After the Bush 2003 tax cuts. When's the last time you remember GDP growing 7.2% in a quarter?
Posted on 02/03/2006 5:36:15 AM PST by new yorker 77
Unemployment Falls to 4.7%
January +193,000 Jobs
December +140,000 Jobs - A 32,000 Upward Revision
After the Bush 2003 tax cuts. When's the last time you remember GDP growing 7.2% in a quarter?
Gov. Engler left office in 2001. In 2000, Michigan's unemployment was 3.4 percent, as opposed to 9 percent when he took office. Put down the crack pipe.
Market based wage increases are not inflationary.
The big question is what would you accept as proof?
Historical records show that when we have tax rate cuts, we then see economic expansion, and then we have tax revenue increases. Most economists say one causes the other-- like when a cost reduction causes a sales increase. That's what most people who are successful with money are willing to accept as proof.
NEW YORK (Reuters) - U.S. stocks fell on Friday, with the Nasdaq dropping 1 percent, after the government said more jobs were added late last year than previously reported and the unemployment rate fell to its lowest in 4 1/2 years.
The data added to concerns that the Federal Reserve would extend its interest-rate hike campaign.
If Engler left office in 2001, was there no governor in 2002? When Granholm took office in 2003, the unemployment rate was up to 6.2% and rising quickly.
Pardon my laughing out loud in your face and give me a second to compose my self....
--8, 9, 10
OK, I think I can handle it---
No, I get back to you in a bit afknkadmk msadm am
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1999Q4 - 7.3%
Blew mine right out of the console.
What, the government's been hiring more tax collectors ?
We need 2 go back 2 wen we-yall lived in row houses near filthy factories!
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That IS what a lot of people seem to be saying. Also no internet, no iPods, no DVDs, etc. Perhaps, no Interstate highways that bring us fresh produce (and all the stuff made offshore) 365 days a year ----
We also typically have tax cuts coming out of recessions. The question is this: How do the recoveries coming out of recessions in which taxes were cut compare to those in which taxes were left unchanged or even raised? You saw the same GDP growth rates coming out of the 91-92 period, after taxes were raised.
OK, I'm back.
Maybe what you're thinking about are wage increases that accompany rising productivity-- and that you'd agree that market based wage increases resulting from only say, labor supply shortages or increases in demand for labor, are very much inflationary.
Skyrocketing to its current rate of 6.7%. Still think having a Republican governer made not difference?
IOW, the actual total of unemployed is understated because the BLS exluded them from the labor force.
We were already well out of the recession when the Bush 2003 tax cuts occurred.
Governor Engler has signed 32 tax cuts into law, saving taxpayers nearly $32 billion. The state inheritance tax and capital gains taxes have been eliminated. Personal exemptions for children, seniors and the disabled have been increased. The personal income tax rate is being reduced to 3.9 percent -- the lowest level in a quarter century -- and Michigan's main tax on business is being phased out completely.Engler's economic policies have helped to create more than 800,000 jobs in Michigan, cutting the state's unemployment rate from over 9 percent the year he took office to 3.4 percent in 2000 - the lowest annual level ever recorded. For an unprecedented five years in a row, Michigan has led the nation with the most new factories and expansion projects.
Source: Michigan.gov
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