Yes they are done this way sometimes, but many times they also are simply done because members think the area they want to do it in is the best location. Many times members put in earmarks for military in other states or districts.
I agree. However, this seems to further the case for interdependence and not for solely American ownership.
Well, they were made before the meltdown, but I think statistically, given the other eras of supply-side policies, they do tend to work in the manner laid out. Obviously as you state, the housing market crash and oversold derivatives will be an issue now, but I am not sure these negate the theory.
I also think that this points back to the fallacy of Clinton level tax rates will bring us back the Clinton economy. We are in a different era, the Clinton economy worked so well because of the tech boom, we have no idea (only speculation) how they would work in an era of a crashed housing bubble and overselling.
I am always weary of raising (even letting expire) taxes in a slowdown.
