Sure
Sometimes Nutting has more than “Nutting to say”...
No offense to you, but who cares what Rex Nutting thinks, he claimed Bush was responsible for Obama’s stimulus.
Arthur Laffer #1??? What a load of BS
Laffer is enemy #1 for leftists. His theories are antithetical to everything that central planners, Socialists and Keynesians believe. That’s why they will never miss a chance to criticize him.
This author is a nutter.
He hates cutting taxes as much as a Leftist.
Nutter is a dumbass.
Nutting is a nut case.
His understanding of economics (or at least the understanding he tries to express) is a barely-at-the-surface understanding and his political sense of economic issues has been delivered up to him by the media and populist ideas it creates.
WSJ should fire him. He represents a disservice to their reputation (even though it has been sliding down, and to the Left, ever since Murdoch bought it).
He blames GWB the most, and says that the tax cut in 2001 didn’t work. He didn’t mention that the tax cut in 2003 DID work. He is a moron.
Rex Nutting - apply-named king of the morons - he’s the jackwad Ann Coulter took to the woodshed for claiming W was responsible for Obama’s deficit record.
No surprise that most of the folks he includes in his list are conservative-leaning, including Art Laffer, Grover Norquist, and George Bush, among others. He does include Bubba and the Bamster, but is clearly less disturbed by them than he is by anybody on the right with even an ounce of sense.
“In every case over the last 60 years, major tax cuts have more than paid for themselves. In fact, every major tax cut since JFK has been followed by substantial increases in revenue, not to mention solid economic growth. Moreover, total federal revenue rose at a faster rate after each of those tax cuts than it did before them. Anyone can confirm these basic facts for themselves by checking federal budget data and economic indicators before and after major tax cuts (see, for example, Federal Budget Data,Data 360 Unemployment U.S.,and Total Economy Database). Let’s take a closer look at the results of the last four major tax cuts (and then for good measure we’ll examine the Mellon tax cuts of the 1920s).
Bush Tax Cuts: President George W. Bush’s 2003 tax cuts generated a massive increase in federal tax revenue and were followed by 52 consecutive months of economic growth. From 2004 to 2007, federal tax revenue increased by $780 billion, the largest four-year increase in American history. Total federal revenue from 2003 to 2007:
2003 — $1.78 trillion
2004 — $1.88 trillion
2005 — $2.15 trillion
2006 — $2.40 trillion
2007 — $2.56 trillion
Total federal revenue for 2008 dropped slightly, down to $2.52 trillion, because a recession started that year, but revenue was still substantially higher than it was in 2003 or 2004. During the same period, income tax revenue rose dramatically, going from $925 billion in 2003 to $1.53 trillion in 2007. As with other types of federal revenue, income tax revenue dropped slightly in 2008, down to $1.45 trillion, due to the fact that a recession began that year.”
http://www.mtgriffith.com/web_documents/taxcutfacts.htm
He forgot Dodd and Frank. Sorry, but my bs meter went off the minute I saw that smug arrogant face.
The man is as clueless as Krugman.
This is DRIVEL!
What a joke. I didn't read past there.....
Anyone who thinks that the Congress is going to arrive at an agreement to avoid the fiscal cliff. Barring an EO from zero that circumvents the Congress (AGAIN!), they will not agree on the measures necessary to avoid the looming economic disaster in 2013.
If the Senate hasn’t produced a budget in 3 years, they aren’t going to be able to do this in 5 weeks . . . . . . . . unless Boehner cries and caves . . . . . . AGAIN!!
(Boehner is a primary reason that I no longer support the RNC. BUT - he’s only one of many!)
That would be Congress.
Starting with the loss of Congress in Bush's presidency until now Congress has spent like a payday soldier at Octoberfest.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
It's the spending, stupid.
somebody forgot the /s switch...
The core economy wreckers are Dodd, Frank, the deceased killer of Mary Jo, Pelozi, and any other tax and spend Socialist who has spent DECADES as an elected member of the Legislature.
Real 10 people.
1. LBJ- Combined social security revenues with the general fund and ensured social security would be unsustainable. Created social programs with no thought of how spending would increase and how to pay for it.
2. Democrat congress of 1970’s- created budget process that prevented president from controlling spending. Made budget process ensure budget would not be balanced.
3. Jimmy Carter- Began first deficits during periods of prosperity. Deficits started in mid 1970’s as president lost control. Carter created huge deficits and brought social security close to insolvency. Promoted loans to Communist and 3rd world countries that were not repaid and caused other problems. Created a legal and regulatory climate that crippled American industry and brought about an uncompetitive situation in the late 1970’s when U.S. industries could no longer compete.
4. Speaker Wright, Tip O'Neil and others- fought attempts to control Federal spending and get entitlement spending under control.They also promoted S and L fraud which required billions of taxpayer money to bail out.
5. Bill Clinton - Began interpreting and enforcing the Community Investment Act to require banks to make bad loans. The so called Clinton Surpluses never existed in real life. They were a result of the short-term Dot.com stock bubble that created huge capital gains tax revenue.
By 2007 the budget deficit was a small percentage of GNP the economy could have produced a balanced budget.
6. Barney Frank and the others - encouraged bad mortgage loans and prevented the regulatory oversight of Fannie Mae and Freddie Mac which created billions in sub prime and fraudulent mortgage loans which went bad.
7. Nancy Pelosi - Became speaker in 2007 and immediately began destroying the economy increasing spending. In less than 2 years the economy was dying.
8. Harry Reid- Prevented fiscal responsibility since he became Senate leader in 2007. Did not complete a single budget since 2008.
9. Barack Obama - Created the first multi-trillion dollar deficits in history. Increased Federal spending dramatically. Created an anti-business environment that made economic growth impossible.
10. George Soros - Backed the Democrat Party and pushed for irresponsible spending. Undermined the American Economy.
The so-called fiscal cliff is just the Democrat Party and the government “running out of other peoples money” to paraphrase Mrs. Thatcher. The fiscal cliff is just the irresponsible spending of the last several years becoming unsustainable.