To: KwasiOwusu
The Bush tax cuts are precisely what saved us from the double whammy of the Klinton recession and the ravages of the economic effects of 9/11. What the President inherited was an out of control Federal Reserve Chairman and the beginnings of a business spending depression (not a recession). Two problems he didn't recognize and cared to do nothing about. It was the 9/11 attacks that turned things around (take a look at a chart of the major stock market indices). They brought Greenspan around to his senses, but the President didn't come around until he saw the soft economy would threaten his reelection.
15 posted on
12/04/2004 3:05:49 PM PST by
Moonman62
(Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
To: Moonman62
"What the President inherited was an out of control Federal Reserve Chairman and the beginnings of a business spending depression (not a recession). Two "
Are you for real?
You first shout that the Bush tax cuts were done for votes, not to turn round the economy, even though President Bush run on a tax cuts platform, and presented his tax cuts budget to congress a full FOUR years before he was due to for reelection. What votes was he looking for exactly four years before he was due to run for office?
Now you claim that The President "didn't come around" to the tax cuts idea till after 9/11, blithely ignoring the fact that President Bush RUN on tax cuts, and presented his tax cuts proposals to congress BEFORE 9/11.
Get serious will you?
You are blowing so much hot air!
Another thing President Bush DID inherit a recession. While The National Bureau of Economic Research did not declare that a recession had started till March 2001, the seeds of that recession were sowed by the Klinton administration. President Bush had been in power for less than two months by then, too short a period to have any effect on the economy.
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