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Qtec
09-25-2010, 02:47 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> So How Did the Bush Tax Cuts Work Out for the Economy?

David Cay Johnston | sep. 24, 2010 08:02 PM EDT

The 2008 income tax data are now in, so we can assess the fulfillment of the Republican promise that tax cuts would produce widespread prosperity by looking at all the years of the George W. Bush presidency.

Just as they did in 2000, the Republicans are running this year on an economic platform of tax cuts, especially making the tax cuts permanent for the richest among us. So how did the tax cuts work out? My analysis of the new data, with all figures in 2008 dollars:

Total income was $2.74 trillion less during the eight Bush years than if incomes had stayed at 2000 levels.





The hard, empirical facts:

<span style='font-size: 14pt'><u>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.</u> 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. </span> </div></div>

Vote GOP.

Q link (http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9?OpenDocument)

pooltchr
09-25-2010, 04:51 PM
And tell us how the economy has done during the past 4 years of democrat control of congress.....or even the last 2 years with their majority was linked to a democrat in the white house.

Steve

hondo
09-25-2010, 08:40 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> So How Did the Bush Tax Cuts Work Out for the Economy?

David Cay Johnston | sep. 24, 2010 08:02 PM EDT

The 2008 income tax data are now in, so we can assess the fulfillment of the Republican promise that tax cuts would produce widespread prosperity by looking at all the years of the George W. Bush presidency.

Just as they did in 2000, the Republicans are running this year on an economic platform of tax cuts, especially making the tax cuts permanent for the richest among us. So how did the tax cuts work out? My analysis of the new data, with all figures in 2008 dollars:

Total income was $2.74 trillion less during the eight Bush years than if incomes had stayed at 2000 levels.





The hard, empirical facts:

<span style='font-size: 14pt'><u>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.</u> 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. </span> </div></div>

Vote GOP.

Q link (http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9?OpenDocument) </div></div>

Game! Set! Match! It's almost too easy to expose truthyness, isn't it, Q?

pooltchr
09-25-2010, 08:57 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: hondo</div><div class="ubbcode-body">
Game! Set! Match! It's almost too easy to expose truthyness, isn't it, Q? </div></div>

Can't even be original in what you post, can you, honduh?
Where did you come up with that one? It couldn't be from a post I just made, because we know you ignore everything I say.

You are nothing but a girly little twit. I'm beginning to think everything we know about you is a lie. You can't be more than about 13 years old!

Steve

Qtec
09-26-2010, 12:19 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body">And tell us how the economy has done during the past 4 years of democrat control of congress.....or even the last 2 years with their majority was linked to a democrat in the white house.

Steve </div></div>

This is the topic.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">So How Did the<span style='font-size: 14pt'> Bush</span> Tax Cuts Work Out ? </div></div>

The answer has nothing to do with Obama.

The Bush tax cuts 1 and 2, the Afg war and the invasion of Iraq - the things that account for most of the Nat Debt that GW doubled- occurred before 2006, when the GOP had total control.

When Obama took over the US was losing 800,000 jobs a month! There was a credit/banking crisis, a foreclosure crisis, a HC crisis etc etc.

Bush spent more than any other US President in history and created less jobs and increased poverty. These are facts. He left the country in ruins and utterly divided. The only ones who profited were the top 2%, his base.

I hate to say it but you are one of those people who make political discourse impossible because you refuse to accept or acknowledge facts.



Q

LWW
09-26-2010, 04:47 AM
If you looked through the PDF's in your link ... and we all know you didn't ... you would realize that you bought into a major distortion of reality by a man who is either oblivious to the meanings of the data he uses or is a liar of monumental proportions.

LWW

Gayle in MD
09-26-2010, 05:22 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">This is economic madness. It is policy divorced from empirical evidence. It is insanity because the policies are illusory and delusional. The evidence is in, and it shows beyond a shadow of a reasonable doubt that the 2001 and 2003 tax cuts failed to achieve the promised goals.

So why in the world is anyone giving any credence to the insistence by Republican leaders that tax cuts, more tax cuts, and deeper tax cuts are the remedy to our economic woes? Why are they not laughingstocks? It is one thing for Fox News to treat these policies as successful, but what of the rest of what Sarah Palin calls with some justification the "lamestream media," who treat these policies as worthy ideas?

The Republican leadership is like the doctors who believed bleeding cured the sick. When physicians bled George Washington, he got worse, so they increased the treatment until they bled him to death. Our government, the basis of our freedoms, is spewing red ink, and the Republican solution is to spill ever more.

Those who ignore evidence and pledge blind faith in policy based on ideological fantasy are little different from the clerics who made Galileo Galilei confess that the sun revolves around the earth. The Capitol Hill and media Republicans differ only in not threatening death to those who deny their dogma.

How much more evidence do we need that we made terrible and costly mistakes in 2001 and 2003?
</div></div>

People who deal in facts, don't need anymore evidence. The Great Deniers, however, reject all proven facts, in the interest of skewing them, denying them, twisting them, whatever it takes for them to scroll away believing that they "won" a discussion which they obviously lost.

Nothing of any import, penetraates the Fox/Rush/Rove/ etc, programming of our resident Knuckle Dragging Neanderthals, lol. /forums/images/%%GRAEMLIN_URL%%/wink.gif /forums/images/%%GRAEMLIN_URL%%/grin.gif


I posted this same report, yesterday morning, I'm sure you didn't see it before posting it, it is well worth a double post, given it proves not only our assertions, and their ignorance, but the PROVEN damages resulting from failed Republican Policies, inherited by the Democratics, and President Obama. /forums/images/%%GRAEMLIN_URL%%/wink.gif

Good post Q.

G.

LWW
09-26-2010, 05:32 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body"> People who deal in facts, don't need anymore evidence. The Great Deniers, however, reject all proven facts, in the interest of skewing them, denying them, twisting them, whatever it takes for them to scroll away believing that they "won" a discussion which they obviously lost.

G. </div></div>

How true G ... as an example:

http://imspeakingtruth.files.wordpress.com/2008/12/eddie-and-obama-party.jpg

LWW

Sev
09-26-2010, 06:53 PM
I like kittens.