End of an Era: Tax Cuts Losing Steam on Capitol Hill (user search)
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  End of an Era: Tax Cuts Losing Steam on Capitol Hill (search mode)
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Author Topic: End of an Era: Tax Cuts Losing Steam on Capitol Hill  (Read 2190 times)
opebo
Atlas Legend
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Posts: 47,009


« on: July 09, 2006, 04:20:50 AM »

The economy has grown by 20% since 2003. Tax cuts are a big part of that, because so much money has been invested in new enterprise or in existing small business.

Dont forget the fact that the fed went on interest rate slashing spree post 9/11.  With interest rates at .5% its pretty hard for the economy not to grow.

Aha, but it was not accompanied by significant inflation. If keeping rates low came with no side effects, they would always be low.

It's curious, in general, that Clinton was praised for presiding over a good economy but, now that Bush is doing to same, he receives minimal credit. I think Presidents are overrated in terms of their influence on the economy, but what's good for the goose...

The economy was not particularly good for the vast majority under either president, but at least under Clinton a small percentage of the 'growth' trickled down to the working class.  Under Bush virtually non has.  The reason?  Inadequate job growth/wage increases.
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opebo
Atlas Legend
*****
Posts: 47,009


« Reply #1 on: July 16, 2006, 07:42:10 AM »

You seem more moderate since taking a break from the forum.  Where is the old AuH2O?

Oh I'm here. But I have to be smart. Over the top statements can cause problems, unless you make a living off them (i.e. Coulter-- not that she's wrong necessarily). There are 2 ways to influence: involvement and money (and obviously they are not mutually exclusive). I'm going to be in DC and I'm going to be a securities lawyer. So the ingredients will be there.

Now, I'm not going to get my way just by being a Republican donor and function-attender. But maybe I can nudge things just a bit. No sense in limiting my influence by making myself vulnerable.

Oh please, you ridiculous megalomaniac, lighten up!  One anonymous attourney-worker does not influence anything.  Try to remember, in future, that you, are a nobody, and that the system itself is not amenable to such as you.  If it were would it have survived so perfectly?
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