply reduced its corporate income-tax rate so it is lower than the U.S. rate. France also has been reducing its individual tax rates so that many Frenchmen now pay a lower maximum tax rate than do the taxpayers of New York, California and many other states. If the tax-rate increases proposed by the Obama administration and the Democratic Congress are passed into law, all upper-income Americans will be paying higher personal tax rates than the wealthy in France. The economic reforms in France have not been sufficient to keep large numbers of wealthy French from moving much of their savings and investment to other countries. Rather than make their tax laws sufficiently competitive to keep their capital at home, the French have been on a crusade to force other countries to raise their tax rates and engage in widespread tax information sharing. These bad habits have been picked up by many in the U.S. Congress as it pushes for legislation to discourage the free movement of capital along with the destruction of financial privacy. The result will be slower economic growth throughout the world, less job creation and more economic misery. Next door to France is a neighbor that does a far better job in managing its economy — Switzerland. Even though, unlike France, it has few natural resources, Switzerland has maintained a sound currency for decades, along with relatively low tax rates and government spending, yet has managed to deliver a far higher quality of government services than the French and much higher real incomes for its citizens. Rather than emulate the Swiss, many in France try to pressure the Swiss to engage in counterproductive economic and banking policies. This past week, the French think tank the Institute for Economic Studies-Europe hosted the sixth annual European Resource Bank meeting in Marseille, which brought together two dozen free-market organizations from European countries for a discussion of how they can make all of their institutions more effective and influential. Speakers included a number of leading European and American economists and think-tank leaders as well as Vaclav Klaus, president of the Czech Republic, who is also a noted economist. The current French economic model continues to be far less attractive than economic models in Asia, other European Union states and Switzerland. However, there is good reason to believe that in future years, the French will modify their model so it becomes more, rather than less, attractive. This article appeared in the Washington Times on August 26, 2009. |
#5
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So this assumption is based on a econ comparison between the success of Switzerland, a country with only ~8M in population and France, yet this is somehow suppose to reflect what we can expect in the USA........nice
__________________
'06 X5 4.4i w/Sterling Gray/Black Dakota Leather, Premium, Sports, Cold Weather, Rear Climate, Heated Steering, Nav, CD Changer w/MP3, Escort Passport 9500ix, BMW Valve Stem Covers, Aluminum Running Boards w/Flared Wheel Arches, AUX Input, Hood Protector, Titanium Grill/Hood Vents & Titanium Rings on Inst. Cluster, Decorative Front Skid Plate, AC Schnitzer pedals/shift knob, Rear Bumper Protector, Chrome Exhaust Tips, '20 Vredestein Ultrac Tires on Style 214's "BMW El Placer de Conducir"
Last edited by chile1; 08-28-2009 at 11:21 AM. |
#6
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The larger point was that the US and UK (with big simulus packages) are recovering much more slowly than countries that showed restraint.
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#7
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And these great economic powers that showed restraint which are now recovening quicker are.......
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'06 X5 4.4i w/Sterling Gray/Black Dakota Leather, Premium, Sports, Cold Weather, Rear Climate, Heated Steering, Nav, CD Changer w/MP3, Escort Passport 9500ix, BMW Valve Stem Covers, Aluminum Running Boards w/Flared Wheel Arches, AUX Input, Hood Protector, Titanium Grill/Hood Vents & Titanium Rings on Inst. Cluster, Decorative Front Skid Plate, AC Schnitzer pedals/shift knob, Rear Bumper Protector, Chrome Exhaust Tips, '20 Vredestein Ultrac Tires on Style 214's "BMW El Placer de Conducir"
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#8
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Did you read the article? Nothing Obama has done has taken effect, free-markets cure themselves..that is why they work
__________________
An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. |
#9
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right...because capitalism f**ks and cures itself every once in a while...
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01 4.4 P5 card hacked 'our curr€ncy, your problem' Bavarian Motor Wrong : |
#10
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obviously you never studied economics or you'd know it ALWAYS cures itself.
__________________
An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. |
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