[Son House]

At the risk of being repetitive to some, I'd like to share;

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 Democrats(EconoList), Vice President,
or Replace a current sitting Democrat Congressional member
Correct Answer is: d.
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[Son House]

Don’t tell Biden;

http://taxesandgrowth.ncpa.org/news/are-the-bush-tax-cuts-working

2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.

Employment, Jobs, and Productivity4

Though job creation was slow immediately following the recession and during the first stages of the recovery, it had increased dramatically by late 2002 and 2003.

1.4 million jobs were added in the nine months after August 2003 (the 2003 tax cuts were signed into law in late May 2003).

The unemployment rate remained steady at 5.6 percent in May 2004, well below its peak of 6.3 percent a year ago.

The Treasury Department estimates that without the tax relief, as many as 1.5 million more Americans would be out of work right now, and the unemployment rate would be well over 7 percent.