Wednesday, December 10, 2008

Ross Perot

Up close and personal, answering questions about third party politics and deficit spending! Calm down, I know you're excited....

2 comments:

Anonymous said...

I think Ross Perot has some good points and interesting things to say. I agree that the US really only wants 2 parties (Dems and Repubs), it would be too hard and too much trouble for a 3 party to win elections. He raises a good point about the difference WW2 and the current war. I think it's a good idea to loan the American car companies that are failing, too many jos would be lost if we don't loan them the money.

Anonymous said...

Ross Perot said, "We ascribe to the theory that tax cuts boost the economy — and therefore increase total tax receipts — no matter which portion of the tax-paying public receives the tax cuts." I found this interesting. I have heard the theory that tax cuts help the economy, but I didn't realize that it didn't matter which group of people received the tax cuts. Because of this theory, Perot says that Obama will probably postpone his proposed tax increases. I wonder if this will upset a lot of people, seeing as to how it was a big issue in Obama's campaign and one of the things he promised. Also, if not many people know about the theory that tax breaks help the economy help, I think people of the lower class will get upset if people who are richer begin to get tax breaks.

Perot also said, "I do believe, however, that we could be our own worst threat to our sovereignty if the United States is forced to keep borrowing huge amounts from foreign countries." I completely agree with this statement. He talks about how, "Nearly half of our public debt is now held by foreign individuals, foreign corporations, and foreign central banks." I don't think the US should have put so much of its money into the hands of foreign nations like it has. I think this has made it harder to keep track and deal with what was our money. I think the continuation of this will only further hinder our economic situation than help.

Gallup Daily