Wednesday, January 23, 2008

Krugman on Reagan and Obama and Democrats

Paul Krugman at the NYTimes writes on the importance of political narrative and why it is important for the Democrats to say over and over that Reagonmics failed and is failing again. Reagonomics: lets stimulate the economy by giving massive tax cuts to the rich. Here's another editorial, also from the NYTimes, that suggests that we spur our floundering economy right now by repealing the Bush tax cuts two years early - in effect pushing the very rich on a spending spree because of the extra cash they would have by taking advantage of the soon to disappear lower capital gains tax. I have also heard of the suggested tax rebate of $800 for individuals, $1600 for couples; I like that though don't know what we would spend it on - ah, just thought of something - make a down payment on one of those properties that have been foreclosed with the predator mortgaging. Let me see now, where would be a good place - maybe out in the Seattle area, a little closer to Danielle and her girls. Here are two suggestions for you if you are going to be traveling back in time: buy Google stock and also gold - I remember when gold was going for around $400 an ounce; now it's over $800. Buy lots. Retire early. And go golf, of course.

Oh oh, somebody up on my right shoulder just reminded me that money is the source of all evil...

And one other thing: wouldn't want to be filthy rich and hating the idea of the Democrats and especially Hillary running the country for the next however many years. That would be pure misery.

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