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| | |-+  are bush's tax cuts working?
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Author Topic: are bush's tax cuts working?  (Read 2143 times)
kfseattle
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« on: June 05, 2004, 09:05:42 am »
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This is a question about causality.  

Just because you do X, then Y happens, doesn't mean X CAUSED Y to happen.

Maybe Y is caused by some third variable.

So Bush keeps saying that his tax cuts are working, that they are what's helping the economy.

Do you buy it?  Is there a causal link?  Or is it nonesense?
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BRTD
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« Reply #1 on: June 05, 2004, 10:00:18 am »
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nope. it's just the economic cycle.
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PBrunsel
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« Reply #2 on: June 05, 2004, 10:01:56 am »
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Tax cuts worked under Ronald Reagan. Tax cuts do help the economy, but they are not the only variable that help the economy grow.
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zachman
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« Reply #3 on: June 05, 2004, 10:06:07 am »
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The tax cuts have had a negative effect, but the economy is clearing by it. I wonder if Bush can take credit for the tax cuts causing the recent good news. I'm waiting for interest rates to return to where they were in 2001 before I can call it a full recovery. 30 cents a month out of $1,700 makes me feel pretty depressed. I used to make a $1 a month off of about $800.
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« Reply #4 on: June 05, 2004, 02:27:56 pm »
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The American people are working. All Bush did is give them their money back.
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Storebought
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« Reply #5 on: June 05, 2004, 05:17:28 pm »
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Bush's tax cuts prevented the worldwide Oct 2000/Mar 2001 recession from becoming the Great Depression II after Sept 11th--a trillion dollar attack on our economy.

For that reason alone, Bush deserves massive credit.

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Lunar
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« Reply #6 on: June 05, 2004, 05:42:44 pm »
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Bush's tax cuts prevented the worldwide Oct 2000/Mar 2001 recession from becoming the Great Depression II after Sept 11th--a trillion dollar attack on our economy.

For that reason alone, Bush deserves massive credit.



There are so many variables its impossible to be so certain if the depression would have gotten worse or better due to the tax cuts.

Is the recovery in spite of Bush's economic policy or because of it?  Someone who advocates Kerry's "middle-class tax cuts" view might say that cutting taxes helped but he could have done so much more by cutting it for the right people.
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« Reply #7 on: June 05, 2004, 05:50:35 pm »
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Bush's tax cuts prevented the worldwide Oct 2000/Mar 2001 recession from becoming the Great Depression II after Sept 11th--a trillion dollar attack on our economy.

For that reason alone, Bush deserves massive credit.



There are so many variables its impossible to be so certain if the depression would have gotten worse or better due to the tax cuts.

Is the recovery in spite of Bush's economic policy or because of it?  Someone who advocates Kerry's "middle-class tax cuts" view might say that cutting taxes helped but he could have done so much more by cutting it for the right people.

Which would be true, if analysts hadn't repeated, over and over again during 2002, that only consumer spending was the only  sector of the economy not in complete contraction.  The lower middle class tax cuts helped slightly in this regard, but the tax cuts for the upper class/stinkin' rich were the real reasons why the economy didn't just collapse outright.
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