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Thread: So How Did the Bush Tax Cuts Work Out for the Economy?

  1. #141
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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by JakeFromWI View Post
    A MUST READ. Don't even read the opinions. Look at the empirical facts. Look at the numbers and tell me Pelosi did all this....

    So How Did the Bush Tax Cuts Work Out for the Economy?

    Here's a short paragraph to give you an idea what economist/professor/pulitzer prize winner David Cay Johnston concludes of the Bush tax cuts.

    "The tax cuts did not spur investment. Job growth in the George W. Bush years was one-seventh that of the Clinton years. Nixon and Ford did better than Bush on jobs. Wages fell during the last administration. Average incomes fell. The number of Americans in poverty, as officially measured, hit a 16-year high last year of 43.6 million, though a National Academy of Sciences study says that the real poverty figure is closer to 51 million. Food banks are swamped. Foreclosure signs are everywhere. Americans and their governments are drowning in debt. And at the nexus of tax and healthcare, Republican ideas perpetuate a cruel and immoral system that rations healthcare -- while consuming every sixth dollar in the economy and making businesses, especially small businesses, less efficient and less profitable."

    Obama's fault what?
    What you are forgeting is the economic growth and job creation from 2003 to 2007 and are only using data from 2000-2002 while we were in a recession and after 9/11 then in 2007-2008 when we went back into recession with the help of a Democrat Congress. I posted tax revenue during the Bush years and of course you ignore GDP growth which is as follows


    Reagan GHW BushClinton GW Bush
    Line ***1981*** ***1988*** ***1992*** ***2000*** ***2008*** ***2009***
    1 GDP 3,126.80 5,100.40 6,342.30 9,951.50 14,441.40 14,256.30


    Reagan GDP Growth +2.0 trillion dollars
    GHW Bush 1.2 trillion
    Clinton 3.6 trillion
    GW Bush 4.5 trillion

    So tell me again how Bush tax cuts didn't help the economy?

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    Spending has always been the problem and is what causes deficits, not tax cuts.
    So, eliminating all taxes would not cause deficits?


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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Doubt anything is ever going to change your mind including ACTUAL facts. No one is calling for the elimination of all taxes. The govt. actually needs about 1.7 trillion to operate, not the 3.8 trillion it requires now. You and your ilk have promoted massive expansion of govt. so are to blame for what we have today. Are you ever going to actually address the facts instead of what you read in the paper or from leftwing sites?

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by TurtleDude View Post
    you ooze class envy
    A defensive ego-trip is not an argument.

    Quote Originally Posted by TurtleDude View Post
    its time you start paying for what you use
    I couldn't agree more. It's time that employees were properly compensated for their time and hard work, and the American people properly compensated for the use of our national resources and infrastructure.

    Quote Originally Posted by apdst View Post
    You do understand the difference between capital gains tax and income tax. Yes?
    In general, although I don't claim to be an expert.

    Quote Originally Posted by apdst View Post
    What do you think the capital gains tax should be? 20% is plenty high enough.
    I don't have the background in this tax to make specific recommendations, but I will say that I have never heard a remotely convincing or even rational argument for the rate being as low as it is.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Troubadour View Post
    A defensive ego-trip is not an argument.



    I couldn't agree more. It's time that employees were properly compensated for their time and hard work, and the American people properly compensated for the use of our national resources and infrastructure.



    In general, although I don't claim to be an expert.



    I don't have the background in this tax to make specific recommendations, but I will say that I have never heard a remotely convincing or even rational argument for the rate being as low as it is.
    So tell me who sets the price for fair compensation?

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    So tell me who sets the price for fair compensation?
    A valued employee can do that, by quitting a job when he or she is not being fairly paid. I was the only tech in a group in Idaho that could, or would, do certain things, but I was also paid less than senior techs who had been there longer. I told the boss it wasn't fair, and he made promises he never intended to keep, so after a year of BS from him, I transferred out.
    But that was me....your average employee isn't interested in keeping his skills up to snuff, or tackling the more difficult work.
    With a recession on, it isn't as easy as before, but it is still doable.
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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by UtahBill View Post
    A valued employee can do that, by quitting a job when he or she is not being fairly paid. I was the only tech in a group in Idaho that could, or would, do certain things, but I was also paid less than senior techs who had been there longer. I told the boss it wasn't fair, and he made promises he never intended to keep, so after a year of BS from him, I transferred out.
    But that was me....your average employee isn't interested in keeping his skills up to snuff, or tackling the more difficult work.
    With a recession on, it isn't as easy as before, but it is still doable.
    No question about it, no one holds a gun to the head of any employee to keep a job that they feel undervalues their worth. In the end however it is the market that will set the price. All those crying for the Govt. to set the minimum wage ignores that minimum wage then becomes the maximum wage and employer has to pay to get an employee. I employed thousands and never once paid minimum wage as the market I was in wouldn't allow me to pay minimum wage. Too many ignore that reality.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    No question about it, no one holds a gun to the head of any employee to keep a job that they feel undervalues their worth. In the end however it is the market that will set the price. All those crying for the Govt. to set the minimum wage ignores that minimum wage then becomes the maximum wage and employer has to pay to get an employee. I employed thousands and never once paid minimum wage as the market I was in wouldn't allow me to pay minimum wage. Too many ignore that reality.
    That may be true for unskilled labor, but for technical jobs that require some expertise, not so true. My supervisor was responsible for seeing that the job gets done, but by losing me, he had no way of getting some of those things done. I wasn't the only one who left, we had a former Air Force tech and a former Navy nuke who left that group. The supervisor had to answer to his bosses about losing so many of his top techs....
    In a later job, in AZ, we had 2 "revolts" of new hires threatening to quit when they found out that they were getting substantially less pay than lower skilled jobs, lesser able people, etc. Idiot bosses hired ENGINEERS at less than a union meter reader....
    After big pay raises, the revolution was over, but one engineer quit anyway, and now makes a LOT more than those who stayed.
    You gotta take risks to get rewards....
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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by UtahBill View Post
    That may be true for unskilled labor, but for technical jobs that require some expertise, not so true. My supervisor was responsible for seeing that the job gets done, but by losing me, he had no way of getting some of those things done. I wasn't the only one who left, we had a former Air Force tech and a former Navy nuke who left that group. The supervisor had to answer to his bosses about losing so many of his top techs....
    In a later job, in AZ, we had 2 "revolts" of new hires threatening to quit when they found out that they were getting substantially less pay than lower skilled jobs, lesser able people, etc. Idiot bosses hired ENGINEERS at less than a union meter reader....
    After big pay raises, the revolution was over, but one engineer quit anyway, and now makes a LOT more than those who stayed.
    You gotta take risks to get rewards....
    Sounds to me like once again the market set the price. It is a tug between what the employer wants to pay and what the employee wants to get. The market will determine that price not the govt. setting an artificial price. There are indeed idiot bosses just like there are idiot employees who have an entitlement mentality. Neither are good for the business. Who do you think pays for those wages? Price yourself out of the market and you won't have to worry about what pay rate you get, it will be zero.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    Sounds to me like once again the market set the price. It is a tug between what the employer wants to pay and what the employee wants to get. The market will determine that price not the govt. setting an artificial price. There are indeed idiot bosses just like there are idiot employees who have an entitlement mentality. Neither are good for the business. Who do you think pays for those wages? Price yourself out of the market and you won't have to worry about what pay rate you get, it will be zero.
    Not sure of your background, but in the technical fields, and I suspect many fields, there are a lot of people who faked it to get in, then try to coast afterwards. Lax supervision allows them to stay longer than probation periods. Apparently it is hard to fire people in some areas...
    Oracle of Utah
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