[John D Harris]

Intresting TL,
But 1st off a tax cut DOES NOT cost any government money because its not the goverments money to begin with. The USA goverment does not come down to Northport, Alabama and pull a squeege for 8 hours then hand me the money. I pull the squeege or my employees pull the squeege and they get paid for what they do.
This how the economy works:
People exchange Y number of hours of their life for X number Dollars.
Then the people exchange X number of dollars for products and services they need want or desire. the people selling the products and services say their product or service is worth so much, the consumer either buys or not. If they people get X+ dollars then they can exchange that for more products and services. Now there are a couple of real life smaller factors:
1)Fiscal disipline- not spending more then you can pay for!
2)Psycological (SP?)- If people feel they have the money they'll spend themselves into greater and greater debt. Does anybody remember what the great economic wizard Mr. Greenspan was saying in the middle-late 90's about a stock market bubble? People thunked they had more money then they had, once a month they got a statement form thier stock broker that said they had XX dollars in their stock portfolio so they thunked they had money. Well, here is the cold hard fact, ALL they had was a piece of paper that said IF they sold all of their stocks on the day the paper was processed they would get XX dollars for their stocks. They never had the money. That is why with the US economy GROWING at about 2-3%, people are whinning about the economy being bad. "Hale" I don't know about them but, where I come from growth is growth!

A couple of days after the great stock market crash of '87 Sam Walton, then the worlds richest man, was interviewed by one of the talking heads. Sam Walton was asked how he felt to have lost several billion dallors in a couple hours. Sam's reply "It was all on paper I never had it to begin with" as he got into his 1970 something pick-up truck then drove to work! Old Sam had it right He never had the money he had pieces of paper telling him he was worth this much money and that was ALL.

As for the captilist vs. socialist agruement nothing personal but HA HA HA HA
The example you sited was of one small incident. How does the estemed Economist(got a bunch of letter behind his name and spent a "poop load" of money to get those letters) explain the fact that this capitalist market has produced more advances in every field then all the other systems. The USA capitalists have created more, invented more, and produced more! "Hale" our much meligned health care is the finest in the world! Bar None!! If any doubts me then please explain why world rulers, and those that can afford to go ANYWHERE in the world come to the little ole US of A. Why aren't they going to England, Canada, or Frane? More advances in health care have come out of this country then anywhere else in the world. The USA has the largest most powerful economy in the world no one even comes close! We even have States that economies are greater then the VAST majority of countries in the rest of the world. Just some facts to thunk about.