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Thread: Were the Bush Tax Cuts Good for Growth?

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by JohnWOlin View Post
    Guess you have nothing to contribute either.
    Well you've already admitted that you don't, so nuff said.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Amazed View Post
    No, I criticize the moron because the FEBRUARY Deficit was bigger than the 2007 deficit.

    Get real.
    Not sure where someone comes up with Bush's annual growth at 2.39% because here are the actual numbers from BEA.gov. There is so much misinformation provided by liberals here that it is quite disturbing.

    GDP and Percentage change from previous year

    2001 10286.20 3.36%
    2002 10642.30 3.46%
    2003 11142.10 4.70%
    2004 11867.80 6.51%
    2005 12638.40 6.49%
    2006 13398.90 6.02%
    2007 14077.60 5.07%
    2008 14441.40 2.58%

  3. #183
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    Re: Were the Bush Tax Cuts Good for Growth?

    Media Matters....Salon....a plethora of Lefty crap.

    Quote Originally Posted by Conservative View Post
    Not sure where someone comes up with Bush's annual growth at 2.39% because here are the actual numbers from BEA.gov. There is so much misinformation provided by liberals here that it is quite disturbing.

    GDP and Percentage change from previous year

    2001 10286.20 3.36%
    2002 10642.30 3.46%
    2003 11142.10 4.70%
    2004 11867.80 6.51%
    2005 12638.40 6.49%
    2006 13398.90 6.02%
    2007 14077.60 5.07%
    2008 14441.40 2.58%
    Obama is NOT 50 feet tall, he is ONE inch deep.
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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Amazed View Post
    Media Matters....Salon....a plethora of Lefty crap.
    Probably true, I prefer the following

    U.S. Department of Commerce. Bureau of Economic Analysis

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Conservative View Post
    Not sure where someone comes up with Bush's annual growth at 2.39% because here are the actual numbers from BEA.gov. There is so much misinformation provided by liberals here that it is quite disturbing.

    GDP and Percentage change from previous year

    2001 10286.20 3.36%
    2002 10642.30 3.46%
    2003 11142.10 4.70%
    2004 11867.80 6.51%
    2005 12638.40 6.49%
    2006 13398.90 6.02%
    2007 14077.60 5.07%
    2008 14441.40 2.58%
    I have told you before, but you need to look at REAL GDP if you are comparing years, otherwise some of that growth could simply be due to inflation.

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by FilmFestGuy View Post
    Liz Peek at FoxNews.com congratulates me for writing about the importance of economic growth. So in the spirit of maximizing growth, I want to pose a question: Why should we believe that extending the Bush tax cuts will provide a big lift to growth?

    Those tax cuts passed in 2001 amid big promises about what they would do for the economy. What followed? The decade with the slowest average annual growth since World War II. Amazingly, that statement is true even if you forget about the Great Recession and simply look at 2001-7.


    full article

    This actually gets to a point I've been trying to make for a while...

    If the Bush tax cuts were "good", then why were the 2000s (even if you cut the decade off before the Great Recession) the slowest decade for growth in the post-WW2 era?
    The growth during the Bush years was because of housing prices and the bubble that lead to the present crash, not his idiotic tax cuts. Real wages did not rise during his presidency and to considering that the US economy is based highly on consumer consumption, then said consumers must have gotten the money somewhere. Real Estate was the ATM of the economy during the Bush years.
    PeteEU

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by PeteEU View Post
    The growth during the Bush years was because of housing prices and the bubble that lead to the present crash, not his idiotic tax cuts. Real wages did not rise during his presidency and to considering that the US economy is based highly on consumer consumption, then said consumers must have gotten the money somewhere. Real Estate was the ATM of the economy during the Bush years.
    Source please. Right now.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by PeteEU View Post
    The growth during the Bush years was because of housing prices and the bubble that lead to the present crash, not his idiotic tax cuts. Real wages did not rise during his presidency and to considering that the US economy is based highly on consumer consumption, then said consumers must have gotten the money somewhere. Real Estate was the ATM of the economy during the Bush years.
    So then it would be pretty safe to say what drove the Clinton economy, was the dot com bubble, that broke in 2000 or 2001 . guess one would have to say, that in anytime of growth you can attribute it to something.

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    Re: Were the Bush Tax Cuts Good for Growth?

    it's generally true; much of the growth of the Bush years was wiped out by the 2008-2009 crash

    cutting the tax rates was absolutely good for the economy. however, what was bad for the economy was the Bush administration jacking up spending.

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by The Barbarian View Post
    So then it would be pretty safe to say what drove the Clinton economy, was the dot com bubble, that broke in 2000 or 2001 . guess one would have to say, that in anytime of growth you can attribute it to something.
    that's the trick about it. if you're going to 'give' the 2009 portion of the collapse to Bush, then you have to 'give' the 2001 recession to Clinton.
    Last edited by cpwill; 03-09-11 at 08:52 AM.

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