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Bravo Walter E. Williams!

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How sad! Bill's understanding of economics is not an understanding at all. It is merely a liberal paen to class envy. The engine of socialism, class envy is an essential part of the liberal mentality. Of course money that the government confiscates cannot benefit the economy. The "stimulus package" is a chimera designed to placate the people who don't pay taxes, mollify them, and maintain the lock on their votes that has been in the liberal lockbox for 40 years. Additionally, besides keeping the surfs tied to the liberal feif, it will buy new votes (live ones this time instead of the dead ones provided by ACORN). As for spending cuts, the only ones that the liberal government accepts are cuts of the military, and that money will be used as pork to buy new votes. One wonders what these self-aggrandizing criminals will do when everybody is on the plantation and the plantation can no longer feed and clothe them. I don't know what kind of an education Bill has, but I do know that the only way to get our economy out of the miasma of liberal swampwater it is in now is to CUT TAX RATES and CUT GOVERNMENT SPENDING. If Bill cannot see this, he is one of Saint Paul's " those who will not see". Oh, and by the way, Bush spent on our defense, not on a charity program to the 30 to 35 percent of Americans who pay NO FEDERAL INCOME TAX. His spending was not designed to BUY VOTES as is the spending of the congress.

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Can't Bill Gates afford to Spread the Wealth ...to MicroSoft 5000 pink slips? Even as the Gates Foundation increases giving to $3.8 billion Gar and Lew have some suggestions Gar Alperovitz and Lew Daly, Unjust Deserts: How the Rich Are Taking Our Common Inheritance and Why We Should Take It Back. The New Press, 220 pp.. Where does wealth come from? Back in the 19th century, the classical economists thought they knew. Land, labor, and capital, they told us, drive wealth creation. They don't, not really. We actually owe our wealth, Gar Alperovitz and Lew Daly explain in this deliciously subversive new book, to what we know. Unjust_Deserts And we owe what we know, the two quickly add, "not to our own efforts or genius, but to the efforts and knowledge accumulation of those who came before us." In today's deeply unequal United States, this simple observation may well rate as our society's most "inconvenient truth." We have built our entire social order on the exact reverse of what Alperovitz, a political economist at the University of Maryland, and Daly, a fellow at the Demos think tank, have to tell us. Brilliantly smart people who work hard, we assume, create wealth. These brilliant people, consequently, deserve a major share of the wealth they create. But "all current economic production," Alperovitz and Daly help us see, rests — overwhelmingly — "on a long, long prior history of socially created science, technology, and other knowledge." Excerpt from Why Have-It-Alls Don't Know It All By Sam Pizzigati [Too Much, the weekly online newsletter -NOV 2008 review.] Please contact Connie Perry connie@monteiroandco.com Or Celeste Balducci celeste@monteiroandco.com Monteiro & Company, Inc. 212-832-8183

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Dear Sir: Why does your example of GDP and Gov't spending have to distort the truth of the matter. In particular, you say that when the Gov't spends this money, they are taking money out of the hands of those who "earn" it. I'm am sorry sir, but this is a total distortion of what is going on. I think the real reason you try to decieve people with the bankrupt policies of supply side economics is that people no longer think much. If they did think, they would see right through the BS that you seem to be so good at providing. I feel sorry for the students of yours as they are obviously not getting a very good education in econonics. Maybe as an exercise you should list the national debt at the end of each presidency since Carter. I don't think you will be suprised that the tax cuts of Reagan and Bush II have been borrowed against future earnings of all of us. Also, this borrowed money has not been paid back (although Clinton had a chance when he had a surplus). I hope you realize that the yearly deficit spending of the Gov't is in iteslf a stimulus to the economy. The true beneficiaries of the tax cuts have been the wealthiest amoung us, not really the poor or middle class. How many opinion columns did you write regarding that Bush II nearly doubled the debt and your horror about that? Bush II didn't get conservative fiscal ideals until the Democats took control of the Congress. magicly, he got the religion of conservative economics and vetoed spending bills as being too large. You do the American people a dis-service when you write the simplistic examples that you have used to convince the feeble minded that you and your econmic policy ideas have any merit. Maybe if you were more truthful regarding what is going on, we would be truely educated. I could go on about many of the things you hold dear and show, I think, that most of what you preach is crap!