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Old 12-06-2010, 01:49 PM
 
26,744 posts, read 17,358,131 times
Reputation: 10533

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September 2003 - In an interview with Tim Russert, VP Dick Cheney admitted that Bush Tax Cuts do NOT create jobs. In fact, Cheney admitted that 2.6 Million jobs were LOST between 2001-2003 under the "W" Tax Cuts.
Vice President Dick Cheney also admitted that the Bush Tax Cuts created:

* Dow Jones down 11%. * Unemployment rate up 49%. * $281 billion surplus now a $500 billion deficit. * Jobs, Net Loss of 2.6 Million.
Dick Cheney also admitted that the "W" Tax Cuts "account for 25% of the deficit."


Here is the transcript:
Vice President Cheney Admits Bush Tax Cuts do NOT create jobs
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Old 12-06-2010, 01:59 PM
 
69,372 posts, read 55,522,987 times
Reputation: 9363
Quote:
Originally Posted by sickofnyc View Post
September 2003 - In an interview with Tim Russert, VP Dick Cheney admitted that Bush Tax Cuts do NOT create jobs. In fact, Cheney admitted that 2.6 Million jobs were LOST between 2001-2003 under the "W" Tax Cuts.
Vice President Dick Cheney also admitted that the Bush Tax Cuts created:

* Dow Jones down 11%. * Unemployment rate up 49%. * $281 billion surplus now a $500 billion deficit. * Jobs, Net Loss of 2.6 Million.
Dick Cheney also admitted that the "W" Tax Cuts "account for 25% of the deficit."

Here is the transcript:
Vice President Cheney Admits Bush Tax Cuts do NOT create jobs
There isnt one quote in there of Cheney saying tax cuts do not create jobs..

And the 2001 tax cuts didnt create jobs because they werent designed too.. The 2003 tax cuts were designed to create jobs so you might want to discuss something a little more current than an interview in 2003..
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Old 12-06-2010, 02:03 PM
 
3,151 posts, read 3,141,126 times
Reputation: 1076
Nowhere in the transcripts does Cheney make an admission that tax cuts do not create jobs..another zero credibility thread based on lies...good lord..you people must be suffering from the Bush / Cheney Tourette Syndrome...how about focusing on the here and now...but that would be too painful since your liberal politicians are a bunch of failures...
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Old 12-06-2010, 02:10 PM
 
26,744 posts, read 17,358,131 times
Reputation: 10533
RUSSERT: The president [Bush] said in 2002 the Tax Cut would generate 800,000 jobs; In 2003, he said"be another Million jobs. None of that has happened. What has happened is the deficit is skyrocketing, over $500 Billion. You used to be a real deficit hawk.

CHENEY: I am a deficit hawk. The fact of the matter is, we've always made exceptions [regarding the deficit] for recession, national emergency, time of war.

Russert laid the facts out and Cheney did not argue or dispute the facts. Are you that obtuse not to realize that this was an admission of the facts??? But, most of all...we know that they never created jobs, so there really is no need for Republicans to insist that they do.

Last edited by sickofnyc; 12-06-2010 at 02:35 PM..
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Old 12-06-2010, 02:16 PM
 
31,385 posts, read 32,111,440 times
Reputation: 14896
Quote:
Originally Posted by sickofnyc View Post
RUSSERT: The president [Bush] said in 2002 the Tax Cut would generate 800,000 jobs; In 2003, he said"be another Million jobs. None of that has happened. What has happened is the deficit is skyrocketing, over $500 Billion. You used to be a real deficit hawk.

CHENEY: I am a deficit hawk. The fact of the matter is, we've always made exceptions [regarding the deficit] for recession, national emergency, time of war.

Russert laid the facts out and Cheney did not argue the facts. Are you that obtuse not realize that this was an admission of the facts??? But, most of all...we know that they never created jobs, so there really is no need for Republicans to insist that they do.
I vote obtuse.
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Old 12-06-2010, 02:16 PM
 
10,543 posts, read 12,017,413 times
Reputation: 2798
These unemployment rates (Where can I find the unemployment rate for previous years?) should make you a bit nostalgic.

2000 4.0
2001 4.7
2002 5.8
2003 6.0
2004 5.5
2005 5.1
2006 4.6
2007 4.6
2008 5.8
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Old 12-06-2010, 02:32 PM
 
Location: Southeast
4,296 posts, read 6,274,654 times
Reputation: 1445
Bush's tax cuts did not take effect until July 2003. The original 2001 cuts were scheduled to take place over a period of several years as not to compromise the deficit, the 2003 act moved the date up since the economy was still weak. So in September 2003, the tax cuts would only have been in effect for 2 months. Need I remind anyone that 2 months after Obama's stimulus bill took effect, the economy still shed 1.3 million jobs? Within 6 months of the 2003 tax cuts taking effect close to 700k jobs were added, in contrast to the 6 months after the stimulus bill where 3 million were lost.

Last edited by Frankie117; 12-06-2010 at 02:59 PM..
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Old 12-06-2010, 03:42 PM
 
Location: SARASOTA, FLORIDA
11,501 posts, read 13,433,449 times
Reputation: 4876
Quote:
Originally Posted by Rggr View Post
These unemployment rates (Where can I find the unemployment rate for previous years?) should make you a bit nostalgic.

2000 4.0
2001 4.7
2002 5.8
2003 6.0
2004 5.5
2005 5.1
2006 4.6
2007 4.6
2008 5.8
Todays is 9.8 and rising above 10 real soon under the Obama watch.

Bush had 52 consecutive months of job growth while Obama has 20 months of job losses.

Again the OP took one word and twisted it out of context.

To break the news to you I had 7 employees myself in 2000 and thanks to the cuts my business grew to a point when I had 27 employees picking up paychecks every Friday afternoon.

So I debunked your out of context because the tax cuts allowed me to spend money on employees instead of handing it to the government.

Thanks GW and all those people thank you for the nice paychecks for many years.
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Old 12-06-2010, 03:53 PM
 
26,744 posts, read 17,358,131 times
Reputation: 10533
Quote:
Originally Posted by Sunny-Days90 View Post
Todays is 9.8 and rising above 10 real soon under the Obama watch.

Bush had 52 consecutive months of job growth while Obama has 20 months of job losses.

Again the OP took one word and twisted it out of context.

To break the news to you I had 7 employees myself in 2000 and thanks to the cuts my business grew to a point when I had 27 employees picking up paychecks every Friday afternoon.

So I debunked your out of context because the tax cuts allowed me to spend money on employees instead of handing it to the government.

Thanks GW and all those people thank you for the nice paychecks for many years.
The tax cuts did not create jobs despite the info that your link provided...oh wait! You did not provide a link. But I'll sure as hell provide one...

10 Epic Failures of the Bush Tax Cuts

Disastrous Job Creation
Conservatives used to boast that under George W. Bush the United States enjoyed 52 consecutive months of job growth. Not, with the exception of Ed Gillespie, anymore.

On January 9, 2009, the Republican-friendly Wall Street Journal summed it up with an article titled simply, "Bush on Jobs: the Worst Track Record on Record." (The Journal's interactive table quantifies his staggering failure relative to every post-World War II president.) The dismal 3 million jobs created under President Bush didn't merely pale in comparison to the 23 million produced during Bill Clinton's tenure. In September 2009, the Congressional Joint Economic Committee charted Bush's job creation disaster, the worst since Hoover:

10 Epic Failures of the Bush Tax Cuts | Crooks and Liars
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Old 12-06-2010, 03:59 PM
 
Location: Bella Vista, Ark
72,014 posts, read 83,688,530 times
Reputation: 41810
Quote:
Originally Posted by sickofnyc View Post
September 2003 - In an interview with Tim Russert, VP Dick Cheney admitted that Bush Tax Cuts do NOT create jobs. In fact, Cheney admitted that 2.6 Million jobs were LOST between 2001-2003 under the "W" Tax Cuts.
Vice President Dick Cheney also admitted that the Bush Tax Cuts created:

* Dow Jones down 11%. * Unemployment rate up 49%. * $281 billion surplus now a $500 billion deficit. * Jobs, Net Loss of 2.6 Million.
Dick Cheney also admitted that the "W" Tax Cuts "account for 25% of the deficit."


Here is the transcript:
Vice President Cheney Admits Bush Tax Cuts do NOT create jobs
hello, that was 7 plus years ago!!!
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