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Thread: So How Did the Bush Tax Cuts Work Out for 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
    Bush didn't create the 862 billion dollar stimulus plan
    Thank you for pointing that out brother, the bailout plan Bush singed was only $700 billion. Take that libs.

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

    Quote Originally Posted by pbrauer View Post
    The bailout of GM saved thousands of jobs while TARP saved the jobs people on Wall Street who make $1 million or more some averaging $2 billion a year.

    About 1/3 of the stimulus was tax breaks for the middle class.
    The deficit was caused by lost income tax revenue from all the layoffs.
    Yep, liberal rhetoric that things could have been worse? How do you know the GM jobs would have been lost and how do you know the teachers' jobs would have been lost? Oh, I know, Obama who hasn't been accurate yet on a prediction told you so. The majority in this country today are speaking, wonder if you are listening.

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

    Quote Originally Posted by Conservative View Post
    Inheriting a budget doesn't mean you cannot change the budget. Bush didn't take over GM, Bush didn't create the 862 billion dollar stimulus plan, and Bush didn't collect the repayment of TARP that no one knows where the money went.

    Tell me why you have so much passion for people paying higher taxes?
    Perhaps, because leaving the Bush tax cuts in tact in whole will add $4 trillion to the deficit (and that's just for the top tier)?

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

    Quote Originally Posted by Conservative View Post
    Doesn't look like the American voters today are buying your act and do blame Obama for the economy today.
    My act? I'm on your side here brother. And I fully agree that polls show Americans see through Obama's liberal rhetoric. The liberals however try to spin the facts and focus on Bush's rating when he left office which was lower than Obama's, and one of the lowest approval ratings in history.

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

    Quote Originally Posted by FilmFestGuy View Post
    Perhaps, because leaving the Bush tax cuts in tact in whole will add $4 trillion to the deficit (and that's just for the top tier)?
    Really? Prove it, explain to me what the Treasury shows tax revenue going up after the Bush tax cuts so how can tax cuts that grow revenue cause deficits?

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

    Quote Originally Posted by Conservative View Post
    Really? Prove it, explain to me what the Treasury shows tax revenue going up after the Bush tax cuts so how can tax cuts that grow revenue cause deficits?
    Don't believe this liberal rhetoric brother Senate Republicans unveil a plan that would add $4 trillion to deficit by making Bush tax cuts permanent // Current

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

    Quote Originally Posted by Conservative View Post
    Really? Prove it, explain to me what the Treasury shows tax revenue going up after the Bush tax cuts so how can tax cuts that grow revenue cause deficits?
    The tax revenue always (execpt in a few instances) goes up, the population is always expanding.


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

    Quote Originally Posted by pbrauer View Post
    The tax revenue always (execpt in a few instances) goes up, the population is always expanding.
    So the population is dropping now? Liberals said that the tax revenue would go down so apparently there is a disconnect. Suggest a new line from you.

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

    Quote Originally Posted by McCain2012 View Post
    Yes, and he needs to take full blame for that. Liberals try to point out that Reagan blamed the administration before him and the recession they caused for economic troubles during his administration but we all know that's just liberal rhetoric. They point out statements of his about his critics that he made 20 months into his term like "I must ask, did these modern day Rip Van Winkles really sleep through the America of 1980? Don’t they remember the unprecedented misery of double-digit inflation, climbing unemployment and record interest rates?" and "I just wish those who bear such a heavy burden for overspending and taxing us into this recession could resist playing politics with the problems they caused and work with us to stay on course for a lasting recovery." We all know that's just liberal spin on a great president who took full responsibility for the economy the day he entered office.

    When does the Bush economy become the Obama economy? | Jay Bookman
    So Reagan took credit for the fact that the unemployment rate went from 6.7% when he entered office to 10.8% by November, 2012?

    Some quotes from The Gipper himself:

    Sept. 16, 1982: ",,, if we had not brought inflation down as far as we have from the double-digit rates we inherited."

    July 1, 1982: "A year and a half ago, we inherited 21.5 percent interest rates, double-digit inflation and a trillion-dollar debt, the worst economic mess in post-war history."

    June 16, 1982: ''Some diehards are now declaring the present recession was caused by our program,'' Mr. Reagan said in a speech at the Albert Thomas Convention Center here tonight. ''May I
    just point out - we had the recession before we got the program.''

    April 30, 1982: "And they have every reason to because that 12.4 percent inflation rate we inherited has been running at only 3.2 percent for the last six months."

    March 19, 1982: "Our Administration has been reminding the American people that the economic mess we inherited last year - and the recession we're in now - is the legacy of years of misguided policy. ... Well, we inherited many mistakes by others - but we're not going to just bemoan the past."

    Feb. 19, 1982: "A year ago, I went before the American people to say that we'd inherited the worst economic mess in half a century."
    Source

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

    Quote Originally Posted by FilmFestGuy View Post
    So Reagan took credit for the fact that the unemployment rate went from 6.7% when he entered office to 10.8% by November, 2012?

    Some quotes from The Gipper himself:



    Source
    The interest rates and unemployment put the misery index in the mid 20's. The economy at the time was worse than anything we have seen since the great depression. People were losing their homes like crazy and throwing the keys at the banks due to 17% interest rates and rising unemployment. Compare that to what Obama "inherited?" Interest rates at near zero and unemployment at 7.6%
    Last edited by Conservative; 11-02-10 at 08:20 PM.

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