Taxes, Spending and the Next President

Complete video at: http://fora.tv/2008/02/08/Economy_According_to_Taylor_and_Judd

Economists and Hoover Institution Senior Fellows Kenneth Judd and John Taylor evaluate government spending under President Bush, and discuss whether or not the next President should repeal the Bush tax cuts.

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Are we, in fact, in a recession? If not, is one still headed our way? Economists John Taylor and Kenn Judd discuss not only the state of the current economic slowdown, but how the definition of recession is evolving. "Mild" recessions have supplanted what were several decades ago long and painful periods of negative economic growth - Hoover Institution

Kenneth L. Judd is the Paul H. Bauer Senior Fellow at the Hoover Institution. He is an expert in the economics of taxation, imperfect competition, and mathematical economics.

His current research focuses on tax policy and antitrust issues, as well as developing computational methods for economic modeling.

John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution. He formerly served as the director of the Stanford Institute for Economic Policy Research, where he is now a senior fellow, and he was founding director of Stanford's Introductory Economics Center.


Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits Hoover's quarterly journal, the Hoover Digest, and hosts Hoover's television program, Uncommon Knowledge.

Category:

News & Politics

Tags:

• bush
• taxes
• taxation
• tax
• cuts
• big
• small
• government
• economist
• friedman
• federal
• income
• mccain
• obama
• clinton
• ron
• paul
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[Rickdeckard2020]

Reagan cut taxes with his trikle down theory and people drank the Kool Aid, result: Recession.

Imo, they're framing the question to keep your eyes off whats important: Quality of life for most people, which is camouflaged by misleading economic statistics and rethoric about taxes

[neotoy]

The Bush tax cuts only benefit the rich. Pretty much everything Bush advocated since he took office should be revoked since it has a negative impact on the economy. Second, spending needs to be cut, it's not optional, the US is currently facing bankruptcy.

[roadkill1001]

what the fuck... a 5minute advert?! youtube is just now getting stupid

[PoliticalSilence]

These guys are jokes!

[debtlifer]

The baby boomers are voter-active. It will be difficult to ignore their demands. And they will have many. The squeaky wheel gets the oil.

It is interesting that they have not discussed SAVING. This is because most of Americans cannot save anything whatsoever.

Thare ain't no decent jobs now for a tax base, bro. Get out and look.

America have BAILED out banks and fat cat CEO's , and can print on demand. So how can any American government ever say "We don't have the money"?

[t0nt01982]

Cut taxes, reduce spending, and eliminate unconstitutional programs. Lower taxes means more money for the consumer. and the economy is roughly 70 percent consumer based.

[ofInterestNZ]

That is happening all over again the pain will eventually be shared by us all in the form of higher inflation.

We're already seeing it with higher oil prices and higher food prices. Inflation is a monetary phenomenon. It gets worse when central banks throw money into the fire. It simply stokes the flames.