[usconservative]

If Laffer's thesis about tax cuts is valid, why did the U.S. economy record the weakest period of economic expansion following the Bush tax cuts of 2001 and 2003?

September 11th, 2001. That's why. Asha, you're a complete moron.

[Bryan24]

“If Laffer’s thesis about tax cuts is valid, why did the U.S. economy record the weakest period of economic expansion following the Bush tax cuts of 2001 and 2003?”

1. The BILLIONS of dollars of cost associated with the attacks of 9/11.

2. A 2 front war in the middle east.

3. Hurricane Katrina (and Ivin and several others in the early 2000s that devestated the Gulf Coast).

4. Doubling of oil prices.

5. Bailout of the banking scoundrels.

6. Being overun by illegal aliens.

Need I go on?

[meyer]

September 11th, 2001. That's why. Asha, you're a complete moron.

The left doesn't acknowledge that 9/11 had any effect on the economy. Actually, they're ticked that it didn't have a larger effect. They want it to sink.

I always find it odd that so-called economic experts like this Asha fail to account for other major events when they evaluate economic events.

[Moonman62]

If Laffer's thesis about tax cuts is valid, why did the U.S. economy record the weakest period of economic expansion following the Bush tax cuts of 2001 and 2003?

W's tax cuts were terrible (demand side all the way), but the tax cuts in 2003 that were largely written by the Republicans in Congress, had some supply side and small benefits, and the economy did expand some after that.

[grey_whiskers]

2001-2003 was when we first started sending all our high-paying jobs to INDIA, Asha.

(He must have an IQ of at *least* 460...)

Cheers!