Why did Tax Revenue INCREASE.....AFTER The Bush, Reagan, and JFK Tax Cuts?

[Conservative]

The only way your point stands is if your point was that you don't understand what I said. I said the mid-point of a recession does not represent the beginning of "coming out" point in the recession."

NBER is the keeper of the economic data and the fact remains it ended according to NBER June 2009. Obama has made the recession worse yet people like you refuse to acknowledge it. I don't disagree that by so many standards we are still in a recession but the reality is "your" President is incompetent and the results show it. Only a true partisan hack can look at the conditions Obama inherited and the conditions Reagan inherited and call Obama's worse. "Never let a good crisis go to waste" is the Obama motto and that is what he is doing now and as long as he has people like you carrying water for him, he will get some mileage out of that motto.

 

[Conservative]

I didn't even notice he made such a ridiculous claim.

Holy ****.

:sinking:

Enjoy the music on a Friday, seems to say it all

YouTube - Obummer! by Christina Houston

 

[Sheik Yerbuti]

Following quote has been snipped to get to the point....



Good advice, though I chose not to take it as I am arguing with one of the biggest cult followers on this board.... but, I just had to take this guy to task on this UNIQUE view of the world......

First, sorry this took a few days to respond to, but, well, its hard to keep pace with Conservative's 17,000+ posts in the during the same time I have contributed a mere 1,000. Think about it, Conservative, you spend 17 hours here for every hour I spend. To my defense, I haven't had the time to devote to the education of mis-guided Regressives, such as yourself, as I have been busy actually creating jobs (and, like most job creators, I am not in the highest tax bracket as the new jobs I have created are in a start-up...and start-ups either lose money or are nominally profitable in their earlier years, but I am digressing) I am certain you are like most Regressives, have have no clue how jobs are actually created and who creates them. OTH, I see you have been privileged to spend even more time at your vacation home on Fantasy Island.

Anyway, your writings from Fantasy Island are always a treat. I must admit that your assertion that "....Obama took over in an economy coming out of recession...." had me rolling on the floor with laughter since Sunday. That may have been the biggest funny you have come up with since, well, telling me a year or so ago that their was no recession under George Bush. That was a truly unique take on what was going on in late 2008. Even Sean Hannity could not come up with such a profound conclusion that was so obviously contrary to the facts. Well done!

Of course, for the record the recession that formed under the Bush leadership was the deepest recession in almost 80 years. The economy was completely spiraling out of control. It was literally shrinking for 3 straight quarters, as opposed to simple recessions, like the one that Reagan tackled in 1981 or that Bush tackled in 2001 that were mere slowing of economic growth. The economy that WAS in recovery was the hand-off from Clinton to Bush.... but, I can understand your confusion.... those margaritas on Fantasy Island are very good.

Please don't take my word for it....try this:

Hey, did ya notice a trend in that chart?

1948: Truman
1953: Eisenhower
1957: Eisenhower
1960: Eisenhower
1969: Nixon
1974: Ford
1980: Carter
1981: Reagan
1990: Bush
2001: Bush
2007: Bush
​

Every single Republican president has led us into recession during their administration. Some even gave us multiple recessions.

 

[Conservative]

Hey, did ya notice a trend in that chart?

1948: Truman
1953: Eisenhower
1957: Eisenhower
1960: Eisenhower
1969: Nixon
1974: Ford
1980: Carter
1981: Reagan
1990: Bush
2001: Bush
2007: Bush
​

Every single Republican president has led us into recession during their administration. Some even gave us multiple recessions.

Every single Republican inherited conditions that led to a recession due to the slow action of the Congress in implementing their economic plan, a simple fact that you ignore.

Interesting that the economy became a Republicans day one but it still hasn't become Obama's 2 1/2 years after taking office. That isn't much of an argument but that is all liberals have.

 

[Sheik Yerbuti]

NBER is the keeper of the economic data and the fact remains it ended according to NBER June 2009.

Which, of course, is not what you said. You said we were already coming out of Bush's Great Recession in January of 2009. You're not "coming out" of a recession until it's hit its trough, which it didn't until June.

Obama has made the recession worse yet people like you refuse to acknowledge it.

WTF?? How did he make Bush's Great Recession worse? We are out of it.

:lamo

 

[Conservative]

Which, of course, is not what you said. You said we were already coming out of Bush's Great Recession in January of 2009. You're not "coming out" of a recession until it's hit its trough, which it didn't until June.


WTF?? How did he make Bush's Great Recession worse? We are out of it.


:lamo

You call it the Bush Great Recession yet ignore the Obama economic results today which are worse. The Obama results speak for themselves yet you ignore them. Amazing how this was the Bush economy day one when he took office but here we are 2 1/2 years later and it still isn't the Obama economy in the eyes of many so which is it? He made the recession worse by poor leadership and incompetence, by signing legislation that was forced through the Congress without reading it that put regulation burdens on the backs of the employers creating uncertainty. Interesting how little you seem to know about our economic system.

 

[Sheik Yerbuti]

Every single Republican inherited conditions that led to a recession due to the slow action of the Congress in implementing their economic plan, a simple fact that you ignore.

But of course. Republican presidents are economic geniuses. There's no way in hell they are responsible for the economy while they're president. :lamo Like Eisenhower, he certainly wasn't responsible for the economy in 1960. George Bush, he certainly wasn't responsible for the economy in 2008. :roll:

By the way, Republican presidents pre-date that chart, whcih only goes as far back to 1948. Go back even further in time and you would learn that every single Republican president ever elected gave us a recession with the one exception of James Garfield -- and the only reason Garfield eluded that grim distinction is because he was unfortunately shot just 4 months into his presidency. He wasn't president long enough to give us a recession.

Republican presidents and recessions go hand in hand.

Interesting that the economy became a Republicans day one but it still hasn't become Obama's 2 1/2 years after taking office. That isn't much of an argument but that is all liberals have.

No Republican inherited an economy in recession like Obama did.

 

[Sheik Yerbuti]

You call it the Bush Great Recession yet ignore the Obama economic results today which are worse. The Obama results speak for themselves yet you ignore them. Amazing how this was the Bush economy day one when he took office but here we are 2 1/2 years later and it still isn't the Obama economy in the eyes of many so which is it? He made the recession worse by poor leadership and incompetence, by signing legislation that was forced through the Congress without reading it that put regulation burdens on the backs of the employers creating uncertainty. Interesting how little you seem to know about our economic system.

Again, we are out of Bush's Great Recession. How on Earth does that make it worse? You realize you're saying being out of the recession is worse than being in it, don't you?

 

[mac]

No Republican inherited an economy in recession like Obama did.

Reagan did, but I agree....the countries economy is generally over-attributed to the President....good or bad.

 

[Sheik Yerbuti]

Reagan did.

The economy was not in recession when Reagan was sworn in.

 

[mac]

The economy was not in recession when Reagan was sworn in.

Are you unfamiliar with the stagflation of the Carter administration?

 

[Conservative]

But of course. Republican presidents are economic geniuses. There's no way in hell they are responsible for the economy while they're president. :lamo Like Eisenhower, he certainly wasn't responsible for the economy in 1960. George Bush, he certainly wasn't responsible for the economy in 2008. :roll:

By the way, Republican presidents pre-date that chart, whcih only goes as far back to 1948. Go back even further in time and you would learn that every single Republican president ever elected gave us a recession with the one exception of James Garfield -- and the only reason Garfield eluded that grim distinction is because he was unfortunately shot just 4 months into his presidency. He wasn't president long enough to give us a recession.

Republican presidents and recessions go hand in hand.


No Republican inherited an economy in recession like Obama did.

That is your opinion but you have been known to ignore the conditions at the time those Republicans took office, Keep spinning I have pointed out the economic conditions at the time but of course you ignored them. Keep spinning

 

[Conservative]

Again, we are out of Bush's Great Recession. How on Earth does that make it worse? You realize you're saying being out of the recession is worse than being in it, don't you?

You tell me if the economic results today are better or worse than when Obama took office? How many people believe we are out of the recession today?

 

[Conservative]

The economy was not in recession when Reagan was sworn in.

No, it wasn't but 19.33 Misery Index and 17.5 % interest rates set the stage for the booming economy in 1981-82. Keep ignoring economic conditions at the time.

 

[Sheik Yerbuti]

Are you unfamiliar with the stagflation of the Carter administration?

Not at all, but still, the economy was not in recession when Reagan was sworn in and nothing you say will change that fact.

 

[Conservative]

Not at all, but still, the economy was not in recession when Reagan was sworn in and nothing you say will change that fact.

19.33 Misery Index
17.5% Interest rates

Reagan had nothing to do with that. I anxiously await the economic policy that Reagan put into place that put us into recession?

 

[Sheik Yerbuti]

That is your opinion but you have been known to ignore the conditions at the time those Republicans took office

There has been a recession under every single Republican president except for Garfied, who I believe, served the shortest presidency in U.S. history. That is not my opinion, it's historical fact.

 

[Conservative]

There has been a recession under every single Republican president except for Garfied, who I believe, served the shortest presidency in U.S. history. That is not my opinion, it's historical fact.

Interesting that you ignore the conditions those Republican Presidents inherited and who they took over for. Please let me know what economic policy Reagan and Bush put into place that caused the recession you want to blame those Presidents for?

 

[Sheik Yerbuti]

You tell me if the economic results today are better or worse than when Obama took office? How many people believe we are out of the recession today?

First, let me quote you ....

"NBER is the keeper of the economic data..." ~ Conservative
​

Now you show me where NBER has declared we are in a recession?

 

[Sheik Yerbuti]

The economy was not in recession when Reagan was sworn in.

No, it wasn't but ...

Thanks for confirming my point. Here, let me repeat it ...

No Republican inherited an economy in recession like Obama did.

 

[Conservative]

There has been a recession under every single Republican president except for Garfied, who I believe, served the shortest presidency in U.S. history. That is not my opinion, it's historical fact.

Noticed a typical liberal debate tactic, Obama inherited the Bush mess but interesting enough there was no mess that Reagan or Bush inherited. Seems to be a pattern here, Democrats inherit, but not Republicans. Amazing how when Reagan took office the misery index immediately shot to 19.33, there was no unemployment, no poverty, booming economic growth but that changed on January 21, 1981. Same holds true of Bush.

 

[Sheik Yerbuti]

I anxiously await the economic policy that Reagan put into place that put us into recession?

Asked and answered.

 

[Conservative]

Asked and answered.

No, asked but you never answer anything. I already pointed out that the Reagan tax cut wasn't passed until August 1981 and yet the recession began in July. The tax cuts were the centerpiece of the Reagan economic plan so interesting that a tax cut being passed in August created a recession a month earlier. Cannot wait to hear how that happened.

 

[Sheik Yerbuti]

Noticed a typical liberal debate tactic, Obama inherited the Bush mess but interesting enough there was no mess that Reagan or Bush inherited. Seems to be a pattern here, Democrats inherit, but not Republicans.

I notice a tactic with you too ... you ascribe absurd positions to people which they don't make and then you attack them for the position you made up.

It's called a strawman argument and you do it all the time.

I never said the economy Reagan inherited was rosey. I said it wasn't in recession. You know that to be true but you don't like that since it means that Obama did indeed inherit the worst economy any president ever inherited except for FDR, so you find yourself in a position where you either have no choice but to agree, lie, or create a strawman. And agreeing with a Liberal is just not in you.

 

[Conservative]

I notice a tactic with you too ... you ascribe absurd positions to people which they don't make and then you attack them for the position you made up.

It's called a strawman argument and you do it all the time.

I never said the economy Reagan inherited was rosey. I said it wasn't in recession. You know that to be true but you don't like that since it means that Obama did indeed inherit the worst economy any president ever inherited except for FDR, so you find yourself in a position where you either have no choice but to agree, lie, or create a strawman. And agreeing with a Liberal is just not in you.

How can anyone say that 19.33 Misery Index and 17.5% interest rates causing people to throw their keys back at the bank not be a recession worse than what Obama inherited?