The Bush Tax Cuts Didn't Work

[John Manning]

Bruce Bartlett rounds up economic research showing that
the tax cuts passed by President George W. Bush from 2001
to 2003 failed to meet even the administration’s promised results.

“This initiative originated with the economist
R. Glenn Hubbard, who had been chairman of the Council
of Economic Advisers when the proposal was sent to Congress…

Mr. Hubbard had also spearheaded enactment of big tax cuts
in 2001 and 2002 that he said would jump-start the American economy…

There is no evidence that the tax cut had any such effect…
Hence the need for yet another big tax cut.”

“The idea of the 2003 legislation was to raise dividend
payouts, thereby bolstering personal income, and raise the
prices of common stock, which would improve household balance
sheets…

Subsequent research, however, found that the increase
in dividends was a short-term phenomenon and mainly at
companies where stock options were a major form of
executive compensation.”

“It is hard to find even a reputable conservative economist
willing to say anything good these days about President Bush’s
tax and economic policies.”

~~ Full article here:
http://economix.blogs.nytimes.com/2013/05/21/the-bush-tax-cut-failure/

[Truth and honesty]

On Sat, 25 May 2013 15:52:15 -0300, John Manning wrote:

> Bruce Bartlett rounds up economic research showing that
> the tax cuts passed by President George W. Bush from 2001
> to 2003 failed to meet even the administration’s promised results.

Under Bush people had jobs.

[Dakota]

Thanks to Bill Clinton, they did when Bush II took office. After Bush
spent eight years destroying the economy, along with America's
reputation, jobs were becoming scarce. That trend is turning around
thanks to President Obama and despite the obstructionist policies of
the Tea Party Republicans.

[Jeanne Douglas]

In article <1qwp08kk6jrjd.4...@40tude.net>,

Truth and honesty <Tr...@honest.com> wrote:

> On Sat, 25 May 2013 15:52:15 -0300, John Manning wrote:
>
> > Bruce Bartlett rounds up economic research showing that
> > the tax cuts passed by President George W. Bush from 2001

> > to 2003 failed to meet even the administrationĒs promised results.

>
> Under Bush people had jobs.

Until he destroyed the economy.

--

JD

"Osama Bin Laden is dead and GM is alive."--VP Joseph Biden

[Don Kresch]

On Sun, 26 May 2013 03:20:52 -0500, Dakota <ma...@NOSPAMmail.com>
scrawled in blood:

>On 5/26/2013 2:47 AM, Truth and honesty wrote:
>> On Sat, 25 May 2013 15:52:15 -0300, John Manning wrote:
>>
>>> Bruce Bartlett rounds up economic research showing that
>>> the tax cuts passed by President George W. Bush from 2001
>>> to 2003 failed to meet even the administration’s promised results.
>>
>> Under Bush people had jobs.
>>
>Thanks to Bill Clinton, they did when Bush II took office.

Thanks to the bubbles created by the federal reserve, which
burst. And then you whined that it was all just Bush (when it wasn't
all--it was part)

> After Bush
>spent eight years destroying the economy, along with America's
>reputation, jobs were becoming scarce. That trend is turning around

No, it isn't.


>thanks to President Obama

If it is turning around, it's in spite of Obama/Bush/Clinton.
Tell me: have you seen the new housing bubble created by Bernanke? How
are you going to blame this housing bubble on Bush? I know you're
going to try, so how will you do it? It's quite impossible to put the
blame on Bush, so you're going to need to put the blame where it
really belongs: the federal reserve. You will need to be HONEST,
though I know that you're loathe to be such. You, and the rest of the
theists/statists, are incapable of honesty.

>and despite the obstructionist policies of
>the Tea Party Republicans.

Oh, so obstructionism is only bad when the OTHER party does
it. Gotcha.

Fucking hypocrite.


Don
aa#51, Knight of BAAWA, Jedi Slackmaster
Praise "Bob" or burn in Slacklessness trying not to.