papau
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Thu Oct-28-04 12:56 PM
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If each dollar per barrel oil cost = 70 B over 10 yrs,, Tax decrease will |
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be actually less of a stimulus in the future than the oil increase will be a drag in the future.
Clinton Gore 28 dollar oil is now 51 to 52 dollar oil, or a 1.7 Trillion hit to the economy over 10 years (everything Bush does is given in 10 years numbers these days).
So the tax cut to rich folks - who consume less of their income than average, is offset by a oil increase to average person, who are the heart of the consumption number. So consumption is weak.
And the Bush response is exactly what again?
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phantom power
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Thu Oct-28-04 02:43 PM
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1. The administration's most recent rebuttal was.... |
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