Professional Documents
Culture Documents
Purdue Review
“Quidquid latine
dictum sit, altum
viditur.”
Vol. 6 - Issue 4 A journal of conservative thought and opinion | www.purduereview.com February, 2009
A Stimulating
Commentary
So It’s to be
Torture?
By Scott Sowers
editor@purduereview.com
SCOTT SOWERS
Editor in Chief Greetings,
DIRK SCHMIDT Thank you for picking up our first issue of the new semester! Our paper was founded in January 2006
Publisher with a vision of providing a distinct conservative voice to the Purdue campus and the Greater Lafayette
JAY WOOD community. It’s a legacy we’re very proud to continue to this day. The Purdue Review is not a newspaper,
Managing Editor rather our analysis of the events that are shaping our lives - from Capitol Hill to Slayter Hill. As our paper
enters its fourth year of publication, we have high hopes of a bright future. We have a great staff committed
DAVE SIUKOLA to excellence.
Layout Editor
AARON ANSPAUGH Unfortunately, things aren’t as bright outside of our meeting room. Our nation is going through a time of
Features Editor great transition and uncertainty. The executive and legislative branches are in the hands of the far left. We’re
all looking for an effective solution to our economic downturn. Our thoughts and prayers go out to our
QUINN DAMERELL friends and loved ones who are struggling through this rough economic period.
Web Design
SEAN HARDING Morning will come again. We are a resilient crowd and we will stick together through the hard times. I have
Staff Writer full faith that our situation will improve, and we will reach a light at the end of this very dark tunnel. Then
and now, may our city on a hill forever shine, may our flag forever fly, and may freedom forever ring.
JORDAN HEBBE
Staff Writer God bless,
ABBIE KNIGGA
Copy Editor Jay A. Wood
Managing Editor
MATT LUNSFORD jay.wood@purduereview.com
PR Director
PAUL NANN
Staff Writer Publication Schedule:
SARAH PERKINS
Staff Writer
Feb. 11th Mar. 11th Apr. 15th
24...
FROM PAGE 1
stand the conditions into which our about the lack of terrorist attacks easy for everyone to criticize the
evidence, but then you have to look front-line soldiers and agents are since 9/11 and how they feel about President and those below him in
into who ordered this”. Clearly, this placed every day. It is very easy for the role that “torture” may have the chain of command for their de-
is not far off from what occurred in an elitist Senator or United Nations played, some Purdue students spoke cisions, but now the shoe is on the
24’s season opener. worker to accuse people of perform- their mind: other foot.
The show 24 has often dealt with ing or sanctioning torture, but they Katy Jester, a junior majoring With President Obama keeping
difficult political and moral issues. never see what good might have in classical studies said, “In war Robert Gates in the Cabinet and re-
Many of the conflicts in the show come from the actions in question. against terrorists, when people are cently softening his rhetoric on anti-
involve the question of whether the Clearly, there comes a point where going to get hurt, I like the utilitari- war stances, it appears that he has
ends justify the means in any given torture is extreme and immoral. But anism approach. I would rather one not yet departed from President
scenario. Jack Bauer has been placed in dealing with enemies who are person be tortured than 60 innocent Bush’s approach to fighting the War
in situations which most Americans not afraid to give their lives or their people die.” Other students view the on Terror. President Obama has had
will never experience and he always loved ones’ lives in order to kill in- situation from a different perspec- to and will continue to have to ask
made a decision based on his own nocent civilians, extreme measures tive. An anonymous junior majoring himself the age old question: “Do
judgment. As this season’s opener are sometimes the only solution. in C&IT said, “I don’t think [tor- the ends justify the means in this
demonstrated, that judgment, while For the most part, the U.S. gov- ture] is necessarily always wrong. situation?” The answer will not al-
it may have saved thousands of lives ernment allows agents in the field “ He clarified his statement by say- ways be the same, but it is some-
throughout the course of the show, to use reasonable means to obtain ing, “Unless there is an immediate thing that has to be decided on a
can still be punished if it does not information. Some of these tech- and already-realized threat… we case-by-case basis. The season 7
follow the letter of the law. Near the niques, such as water-boarding, shouldn’t resort to torture”. opener of 24 could be a good predic-
end of Jack Bauer’s grilling session were not considered torture until Will Obama ignore the previous tion of what the next several years
by the Senate, Jack made a refer- the Obama administration arrived. administration’s actions and simply will be like if Obama actually fol-
ence to how he felt in regards to his However, even with the strictest move on in his “new” direction? lows the advice of people such as
breaking the law while fulfilling his laws against torture, we will never Or will he actively investigate and the U.N. worker, Manfred Nowak.
mission. He said, “In answer to your know how many soldiers and agents prosecute anyone related to an al- However, if Obama does not cave to
question, ‘Am I above the law?’, did what they deemed necessary to leged torture? Perhaps a third option the extreme left’s calls for war
no, sir. I am more than willing to be save American lives over the course is most likely. President Bush was in crimes charges against the Bush ad-
judged by the people you claim to of this war, regardless of the per- the hot seat for only a few months ministration and if he allows those
represent. I will let them decide the sonal consequences they may have when 9/11 occurred. At that point, on the front-line of the War on Ter-
price I need to pay.” had to face. his entire mindset about foreign re- ror to use their judgment in saving
While a small faction in this Does this strategy work? In late lations was changed. He had access American lives, then maybe the en-
country may want the harshest pun- 2007, the Heritage Foundation re- to intelligence that few others did, tertaining fiction of 24 will remain
ishments for people who merely ported on 19 major terrorist attacks so his decisions were not based only merely fiction.
used their judgment in a difficult sit- that were thwarted since 9/11/2001. on what the popular opinion might
uation, most Americans can under- When asked about how they felt have been at the time. It was very
Junkie...
FROM PAGE 1
joint and wonder into the real world with only the bare minimum name to normal life than those who have
such a topic entertaining without a to make some new friends and maybe recognition. Anybody who’s anybody been living and breathing politics
looming national election which will get a date. Or share the wealth a little. knows who you are, but you can still since high school. There will be those
decide the fate of the universe. Some- There are many Junkies out there go to the grocery store without be- that will try to recruit you into doing
how, even John Stewart is less funny who are less politically fortunate and ing recognized, not that you would things in an off election year. Since
every night as he struggles to find a could use a good high. (Disclaimer: do that anyways, now that you have you don’t really care, just nod, smile,
way to be funny without criticizing the Purdue Review does not advocate “people”. and move along. There’s a crazy party
the President Obama. He seems to the use of illegal substances)
still be stuck talking about former
President Bush and Vice President Liberal Government-Type
Cheney. Stephen Colbert on the oth- The Campaign is over and now “The problem is you now need to be able to
er hand seems to have become fun- you’ve been ushered into power. The
nier, as he is fearless in attacking any problem is you now need to be able
politician, conservative, or hippie. to cash all those checks for hope and cash all those checks for hope and change
Because many of us have change you’ve been writing for the
no real life outside of the 24 hour
news-cycle, here is a practical guide
last two years. No worries though,
being in power is less about doing
you’ve been writing for the last two years.”
to surviving the next 10 months till anything real and more about making
the midterms start up in full force. everyone think you are doing some-
Having a discussion with people that thing. Besides, the burnout rate for happening down the street and I hear
doesn’t involve defending or attack- working in government in a political Liberal College Student Die-Hard jello and girls are involved.
ing Sarah Palin’s shoes many sound position is about two years. After that, All those points you made in your
difficult, but it is possible. Because you get a book deal, the title of ‘con- Political Science class finally paid Conservative College Student Die-
of the incredible diversity of the pop- tributor’ or ‘analyst’ on some news off. It feels good now that you can get Hards
ulation of Political Junkies, this guide channel, and all the commentary you into debates at a party after you’ve It may seem like the end of the
is organized by the various types of can peddle. Be sure not to waste your had a few drinks and not really worry world, but don’t worry about it. If
people who get sucked into the show time at the top, there’s always that about zinging the conservative guy you’re right, there’s not much you
that never ends. guy in high school that pushed you on the other side (not that he’d know can do about it and if you’re wrong,
around or that girl that rejected you. it anyways, he’s about to pass out there not much point in worrying
Die Hard Liberal Hippie: What’s the point of being in power if clinging his bottle of jack). Your guy about it. Avoid de-friending anyone
You’ve been reading Al Franken’s you can’t get a little payback? won and it doesn’t really matter what who you think voted for “change.”
books and can probably recite them the other people say because “yeah, You’ll eventually run into them at a
from memory; you know all about Democratic Political Operative but your guy lost” works at college party and get suckered into re-friend-
Halliburton and how Dick Cheney The sky is the limit. Unlike those parties. Just try not to rub it in too ing them again. Instead, worry about
eats kittens. Enjoy the victory of unfortunate bastards who have to go much. As much as everyone loves getting ahead in life and getting set
hope and change for as long as you work in the government, you are sat- that guy in class who knows exactly up for a good job. You have no desire
can and try to make some friends isfied with the ad-buys you cashed in the right thing to say to zing the con- to be a community organizer; you’re
while you are at it. The disappointing on and you can go right into writing servatives, you will probably find it hoping to actually make money. By
thing about being a liberal when the your books and spending your nights isn’t a particularly good way to get the time you graduate and get that
Democrats are in power is the same in posh bars around DC, LA, or wher- members of the opposite sex; or of corner office, the Republicans will be
thing that’s disappointing about being ever. You’ve probably got a few offers the same sex, if you’re into that kind back in power and your campaign do-
conservative when the Republicans to write or be on cable news opposite of thing. Be sure to develop topics of nation will get you a plumb appoint-
are in power: Parties never live up to Keith Olberman, but it’d probably be conversation beyond Cheney being a ment, or at very least, a front seat to
their hype, at least not for long. Also, best if you spent the next year just terrorist. It doesn’t make much sense see President Jindal speak.
there are fewer reasons to complain living life. You are the perfect kind of to blast the Republicans after they’ve
about the government. Put down that celebrity: all the influence and power been kicked out of power so thor- Republican Operatives
oughly. Kudos if you can talk about Ouch, that was a kick in the pants.
topics completely unrelated to poli- It might be time to get out of the big
“Run for the Hills! The Democrats are on their tics, you just might have a chance at show. You can handle defeat a little
a real life. better than all those young’ins who
are now vying for your job since
way to your house to take all your guns, your New Voters and Regular College you’ve been around the block a few
Students times. The good thing is you can now
Bible, and possibly turn your children gay with Get out while you can. You didn’t
care about politics before the last
bitch and moan about anything and
everything. You get to return to hav-
election cycle, but actually became ing an ideology free of the practical
an evil form of marmalade developed by Satan informed enough to know the differ- implications of governing and win-
ence between Joe the Plumber and Joe ning elections. You still know all of
Biden: they both are naturally bald, those well-furnished bars, so call up
himself!” but one had a jobs project to restore
his hairline. You’re far better adjusted See “Junkies...” - pg. 7
Page 6THE PURDUE REVIEW February, 2009 Page 7
Junkies...
FROM PAGE 6
some friends from the Reagan Revo- to take down to Hell for pow-wows
lution and reminisce about the good with you-know-who. Be comforted
‘ole times. Also, don’t worry too in the knowledge that you survived
much, this whole hope and change Bill Clinton and maybe even Carter.
stuff will blow over faster than Com- Nancy Pelosi certainly is scary, but
passionate Conservatism and then it you can only wear that much makeup
will be time for the Midterms. In the and have so many facelifts before
meantime, take a vacation to Tahiti; you get mistaken for a drag queen.
you don’t have to worry about gov- Besides, it’s probably the end of the
erning or gloating, just relax a little world anyways.
and get ready for the next big election All in all, it’s been a crazy run the
cycle. last few years. Politics is certainly the
show that never ends and it’s incred-
Gun-Totin’, God-Fearin’, Conser- ibly easy to get sucked in. So far you
vative Wack-jobs have no life outside the report given
Run for the Hills! The Democrats by the subcommittee on rules regard-
are on their way to your house to take ing proper ways to address the first
all your guns, your Bible, and pos- pet. Try to have some perspective and
sibly turn your children gay with an a life outside politics; there’s only so
evil form of marmalade developed much you can actually affect and Oh, what are you so happy about?
by Satan himself! Best to move up change. There are plenty of good
to Alaska where it’s too cold for Al things in life that don’t revolve around
Gore and his kind to survive. They the news ticker on Fox News, CNN,
talk about global warming a lot, but in or MSNBC. And please, for goodness
fact, they like it a little warmer, prob- sake, be able to laugh at yourself…at
ably because of all the trips they have least until the Midterms.
Star Parker
THE PURDUE REVIEW February, 2009 Page 8THE PU
Penny Compositions
1793–1857 - Copper
1857–1864 - 88% Copper, 12% nickel
1864–1942 - Bronze (95% copper, 5% tin and zinc)
1943 - Zinc-coated steel
1944–1946 - Brass (95% copper, 5% zinc)
1946–1962 - Bronze (95% copper, 5% tin and zinc)
1962–1982 - Brass (95% copper, 5% zinc)
1982– Present - 97.5% Zinc core, 2.5% copper plating
Penny Designs
Flying Eagle – ((1856–1858)
Indian Head – ((1859–1909)
Lincoln Wheat – ((1909–1958)
Lincoln Memorial – (1959–2008)
Lincoln Bicentennial (4 reverse designs) – (2009)
THE PURDUE REVIEW February, 2009 Page 10THE PU
Post-Partisanship: DOA
By Josh Teasdale never mentioned bipartisanship in Although a portion of the bill goes to pay his own taxes from 2000-
josht@purduereview.com the 2008 election, much less post- toward tax rebates, far too much 2001. The President’s nominee for
partisanship. If President Obama of it goes towards pet programs of Labor Secretary, Hilda Solis, is still
When running for President in truly wanted to avoid partisanship, the Democratic Party. The Presi- under consideration by the Senate.
2000, George Bush promised to be he should have taken the lead on this dent readily admits that the bill is No President can be blamed
a “uniter and not a divider.” Upon stimulus plan and insist it go though not perfect, but appears to be taking for all of the misfortunes which are
taking office at the start of 2001, he the regular committee system for little-to-no effort to clean it up. suffered while he is in office. How-
sought out Democrats to work on hearings and amendments. To ab- The new President’s troubles ever, the reaction of a President
issues in a bipartisan fashion. He dicate leadership to the Speaker of seem to go beyond the current to misfortunes is telling about the
worked with Ted Kennedy to pass the House on this major piece of stimulus package. At least four of man who currently resides at 1600
No Child Left Behind and support- legislation is to abandon any hope his nominees to major cabinet and Pennsylvania Avenue. Coming into
ed efforts to create more jobs, train of attracting bipartisan support for Whitehouse positions have tax prob- office, President Obama set out an
workers in new fields, established a the final bill. lems which are creating controver- ambiguous agenda for his first 100
national Do-Not-Call List, created a That is not to say the President sy. Nominees for Treasury, Labor, days in office. However, many of
Medicare prescription drug plan for his campaign promises revolved not
seniors, imposed new regulations on around solid policy, but tone and
corporate accounting, and a pushed manner. What he has failed to real-
to change campaign finance reform. ize is that without strong leadership
Many of these programs and pieces from the Oval Office, his Demo-
of legislation made conservatives crat counterparts in Congress will
cringe. President Bush, however, destroy any kind of bipartisanship
despite his bipartisanship on many just as quickly as any Republican.
domestic issues, became an increas- Although he presumably couldn’t
ingly divisive figure in our country. have foreseen all of his nominees’
Much of that had to do not with do- tax problems, he has far from taken
mestic issues, but the War on Terror a hard line against failure to pay
in Iraq and other national security taxes.
issues. It seems that President
Fast forward eight years: Presi- Obama is not going to get a honey-
dent Obama won the 2008 presi- moon period. This is partially due to
dential election in much the same the current economic crisis, but also
way George Bush won in 2000—by partially attributable to his (lack of)
criticizing past divisive partisanship leadership in drawing up the current
and promising to unite the country. recovery plan. Upon taking office in
Now, facing one of the worst eco- 2001, President Bush made a genu-
nomic crises in recent history, he has ine effort to bring Democrats on-
been pushing an economic stimulus board and listen to their ideas. After
plan to shock and awe the country eight years and numerous difficul-
out of its funk. With his first major ties, the Bush presidency ended up
piece of legislation during his term, being far from the unifying force
bipartisanship or post-partisanship many had hoped. Currently, Presi-
has evaporated. Instead of hearing dent Obama (by bowing to Demo-
all ideas about how to stimulate the Remember, they won and don’t need to listen to the American people for two years at least. cratic Congressional leadership) is
economy, he has allowed the Speaker wasting any chance he had at be-
of the House, Nancy Pelosi to write has been uninvolved; he has gone Health and Human Services, and coming the Anti-Bush (and we
the stimulus bill. The bill which to speak to the Republican Caucus a White House performance czar haven’t even gotten to FOCA, Card
passed in the House never saw the in the House, where he insisted he have, in some way, failed to prop- Check, and numerous other liberal
light of day in a committee hearing, wanted to hear Republican ideas, erly pay income taxes. Putting aside policies which the left is salivating
but was instead written and brought which he then routinely dismissed. the obvious irony of Democrats fail- over). It is hard to imagine how the
to the floor by Speaker Pelosi. More recently, he has been issuing ing to pay taxes, the President has tone of his Presidency will get any
Now, it is not surprising that a dire warnings of an economic col- refused to bar anyone from the ex- better in the next four years. In the
Speaker of the House would be in- lapse should this “stimulus” bill, ecutive branch who hasn’t followed end, President Obama seems likely
tensely partisan. Individuals who go which could more accurately be de- the tax code. Although Tom Daschle, to end up being just as divisive and
on to become Speaker win in a sin- scribed as a massive pork appropria- for Health and Human Services, and controversial as President Bush.
gle congressional district to become tions bill, fail it would lead to a new Nancy Killefer, for Chief Perfor- Many conservatives would call that
a member of Congress than must great depression. Despite the obvi- mance Officer, withdrew from con- poetic justice.
become party cheerleaders to win ous hopefulness of this pronounce- sideration, Tim Geithner will serve
the support of their party and the Of- ment, Republicans have continued as Secretary of the Department of
fice of the Speaker. Speaker Pelosi to be hesitant to support the bill. the Treasury even though he failed
Page 10THE PURDUE REVIEW February, 2009 Page 11
Stimulus...
FROM PAGE 1
The president was right of course. just that we haven’t tried it,” Hum- but which option will work the fast- rent stimulus bill is that much of the
Who wouldn’t want to give their mels stated. est and will have the greatest benefits spending is staggered over several
opinion on the stimulus package? Dr. Holland expressed a similar in the short and long run? “We’re all years and that the amount spent in the
Most agree that something needs concern, broaching the topic of long looking for some magical program to next year will probably be a “drop in
to be done, and done quickly. Most term costs versus short term benefits. prop demand back up,” Holland said. the bucket” relative to GDP. “If you
also agree that if Congress and the “I’ll be the first to be pessimistic In an attempt to find such a program, really believe in a fiscal stimulus,
President get it wrong, we could be about the potential benefits compared I discussed the pros and cons of both you need to front load it, you need
in for much worse times than we’re to the cost,” Holland stated, “As options with Hummels and Holland. to spend it now,” he said. But that
experiencing now. This is where any the economy starts to recover, what If directed properly, government front loaded spending can have con-
agreements about the stimulus pack- we’re left with is a staggering amount spending can provide immediate re- sequences down the road, as the CBO
age end. Should the bill include more of debt. This will push interest rates lief by propping up certain sectors has reported.
tax cuts or less? Will government up which will slow any potential we of the economy. If spending projects Holland noted, “We put ourselves
spending boost the economy more might have to grow. There’s always a provide some sort of long term social in this situation by spending beyond
than any other option? Should we be trade off.” benefit, such as improved roads and our means. So the trouble is, if we got
more concerned about the long term The Congressional Budget Of- bridges or public buildings which here by spending, will over-spending
or short term effect? Something will fice (CBO), the nonpartisan agency consume less energy, they could po- get us out of this?”
be stimulated when the government responsible for providing economic tentially pay for themselves. Dr. Hummels added, “If you buy
subsidizes contraceptives, but will it into the logic of Keynesian macro-
be the economy? economics, then the only one left
To get a better handle on these is- to spend any money is the federal
sues and to help frame my own argu- “We put ourselves in this situation by government. The downside of that
ment, I sat down with Purdue econom- is (over the long run) people have to
ics professors Dr. David Hummels, a
former economic adviser to candidate
spending beyond our means. So the trouble is, pay more taxes to pay back.”
The alternative to government
Obama, and Dr. Bob Holland, a fre- spending to stimulate the economy,
quent professor for the Principles of if we got here by spending, will over-spending then, is additional tax cuts.
Economics course. Tax cuts can have two effects ac-
I haven’t come across a person yet cording to Hummels: “The first ef-
whose initial reaction to the stimulus get us out of this?” fect is that it puts money in people’s
bill has been, “Hell yeah! I’m all for pockets that they will turn around and
it,” and Hummels and Holland were spend on stuff to stimulate recovery;
no different. Both expressed skepti- data to Congress, agrees. In a letter Extending unemployment benefits the second is that if you cut taxes
cism, though for slightly different to Senator Judd Gregg (R-NH) on would give money to people who in the appropriate way you change
reasons. Wednesday, the CBO stated that, al- would otherwise not be consuming incentives—you encourage people to
“I’ve got mixed feelings about it though the stimulus package would anything, which would boost aggre- work more.”
because this is one of those things stimulate growth and reduce unem- gate demand for certain products and Roughly one-third of the cur-
where we have very little empirical ployment in the short run, it would services and thus reduce unemploy- rent stimulus bill is in the form of
records in terms of what’s going to reduce growth in the long term be- ment. Hummels noted that Keynes- tax cuts. The biggest portion of this
work and what’s not,” Hummels told cause of the added debt. ian theory suggests that it doesn’t re- is a $500 tax cut for people with an-
me. He expressed this concern many The CBO explained its findings ally matter where the money is spent. nual salaries ranging from $8,000 to
times during the interview, and for as follows: “To the extent that people The point is to put money in peoples’ $75,000. Above this, the tax cuts start
good reason. Typically, in economic hold their wealth in the form of gov- pockets so that they go out and spend dropping off. This is essentially the
down turns, the government has used ernment bonds rather than in a form it. tax cut which President Obama pro-
monetary policy to improve economic that can be used to finance private Any government spending pro- posed during the campaign. It’s part
conditions, but as both Hummels and investment, the increased govern- gram designed to stimulate the econ- of his “bottom-up” strategy to boost
Holland agreed, the Federal Reserve ment debt would tend to “crowd out” omy must take effect immediately the economy.
has pretty much tried all of its avail- private investment—thus reducing and provide long term social and These are the most stimulating tax
able options and to little effect. the stock of private capital and the economic benefit. It needs to provide cuts, because poor people don’t save
Nothing on this scale or magni- long-term potential output of the a sudden jolt to boost the economy. and the poorer they get, the more
tude has ever been tried before. For economy.” Hummels added, “And then you want quickly they’ll spend. Their spending
economists, it’s a fascinating experi- This is where the argument be- it to be over with—you don’t want it boosts consumption the fastest. This
ment. It may provide numerous data tween tax cuts and government to contribute to some sort of structur- is what economists refer to as “mar-
that could potentially confirm or re- spending comes in. In general, Dem- al increase in the size of the govern- ginal propensity to consume.” Many
fute the Keynesian macroeconomic ocrats argue that the bill must include ment. The whole idea is that you give Republicans, however, would argue
model. But is $900 billion dollars more government spending for in- it a onetime shot in the arm and then that this tax cut is just another form
too high a price for a grand experi- frastructure projects, green technol- you get back to lower levels. Now the of government spending because in-
ment in economics? “Part of me, as ogy, healthcare, and unemployment problem is that anything you think of dividuals at lower income levels pay
an academic, is sort of fascinated to benefits. Republicans argue that more is going to fail on at least one of those relatively few taxes to begin with.
see how this will work out. But on the tax cuts for corporations and indi- dimensions, right?” Some suggest that cutting corporate
other hand—there’s no strong reason viduals are needed. Both are likely to Dr. Holland noted that one of
I have to believe it won’t work, it’s stimulate the economy in some way, the biggest problems with the cur- See “Stimulating...” - pg. 13
Page 12THE PURDUE REVIEW February, 2009 Page 13
Stimulating...
FROM PAGE 12
income taxes would be a better idea. Dr. Holland expressed a similar there will be much less for the gov- offset the initial costs of any tax
“You could also cut taxes on busi- sentiment, “The real problem with ernment to spend. The question then, cuts? The answer is difficult to come
ness,” Holland stated, “which will that tax cut was that it was a onetime is will government spending or tax by. It seems that there is no magical
give them more liquidity and encour- tax cut. I can’t count on lower tax cuts result in the greatest benefit? program to get our program back on
age them to expand and acquire more rates years from now. So I take this Although it is not recognized by the track without any significant costs. I
capital.” The result is what is referred onetime tax cut and pay off my credit Keynesian model, the multiplier for do believe, though, that the short run
to as the “trickle-down theory.” A sig- card or save it because I’m concerned. tax cuts might be greater in the short and long run costs of tax cuts will be
nificant cut in the corporate tax rate run than the multiplier for govern- less than those of increased govern-
or the capital-gains tax rate would ment spending. ment spending.
encourage corporations and small
businesses to expand by the way of
“In the end, neither Multipliers measure the amount of
short run GDP growth from each dol-
In the end, neither option will do
much good if the American people
capital investment and employ more lar of spending or tax cuts. Harvard are convinced it won’t work. “Wheth-
people. This would reduce unem- option will do much economist Greg Mankiw notes on his er it’s tax cuts or government spend-
ployment rates and put more money blog that empirical data suggests that ing, the package is going to ultimately
in people’s pockets. Tax cuts have good if the American the multiplier for government spend- depend on consumer confidence,”
their drawbacks though. ing is somewhere between 1 and 1.4, Holland stated. Both programs are
Dr. Hummels pointed out that people are convinced whereas the multiplier for tax cuts likely to stimulate the economy in the
there’s a lot of leakage away from can be as much as 3. Holland agrees, short run, but which has the lowest
stimulus with tax cuts. There is no it won’t work.” “I think we would get a bigger bang cost in the long run? This is up for
guarantee that people will use their from our buck from tax cuts rather debate, but neither program will work
extra take-home pay on domestic than increases in government spend- unless the American people believe
consumption. They could instead But what if I gave you a permanent ing.” in it. It doesn’t seem that too many
choose to buy foreign goods or save tax cut where you have lower tax cuts Any tax cut must be followed by a Americans believe in the current
it, which is what has happened in the next year, lower tax cuts the year af- decrease in government spending in package. President Obama is going to
past. “We do know that from the last ter that? Now I might start thinking order to reduce overall debt and max- have to bring more Republicans to
couple of tax cuts that were pushed about buying a car.” imize benefits in the long run. Obvi- the table, convince his party to cut the
through during the Bush Administra- The key then, is to make any tax ously, this is not possible with the al- pork, and get the American people on
tion that people saved a lot of that and cuts permanent. With any tax cut, ternative. Can we afford to not spend board. Otherwise, we may be in for a
spent just a little of that,” Hummels however, government revenues will money or reduce funding for certain rough few years.
said. drastically decline in the short term— projects? If so, will it be enough to
16 24
Presidential Cocktails
Presidents’ Day is fast approaching (February 16th, to be exact), and what better way to celebrate our most
colorful and distinguished Presidents than with cocktails in their honor? So, we’ve compiled a list of drinks to
honor our former leaders. Drink responsibly and don’t inhale.
Abraham Lincoln: George Washington:
Log Cabin Barack Obama: Cherry Blossom
Ingredients: Yes, We Candy Apple Ingredients
2 oz Bourbon Ingredients: 1 oz Sambuca
1 tbsp Cream 1 dash Butterscotch Schnapps 1/2 oz Grenadine
1 tbsp Orange Juice 1 glass Sparkling Apple Cider Milk
1 tbsp Orange Soda Directions: Pour one glass of sparkling Directions: Add alcohol and fill to top
Directions: cider. Add butterscotch and serve in a with milk. Garnish with a cherry on the
Shake all ingredients (except soda) with highball glass. rim of the glass.
ice and stain into a Highball Glass. Fill
with orange soda and serve
John F. Kennedy:
Marilyn Monroe
George W. Bush:
Ingredients:
Texas Rattlesnake 4 oz Champagne
Ingredients: 1 oz Apple Brandy
1 part Whiskey 1 tsp Grenadine
1/2 part Cherry Brandy Directions: Pour into champagne
1 part Peach Liqueur saucer, and serve with two cherries
1 splash Sweet & Sour mix on a stick.
Directions: Mix all ingredients and
shake well. Serve in “Any Glass” Gar-
nish Ronald Reagan:
The Great Communicator
Bill Clinton: Ingredients:
Blow Job 1/2 oz Galliano
Ingredients: 1 1/2 oz Dark Rum
1/2 oz Amaretto 2 tsp Dark Creme de Cacao
1/4 oz Irish Cream Directions: Pour all of the ingredients
Directions: Pour liqueurs into a shot glass and into an old-fashioned glass filled with ice
top with whipped cream. cubes. Stir well.