[Son House]

The Bush Tax Cuts offer a lot for Republicans to display about how to increase the GDP. Democrats Stimulus#2 will offer 'targeted' tax cuts that are too narrow for our economy;

Economic Illiteracy Quiz:

After what legislation was there the largest spike up in the Real GDP?
a. February 17, 2009: American Recovery and Reinvestment Act = 111th United States Congress
b. October 3, 2008 — Emergency Economic Stabilization Act of 2008 = 110th United States Congress
c. February 13, 2008 — Economic Stimulus Act of 2008 = 110th United States Congress
d. May 28, 2003 — Jobs and Growth Tax Relief Reconciliation Act of 2003 = 108th United States Congress

( Ignore the green forecast, it was wishful thinking)


Failure Qualifies any Participants
to be an Economic Advisor to the White House,
or Replace a current sitting Democrat Congressional member
Correct Answer is: d.
Apply Now

[Brilliant]

“Our goal is to sustain them until the GOP returns to power so that when it blows up, we can blame them on the GOP.”

[Son House]

http://www.google.com/hostednews/ap/article/ALeqM5j7EwfM-Cox6IcCwn0AP07SFgFy5QD9BCFGVO0

BIGGEST DEFICITS AS PERCENTAGE OF GDP, SINCE 1940:
10 percent: 2009 deficit
3.2 percent: 2008 deficit
6 percent: 1983 deficit
21.5 percent: 1945 deficit
30.3 percent: 1943 deficit

^
The top 2 are Democrat Majority 110th and 111th United States Congress

[swheats]

Only in America. Men who don’t pay their taxes can be in control of making and enforcing laws.

God help us to get this right.

[GeronL]

Unsustainable government

[Paladin2]

"We’ve got unsustainable deficits over a five- to 10-year window"

A Jf'nK genius. No wonder he was "the only one" who could get the job done.

[Paladin2]

Just wait until he hears from John Galt.

[mojitojoe]

That’s one reason they are desperate to pass a huge health care bill. They begin collecting taxes right away, but nobody gets crap for 3 years. They need money bad. Go Galt and I mean really go GALT!!!

[Cobra64]

Great chart!

[paul51]

We’ve got unsustainable deficits

Only one thing to do then. Triple them in size every year

[bustinchops]

A college freshman enrolled in Econ 101 would know by mid-semester than these deficits are unsustainable.

Timothy “Golden Boy Tax Cheat” Geithner is just now coming around to this insurmountable fact?

[Bob from De]

Unemployment,bank failures,commercial real estate crisis,and Barney Fwank and the boys are STILL pushing low-income loans.
More people over and under 65 filing for Social Security.
Vastly reduced tax revenue on savings.(CD’s,bonds,etc.)
In my case from a high of 5.35% a year ago to 2.0% today.

Naw,nothing to worry about!
It certainly does appear that Congress is after the taxes in the first years of Health Care.

[Iron Munro]

Obama-nomics