End of an Era: Tax Cuts Losing Steam on Capitol Hill

[AuH2O]

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.

Everyone has benefitted. Obviously rich people have benefitted-- if one person has $1,000, and another has $200, then a general gain of 10% makes $100 for the former and $20 for the latter.

However, that is the only way economic growth can function. If investors don't invest, fewer workers can work. While that means a "gap" exists, the alternative is for everyone to be poor, which explains why leftist economics are in decline almost everywhere in the world. Even Mexico.

[AuH2O]

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...

[AuH2O]

Bush's true failing has been allowing Congress to balloon spending. He doesn't even control the Federal Reserve, so you can't really give him credit or blame for their decisions. The tax cuts were good, but need to be accompanied by fiscal restraint.

[AuH2O]

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.