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This is one of the reasons President Clinton had a booming economy. He raised taxes on the wealthy. Rather than pay the higher tax rate by extracting profits for personal use and having it sit on the sidelines, they re-invested it, creating a chain reaction of jobs.
What we are seeing today is lower taxes leading to owners extracting money rather than reinvesting it. The cash sits on the sidelines in bank accounts, or in their wallets. So let’s raise taxes, and “force” this idle cash back into businesses for reinvestment and create the jobs this country needs.
Anybody that has a brain or not in absolute denial knows that this is the case, but admitting it means admitting that the GOP/Tea/Neocon Party is filled with crooks and liars.
Anybody that has a functioning brain or not in absolute denial knows that this is the case, but admitting it means admitting that the GOP/Tea/Neocon Party is filled with crooks and liars.
Anybody that has a brain or not in absolute denial knows that this is the case, but admitting it means admitting that the GOP/Tea/Neocon Party is filled with crooks and liars.
You can raise taxes during a booming economy, and can get away with it, because profits are being made. 0bama wants to raise taxes during an economy that is as bad as the Great Depression.
Yes well many Republicans still cling to the illusion that Reagan's "trickle down" theory was responsible for the economic boom in the 80s, when in reality it was attributable to the effects of Carter's policies kicking in. So I agree, many Republicans are in denial.
Anybody that has a brain or not in absolute denial knows that this is the case, but admitting it means admitting that the GOP/Tea/Neocon Party is filled with crooks and liars.
Clinton had a booming economy because he came into office as a recession was ending. He reduced spending after the Republicans who took over Congress in 1994 forced him to do so. After that, consumer confidence skyrocketed. It may have continued if he hadn't signed NAFTA and the China Trade Act of 2000, repealed Glass Steigal and left mortgage backed securities unregulated on advice of Summers and Rubin..
Clinton had a booming economy because he came into office as a recession was ending. He reduced spending after the Republicans who took over Congress in 1994 forced him to do so. After that, consumer confidice skyrocked. It may have continued if he hadn't signed NAFTA and the China Trade Act of 2000.
So did Bush. And while the recession ended in Nov 2001, the economy really never recovered, and while housing boom helped for couple of years, the house of cards collapsed like never before in decades.
But then, you'd think that Clinton's policies would have had an adverse effect on growth as opposed to y'all having to come up with excuses?
So did Bush. And while the recession ended in Nov 2001, the economy really never recovered, and while housing boom helped for couple of years, the house of cards collapsed like never before in decades.
But then, you'd think that Clinton's policies would have had an adverse effect on growth as opposed to y'all having to come up with excuses?
Correct. But if you don't want to see actual job growth, the actual wage growth, the world of denial is all you need. Next, you might claim that the economy under Bush was far better than it was under Reagan's first term since the unemployment rate then was well over 7% (and over 9% for couple of years). Try it.
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