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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 Conservative View Post
    If it is gross unadjusted then the 2.8% for Obama is wrong as well. Those are the actual dollars.
    There are no percentages in the link you finally supplied, it is in dollar amounts, not adjusted for anything. It is entirely and completely the wrong chart. Since you had linked to the right chart so many times in this thread, you should have no problem finding it now.
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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Redress View Post
    There are no percentages in the link you finally supplied, it is in dollar amounts, not adjusted for anything. It is entirely and completely the wrong chart. Since you had linked to the right chart so many times in this thread, you should have no problem finding it now.
    Everything posted contrary to your claims is wrong. Do the math? The chart speaks for itself. You don't like it, take it up with the Bureau of Economic Analysis.

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Conservative View Post
    Everything posted contrary to your claims is wrong. Do the math? The chart speaks for itself. You don't like it, take it up with the Bureau of Economic Analysis.
    Kinda looks like you have the ole goal post on caster bearings again today conservative.
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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by donc View Post
    Kinda looks like you have the ole goal post on caster bearings … again today conservative.
    Then you do the math and prove me wrong. Take any year, subtract the previous year and divide that by that previous year to get percentage change. Where am I wrong?

    (GDP 2006- GDP 2005) divided by GDP 2005=???

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Conservative View Post
    Then you do the math and prove me wrong. Take any year, subtract the previous year and divide that by that previous year to get percentage change. Where am I wrong?

    (GDP 2006- GDP 2005) divided by GDP 2005=???
    Post #182
    Conservative

    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%

    Post #191

    Simon w.Moon


    It does look quite a bit different when the BEA adjusts for inflation.
    U.S. Department of Commerce. Bureau of Economic Analysis
    Code:
    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
    4.1 1.1 1.8 2.5 3.6 3.1 2.7 1.9 0 -2.6



    Conservative

    post# 193

    If you adjust for inflation you have to do so with every year and every category of both expense and revenue. It is all relative including right now during the Obama years


    HELLO GOALPOST....Your in the wrong spot,let me help.
    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: Were the Bush Tax Cuts Good for Growth?

    deleted and embarrassed.
    Last edited by Donc; 03-09-11 at 01:46 PM. Reason: Hiccups double post.
    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: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by donc View Post
    Post #182
    Conservative

    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%

    Post #191

    Simon w.Moon


    It does look quite a bit different when the BEA adjusts for inflation.
    U.S. Department of Commerce. Bureau of Economic Analysis
    Code:
    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
    4.1 1.1 1.8 2.5 3.6 3.1 2.7 1.9 0 -2.6



    Conservative

    post# 193

    If you adjust for inflation you have to do so with every year and every category of both expense and revenue. It is all relative including right now during the Obama years


    HELLO GOALPOST....Your in the wrong spot,let me help.
    I always look forward to somoene educating me on math. Go for it and prove me wrong. Interesting that the 2.8% GDP growth shows up for Obama in the numbers and that coincides with the reported number by the media.

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Conservative View Post
    Then you do the math and prove me wrong. Take any year, subtract the previous year and divide that by that previous year to get percentage change. Where am I wrong?

    (GDP 2006- GDP 2005) divided by GDP 2005=???
    Your numbers are using nominal dollars not constant dollars. Nominal dollars are unadjusted for inflation (or deflation)

    GDP% change values when presented from government statisitics are almost always adjusted for inflation
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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Conservative View Post
    Then so were the Bush numbers as they came from the same chart.

    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%
    2009 14256.30 -1.28%
    2010 14657.8 2.82%
    Here's the chart where I got the 2.8%

    U.S. Department of Commerce. Bureau of Economic Analysis
    Titled:
    Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
    Code:
    2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
    1.1	1.8	2.5	3.6	3.1	2.7	1.9	0	-2.6	2.8
    I may be wrong.

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    Re: Were the Bush Tax Cuts Good for Growth?

    Quote Originally Posted by Lord Tammerlain View Post
    Your numbers are using nominal dollars not constant dollars. Nominal dollars are unadjusted for inflation (or deflation)

    GDP% change values when presented from government statisitics are almost always adjusted for inflation
    My numbers are using the same numbers that the media reported when it stated that Obama's economic growth was 2.8%. My numbers match that report.

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