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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by winston53660 View Post
    errrr reagan raised taxes in '82
    Not income taxes and that is something all income earners benefited from

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Posted this in another thread, but it's apropos here:



    President Reagan's Economic Policies

    The results speak for themselves, people keeping more of their money stimulated economic growth and led to the massive landslide in 1984

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    Not income taxes and that is something all income earners benefited from

    Bruce bartlett had this to say:


    The only problem with this analysis is that it is historically inaccurate. Reagan may have resisted calls for tax increases, but he ultimately supported them. In 1982 alone, he signed into law not one but two major tax increases. The Tax Equity and Fiscal Responsibility Act (TEFRA) raised taxes by $37.5 billion per year and the Highway Revenue Act raised the gasoline tax by another $3.3 billion.

    According to a recent Treasury Department study, TEFRA alone raised taxes by almost 1 percent of the gross domestic product, making it the largest peacetime tax increase in American history. An increase of similar magnitude today would raise more than $100 billion per year.

    http://old.nationalreview.com/nrof_b...0310290853.asp
    Last edited by winston53660; 02-27-12 at 02:26 PM.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    My bet is you were playing with transformers during the 1980 election campaign and weren't paying any attention to the economic conditions. Instead you act like an expert again on a topic you know nothing about.
    I'm still waiting, Con ...

    You made a bet with me.

    Are you going to put up and agree to terms of the bet you made or are you going to shut up and run away from it again?

    It's put up or shut up time, Con...

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    I'm still waiting, Con ...

    You made a bet with me.

    Are you going to put up and agree to terms of the bet you made or are you going to shut up and run away from it again?

    It's put up or shut up time, Con...

    I'll bet you he runs away.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    The results speak for themselves, people keeping more of their money stimulated economic growth and led to the massive landslide in 1984
    Like I said, I wasn't criticizing his decision to put the economy into recession. I was criticizing your inability to admit the most basic facts when you think (even mistakenly, as in this case) that they don't support your preordained partisan position.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by winston53660 View Post
    I'll bet you he runs away.
    It is virtually certain.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    It is virtually certain.

    It's a sucker bet I know

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    It is virtually certain.
    He's praying that reddress will come in and shut down this thread.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    It really would be a lot smarter for you to actually shut up and get back on topic. Thanks for pointing out that Jimmy Carter had better numbers than Obama and Carter is called the worst President in Modern history. Still waiting for how Reagan and Volker got together and raised interest rates to 20% in 1980 before Reagan took office? Keep diverting, Sheik for that is all an Obama supporter can do. Remember Obama loves you and people like you as he laughs his ass off at how foolish he is making you look
    when do you plan on getting back on topic?

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