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Old 12-22-2009, 10:28 PM
 
Location: Arizona
13,778 posts, read 9,623,595 times
Reputation: 7485

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Quote:
Originally Posted by california-jewel View Post
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.
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Old 12-23-2009, 08:24 AM
 
18,054 posts, read 25,128,712 times
Reputation: 16760
Quote:
Originally Posted by california-jewel View Post
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.

Clinton 1 year, Bush 8 years, Obama 1 year
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Old 12-23-2009, 08:29 AM
 
Location: Marion, IA
2,793 posts, read 6,108,874 times
Reputation: 1613
Well we're getting our taxes raised by an enormous amount next year. Is 2011 gonig to be a banner year?
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Old 12-23-2009, 08:45 AM
 
18,054 posts, read 25,128,712 times
Reputation: 16760
Quote:
Originally Posted by zz4guy View Post
Well we're getting our taxes raised by an enormous amount next year. Is 2011 gonig to be a banner year?
That's called "end of Bush's tax break" that sent us into a recession,
next decade should be much better than this one.
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Old 12-23-2009, 11:28 AM
 
Location: OB
2,404 posts, read 3,939,536 times
Reputation: 879
Quote:
Originally Posted by shorebaby View Post
Don't take it so seriously, this is a troll thread.
Amen - couldnt have said it any better without incurring an infraction.
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Old 12-23-2009, 12:14 PM
 
18,054 posts, read 25,128,712 times
Reputation: 16760
Quote:
Originally Posted by mossomo View Post
Amen - couldnt have said it any better without incurring an infraction.
Criticize "Our leader Bush" = troll
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Old 12-23-2009, 12:19 PM
 
Location: Great State of Texas
86,052 posts, read 84,230,301 times
Reputation: 27718
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?"
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Old 12-23-2009, 12:25 PM
 
45,321 posts, read 26,891,951 times
Reputation: 23699
Tax cuts increase money for government use.

It's the spending. Doesn't matter if it's left or right. Stop spending the money.

Repealing the tax cuts will only reduce the incentive to be productive.
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Old 12-23-2009, 03:26 PM
 
18,054 posts, read 25,128,712 times
Reputation: 16760
Quote:
Originally Posted by DRob4JC View Post
Tax cuts increase money for government use.

It's the spending. Doesn't matter if it's left or right. Stop spending the money.

Repealing the tax cuts will only reduce the incentive to be productive.
I agree, but that doesn't answer my question.

I'm always being told "Tax cuts make the economy grow"
Why is it that in George Bush's 6th year in the power we went into a recession?
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Old 12-23-2009, 04:09 PM
 
Location: NE Ohio
30,421 posts, read 20,221,469 times
Reputation: 8958
Quote:
Originally Posted by Dopo View Post
I always hear republicans preaching:
"Lower taxes and the economy will grow"

Why is it that George Bush gave tax cuts and the economy went into recession in December of 2007, 1 year before he was out of office?


For Stocks, the Worst Decade Ever (2000-2009) - WSJ.com

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)
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