Posted on 03/09/2010 4:13:53 PM PST by Kaslin
Who killed the economy? Those on the left want to frame the previous administration, with George Bush fronting every lineup and most scenarios implicating the tax cuts of 2001 and 2003.
This gives us the chance to play detective and prove not just the innocence of the tax cuts, but also their efficacy.
Liberal leaders want us to believe Bush's tax cuts weakened the economy and created a climate of avarice. This fostered the speculative bubble that eventually burst, bringing down the financial sector and triggering the latest recession.
But just the opposite is true. The 2001 tax cuts quickly ended the downturn that took hold at the end of 2000. The economy began the first quarter of 2001 in decline. Yet during those three months, it was plain that tax relief was on the way, and by the second quarter bipartisan tax relief had arrived.
Negative growth did not return until Sept. 11, 2001. But despite the lack of momentum coming out of 2000, and the terrorist attacks that ushered in the third quarter of 2001, the economy still never registered two straight quarters of negative growth.
The failure to match that recessionary rule of thumb, and the short and shallow downturn that ensued, made that dip unique among post-World War II slowdowns.
(Excerpt) Read more at investors.com ...
They all need to go. NOW
I ain’t kiddin’
Have you ever seen so many dictators in a group EVER? Yes, you are absolutely correct. ALL RATs and RINOs must go. Republicans with no gonads are TOAST too.
We have patriots in Iraq and Afganistan putting their lives on the line to protect and defend this country and our Constitution. We have eunuchs in Congress with no guts, no spine, and no gonads. They’re not worthy of licking the bottoms of our troops boots. The scum in the US Congress must be voted out in November and the remainder MUST go in 2012. If not, my grandchildren’s future will be one of servitude to Big Brother with no freedom whatsoever. OMG!!!
I think we will be lucky if we end up with a Gen. Franco or Gen. Pinochet instesd of a stalinist dictatorship
Dem primary voters killed the economy.
In June, 2008 it became apparent Barack Obama would be their nominee...and he would win in November.
From that moment, businesses large and small slammed on the brakes. That led to the cascade of failures that followed.
Their foot is still on the brake pedal.
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