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To: Moonman62

Yeah that across the board tax cut by Bush in 2003 which fueled the tremendous growth of the economy and resulted in under 5% unemployment was typical leftist economics. (snicker)


29 posted on 11/14/2012 6:16:06 AM PST by driftless2
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To: driftless2

Bush’s tax cuts as implemented were (as we are now seeing) an unmitigated disaster. Unaccompanied by any discipline in spending, they increased debt (futures taxes). With rate cuts and credits they made a vast swath of the lower middle class into effectively non-taxpayers, who are predictably now permanent Democrats rather than swing voters.


31 posted on 11/14/2012 7:32:14 AM PST by only1percent
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To: driftless2
Yeah that across the board tax cut by Bush in 2003 which fueled the tremendous growth of the economy and resulted in under 5% unemployment was typical leftist economics. (snicker)

The uptick in the economy was from the provisions put in the tax cut by the Republicans in Congress, especially Bill Thomas. Thomas included the capital gains tax cut, something W adamantly opposed. The start of the Iraq war was also a factor (lots of government spending). The rise in the stock market was led by government contractors, and commodities (W's weak dollar helped them, as well as his decision to burn our food in our cars).

And I leave you with W's famous last quote he gave in his exit interview to his buddies at CNN.

"I've abandoned free-market principles to save the free-market system."

33 posted on 11/14/2012 8:26:09 AM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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