Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Bush has been gone a while, or have you noticed. Get off of Bush, and please concentrate on this current administration and President, i believe we have our hands full with both~`~~~~
Oh....I don't know. I think the question is valid. The OP was curious as to why the massive tax cuts happened but we still had a great recession.
Tax cuts are usually the heart of any republican administration and the question has merit. As for Obama, all indicators show the recession is abating and even the rate of job loss is declining. Just as in a major illness, recovery is slow.
Bush has been gone a while, or have you noticed. Get off of Bush, and please concentrate on this current administration and President, i believe we have our hands full with both~`~~~~
Who was president most of the decade?
Or you also want to blame Obama for what happened the 8 years that Bush was president.
The massive tax cuts came after 9-11 to get spending going again.
Remember we had 9-11 and the dot com bust and both had their recoveries.
This new recession on top of recovering from the other ones is one too many to recover from.
We are over our heads in debt now from the last two recoveries and can't afford to go into debt to recover from this. Where do you think the saying came "spend our way into recovery?"
The U.S. stock market is wrapping up what is likely to be its worst decade ever. In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s.
It wasn't the tax cuts that caused our current problems. It was government meddling in the housing market (for one) forcing banks to make risky loans.
This has been discussed in many previous threads. Do we really need yet another?
Read about the CRA (Google it)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.