“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?
Only if you haven’t covered everything. :-)
7. Competition with Chinese slave labor companies
7. Competition with Chinese slave labor companies