[sailaway21]

Rick's tax plan, raising taxes on anyone making over $250,000, has one flaw in it. If you raise those people's taxes to say a confiscatory level of 100% you have revenue amounting to that necessary to run the federal government for approximately two weeks.

Rick also seems to have forgotten, or never known, that during the Kennedy, Reagan, and GW Bush administrations where tax cuts were made, tax receipts went up. Taxes on the rich were cut and government revenue went up; how could the deficit grow? Government spending went up faster than the increased revenues collected.

Alan Greenspan is not a staunch Republican, he is, if anything, a liberal Republican.

Another week gone by and we're closer to my prediction of a 15,000 market than we are to Rick's calamity's. Rick's voluminous memory apparently does not include recollection of the 1980's luxury tax that put numerous boat builders and small plane manufacturers out of business. They must have been "the rich". Of course, they kept their money being more fortunate than their employees who suddenly found there was no need for shipwirghts.

Rick's grasp of economics can only be considered floridian in quantity. Similar theories, of Canadian origin, can be observed in Michigan's governor. As a former Canadian it is unclear the extent to which she has been exposed to Florida groundwater, but she surely has a strain of the virus. With unemployment running the last three years at upwards of 7% in the state of Michigan, the governess desires to raise taxes. The second largest auto manufacturer in the world's employees went on strike today, further clouding the picture for recovery in '08. Not since FDR has anyone thought the solution to recession involved getting more money into government hands. Well, anyone but Jenny Granholm and Rick.