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But that's not the question I asked, Conservative.
Essentially, I'm asked which is the correct economic stimulator based on Republican rhetoric because they've said BOTH what drive the economy. So, which is it? Tax cuts to the wealthy or incentives, i.e., tax cuts, tax credits or loans, to small businesses?
That's pure BS, if you don't know that you should. Tax cuts NEVER pay for themselves. NEVER!!!There is absolutely no proof that the Bush tax cuts created any deficit on the contrary the U.S. Treasury Dept shows that income tax revenue grew AFTER the rate cuts went into effect, July 2003. Too many people are buying into the liberal rhetoric and I don't get it.
That's pure BS, if you don't know that you should. Tax cuts NEVER pay for themselves. NEVER!!!
We get what we deserve. If we are stupid enough to borrow from our grandchildren to pay for non-essentials today, we deserve to have our grandchildren take away our social security and/or medical care or some other entitlement.
Tax and spend does not bother me, as long as we spend only the tax revenue. THAT is how it is supposed to work. We pay for services rendered, and a lot of services are rendered by all our levels of government.
Borrow and spend does bother me, a lot, especially when we are spending it stupidly. We didn't need to invade Iraq, and we aren't fighting the war on terror as we should. If we are going to kick butt, go in and kick butt, then leave and let them do the clean up and "rebuilding" of their government and economy.
And I especially find it distasteful to buy friends thru "foreign aid" programs.
I don't care if we have their respect. Forget who said it, but goes like this. Given a choice of fear or respect, we should prefer that our enemies fear us...
The GOP handed Obama a mess, and then we complain that he isn't cleaning it up fast enough.
I don't vote for DEMS on the federal level, but if the GOP can't come up with a candidate who has a backbone and will stand up to the "power behind the throne", I probably just won't vote at all.
As I recall the Democrats had control of the Congress in 2007 and even had control of the House before that so I am sick and tired of having this blamed on the Republicans. Too many civics challenged people here and buying of the liberal spin. What did the Democrats do after taking total control of Congress in 2007 to prevent the mess we have today?
You expect the DEMS to clean up the GOP mess in only a few years?
Would you have us believe that only the DEMS are responsible for deficit spending and increased debt?
The liberals I know personally don't complain about paying taxes, that is a Republican complaint.
How can a person call himself a conservative when he is in debt?
How can a party call itself conservative when it contributes to the debt problem instead of looking for a solution?
The GOP will increase the gap between the upper 2% and the rest of us as they always do. Other than that, they will be bumbling just as the Democrats have been. The time of statesmen and women are long gone, now we have fools dressed as and posing as brillant minds!
I don't get it, what mess, stock market was at 14000, 52 straight months of economic growth and job creation. Where do you get your information? I am convinced that you and others here are totally economically challenged. BEA.gov gives the answers but you and others refuse to go get the data preferring instead to be made fools of by the media.
That's a false statement. Close, but not true. 2 of the months under W. Bush there were net jobs lost, back-to-back in the summer of 2007. Under Bush, the US had the lowest net job creation of any president since Hoover! Less than 1 million compared to Clinton's 22.7 million and the worst years under Bush were before Democrats gained control of Congress. And I don't see how you could blame Obama for jobs being lost his first few months in office, that seems ridiculous to me. What policies of Obama's are you blaming?
If there was no GOP mess, why did Bush go forward with the first round of federal bailouts? What about the mortgage crisis? What about Federal spending? It seems like you're not very familiar with the data.
I don't get it, what mess, stock market was at 14000, 52 straight months of economic growth and job creation. Where do you get your information? I am convinced that you and others here are totally economically challenged. BEA.gov gives the answers but you and others refuse to go get the data preferring instead to be made fools of by the media.
There are lies, damned lies, and then there are statistics....Mark Twain
I worked in a statistics group for a year once, they make up a lot of the numbers as they go, and admit it. The goal is to get a conclusion that suits your goals. Right now the GOP has a site where they solicit questions and ideas from the public. Of course, they ignore all the input that doesn't suit their goals, but it sure seems like they want public input, right? The current situation belongs to both parties, but too many extreme right wing idiots are too arrogant to accept the blame for their part. The greedy and selfish among us don't want to pay their own way. They want their grandchildren to pay....
Probably a lot like your bank account, statistics, right? Income and expenses are made up, right? Unbelieveable how you and others ignore the checkbook of the United States, the U.S Treasury Dept that shows income tax revenue growing AFTER the Reagan and Bush tax cuts. Amazing how that checkbook lies, probably just like yours.
No matter how you spin it, the numbers at the U.S. Treasury Site and the Bureau of Economic Analysis paint a different picture of the Bush Administration than you and others. Amazing how those numbers were good enough during the Clinton Administration but during the Bush years they were all lies. What exactly changed in the way they report numbers?
MY bank account is plenty healthy, even after paying a LOT of taxes the last few years.
It takes money to run a government and we are the source of that money. That is a fact of life. Tax breaks create temporary gains, and permanent debt. If we don't learn to pay as we go, spending only the funds available, etc. then we will end up losing our place in world economics. I am pretty sure that both parties are the same, short term thinking and long term blindness determines their actions.
All I can do is what I am doing, helping my kids and grandkids get a good education so they have a better chance at employment. I keep telling them that nearly all politicians are liars, and only the truly gullible will listen to them. Problem is, most of the voting public is just that, gullible....
The far lefties, and far righties, are the lead liars, and the rest of the herd just believes the lies.
You miss the point entirely, the numbers I posted from the Treasury Dept ARE the bank account numbers for the U.S. How are those numbers manipulated?
Then you tell me that tax cuts are an expense. Where is that expense item in the Treasury Data, Let me help you, notice income tax revenue going up AFTER the Bush tax cuts of 2003. This is really frustrating as you seem somewhat intelligent. How can tax revenue grow after tax cuts and that increase in tax revenue increase the deficit? What causes permanent debt is spending, not tax cuts that grow revenue.
We have 16 million unemployed Americans today. How do you propose getting them employed, raising taxes? Do you have more money to spend on your kids when your taxes go up?
It does take money to run the govt, but we don't need a 3.8 trillion dollar govt. today and that is the Obama budget.
All this concern for govt. revenue and claiming that personal income from individuals paid to the govt. is an expense. Amazing lack of logic and common sense here.
Receipt 2009 2008 2007 2006 2005 2004 2003 2002
Individual Income tax 915.3 1,145.7 1163.5 1,043.9 927.2 808.9 793.7 858.3
Corporate Taxes 138.2 304.3 370.2 353.9 278.3 189.4 131.8 148.0
Total 1053.5 1,450.0 1533.7 1,397.8 1205.5 998.3 925.5 1006.3
Current Report: Combined Statement of Receipts, Outlays, and Balances of the United States Government (Combined Statement): Publications & Guidance: Financial Management Service
U.S. Department of Commerce. Bureau of Economic Analysis
If a Republican had this budget, you would be all for it.
The net job loss was at the beginning of the recession which interesting enough occurred AFTER the Democrats took Congress. Bush took office in a recession and left in a recession. There are always job losses during a recession. The dotcom bubble burst in 2000 leading the the recession Bush had when he took office, then there was that little thing called 9/11 that many don't seem to remember. It seems to me that liberals were so interested in gaining the WH that they didn't do their jobs preventing the financial crisis like Bush wanted in regulating Fannie and Freddie.
What so many don't seem to understand that it is Congress that makes the laws and spends the money, not the President. Civics doesn't seem to be a strong suit for many here. By the way I wasn't for the bailout but Obama was and Obama has put Bush spending on steroids. Still cannot get anyone here that continues to bash Bush to give me the actual Bush deficits vs. what Obama is generating with a Democrat Congress. Name for me any President in U.S. history that had trillion dollar deficits any time during their Administration.
Mustachio;1058915687]Much of what you're saying is mostly true but still misleading. For instance, the recession you're talking about began in March, 2001 -- months after Bush took office and with a Republican house and a split Senate. Between 2001 and 2006, what was the House doing to prevent the mortgage crisis? What was the White House doing to prevent it? You're telling me that 6 years of a split Senate and a Republican House can't be held responsible, but 2 years of a Democratic congress under a Republican president are solely responsible for our problems today? And then you blame Obama, a completely hypocritical statement after you've just been ranting about how the executive branch has nothing to do with our current economic state.
It's not wise to tell your opposition that they don't know the facts when you're not getting them right yourself. That whole 52 months of job gains crap is straight out of the RNC talking points playbook. Nobody spewing that garbage knows the data because they're rehashing information that came straight from the spin doctors. And the worst part of it is that after I just told you that it's not true that we had 52 straight months of net jobs created, you'll still go around telling people that it's true. Because you don't listen
I already told you that it was 50 out of 52 months, those two coming in 2007:
2007 146032 146043 146368 145686 145952 146079 145926 145685 146193 145885 146483 146173
They're right there. Your claim of 52 straight months is false, I already said it and you could have just said "you're right, I was wrong but my point is still generally true" but instead you're trying to say that you're still right and I'm still wrong. And every president since Hoover had jobs created under their administration. Carter's administration saw more jobs in one term than Bush in his two terms! I don't know what you're trying to say anymore.
1. I have a lot of problems with what Bush did and didn't agree with him on every issue but I know that he didn't cause the recession that some economists claim started in March 2001 as that is impossible.
2. Then those claim that his tax cuts caused the deficits is also a lie because the U.S. Treasury which is the checkbook of the United States shows income tax revenue increasing AFTER the tax rate cuts went into effect. How can any tax cut that grows revenue cause deficits?
3. Then there is the deficit, how can Obama blame Bush for a deficit that he helped create. He voted for the 2009 spending and since deficits are yearly and the fiscal year of the U.S. runs from October to September there is no way that Bush created a 1.3 trillion deficit in four months of operation.
4. I know that historians who aren't easily swayed by rhetoric will judge Bush a lot differently than partisans on either side and I believe that ranking will improve greatly with time and will be much, much better than many here think it will be. The objective results paint a different picture as I am pointing out.
5. Then there is Obama. I have absolutely no use for his economic policy or economic team of liberal elites who have never run a business, made a payroll, or been responsible hiring and firing decisions. Their version of economics is massive growth in the size of the govt. through massive spending. You cannot do that in a free enterprise economy until you convert it to the failed European model. The results speak for themselves and are going to get worse. 16 million unemployed Americans today and 3 trillion added to the debt. On top of that is the largest tax increase in history that will hit with obamacare. This empty suit is making Carter look good and I have no use for him or his policies. I don't buy the rhetoric, I prefer actual results.
ARGGGHHHH ok... gonna do this calmly... I do not have a problem with the fact that it was 50 months out of 52 months and I as I already said, the numbers you're talking about aren't what I'm calling into question. I'm calling into question:
A. the context of the numbers and
B. your implications about what the numbers mean
C. your ability to read and infer what i'm saying
I'm just going to number the things from your post to respond in a clear fashion
1. I agree that Bush did not cause the recession in 2001
2. Tax revenues increased because of economic growth. Whether or not Bush's tax cuts contributed to this growth is unclear. It's possible. However, tax revenues may (or may not) have been higher had Bush's tax cuts not been passed by congress. I've never heard anybody I hold in high esteem claim that the tax cuts "caused the deficit" which is a very strange statement in itself. I'm not sure who you're talking about or why somebody would want to simplify the discussion to that extent. Anyhow, if somebody told me that the tax cuts caused the deficit I would probably laugh at them.
3. I agree with you. Also remember, though, that if you look at the difference between the fiscal year and the actual time that each President resided, Bush's last year and Obama's first year in office resulted in nearly identical deficits.
4. I think Bush will be viewed slightly better but I still think he stunk and SHOULD shoulder a lot of the blame for the current recession/depression.
5. The problem with what you're saying is that you're blaming Obama for what's happening, and that's a gross over-simplification of the current economic situation. IMHO, the liberal model of progressive taxation works and the idea is getting money in the hands of middle class families, small businesses, and the lower class, who immediately spend that money and put it back into the economic which spurs growth. Unfortunately, America's status as an imperial power abroad, the war on drugs at home, and disgusting overspending on entitlements from health care to welfare negate so much of the good ideas of a progressive economy.
But look back at history, and at economic growth and jobs created. America's economy is not hinging on little partisan bickering. Tightening the ship and reforming the federal government's expenditures will not be the result of a partisan battle. I hope that clears up my position for you. We disagree, but whatever.
Bush didn't cause it? He and Cheney allowed the financial industry to be de-regulated. In the end, the recession was caused by Republicans helping Republicans make a profit at the expense of the American people.
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