[eraser2005]

There was a drop in GDP in 4Q02 to 0.2%, 5 quarters into the recovery. The drop to 0.5% occurred 8 quarters in. I guess the 4Q02 drop was in anticipation of the tax cut then?

[Toddsterpatriot]

There was a drop in GDP in 4Q02 to 0.2%, 5 quarters into the recovery.

Interesting. It dropped from +2.4 to +0.2.

The drop to 0.5% occurred 8 quarters in.

Yes, it dropped from +4.5 to +0.5.

So, after the talk of a hike, growth dropped 4.0%. The Bush drop was 2.2%.

You never told me why the 4Q93 growth was so high.

I guess your entire point is that people don't change their behavior when tax rates change?