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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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To: Moonman62
"uptick"

In short you agree that the Bush tax cuts revived the economy. Thank you. And Bush tried the mini-stimulus (which I didn't think would work) because of the advice of a great many people, including many conservative economists, who told him it would be a disaster if he didn't do it. He didn't cause the financial meltdown (thank you Bill Clinton), and he tried to reform Fannie and Freddie. He did spend too much a lot of it probably to get Dem support for the war of terror.

The long and short of it is (1) no community reinvestment act (2) no Clinton admin forcing banks and lending instituitons to make bad loans (3) no Barney Frank or other Dems to stop reform of Fannie and Freddie (4) no financial crisis. Read Tom Sowell's "The Housing Boom and Bust" to get the lowdown.

35 posted on 11/14/2012 8:47:10 AM PST by driftless2
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