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MSNBC Ed Schultz:”Bush cut taxes for the rich in 2000 and everything went bad”(April 19+20,2011)
MSNBC The Ed Show April,19+20, 2011 | April 22, 20100 | sickoflibs

Posted on 04/22/2011 7:54:35 AM PDT by sickoflibs

This week Ed Schultz has been giving a interesting view of history of the Bush Clinton years. According to Ed things were just rosy in 1999 under Clinton; and then in 2000 GWBush took over he cut taxes THAT YEAR and revenue took a dive (immediately) and the jobs fled overseas.

This is a great vindication story if you are a liberal (progressive) watching MSNBC, except there is big a problem. The much derided ‘Tax cuts on the wealthy” didn’t go into effect until 2003 after the ‘Jobs and Growth Tax Relief Reconciliation Act of 2003’ was passed. Unfortunately that doesn’t support Ed’s narrative’s timeline showing the economy diving in 2000 because of the Bush tax cuts 'on the rich'.

More idiotic, to support this fairytale Ed tells his viewers that Bush was president and cut taxes in 2000. The presidential election was in November 2000. Don’t they remember their Gore Florida recounts in late 2000? Don’t they remember the SCOTUS decision Bush v. Gore (December 2000)? Don’t his liberal viewers even remember themselves claiming Bush was ‘Selected not elected’ in 2000? Then how can they swallow a story that is based on GWBush having to be president and cut taxes in 2000?

Ed Schultz:

Well, here comes President Bush. President Bush comes in here in the year 2000 and look at this. He says, you know what? …….. In 2000, here come the tax cuts. Here come the tax cuts right here. And what do we have right after 9/11 and right after the tax cuts? We have a dip in revenue—….. So, then, we keep on going through the Bush years and the revenue starts to come back a little bit but the spending just keeps going…
The Ed Show for Tuesday, April 19th, 2011

and Ed Schultz again:

Take a look at this chart. Because this is where America is right now and this is where we have been, our road map that we have followed for the last 10 years. Let‘s go back to 1999(the Clinton good years).
Let‘s follow the line here.
Well, in 1999, it was Bill Clinton. Then, of course, in 2000(under no good Bush), here we go with the red line. We‘re starting to push jobs overseas to other emerging markets.
And then, of course, after the Bush tax cuts went in. Where did the revenue go? Where did the job creation go? The job creation went down, after all these big tax cuts were put into effect.
And the jobs went overseas.
The Ed Show for Wednesday, April 20th, 2011


TOPICS: Business/Economy; Government; Humor; Politics
KEYWORDS: edschultz; msnbc
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Holy crap. I actually saw him say this stuff and had to look for the transcripts.
1 posted on 04/22/2011 7:54:38 AM PDT by sickoflibs
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To: sickoflibs

LEAVE BARACK ALOOOOOONE!


2 posted on 04/22/2011 7:57:11 AM PDT by TigerClaws
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To: sickoflibs

And those nice muslims only tried to HELP us by destroying those evil capitalist twin towers and Bush deserved it.


3 posted on 04/22/2011 7:57:53 AM PDT by Mr. K (this administration is WEARING OUT MY CAPSLOCK KEY~!! [Palin/Bachman 2012])
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To: sickoflibs

The entire lib/Dem/socialist/0dumboite conglomeration has gone nuts. I have never seen such vile hateful lying rants as I have the past 2 months.
These people, from 0dumbo on down are saying anything and everything they can to paint conservatives/ Republicans as evil people.
and still 0dumbo’s approval ratins drop
so hopefully most people aren’t buying it


4 posted on 04/22/2011 7:57:53 AM PDT by RWGinger
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To: sickoflibs
...in 2000 GWBush took over he cut taxes THAT YEAR and revenue took a dive (immediately) and the jobs fled overseas.

A) GWB didn't take over until 2001, but we'll let that one slide.

B)If all the jobs fled overseas, how did we end up with a 4.5% unemployment rate?

C) What's an Ed Schultz?

5 posted on 04/22/2011 7:58:37 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: RWGinger

The difference is that 10 years ago ALL the nedia wold have been on the same page and this narrative is all we would have head.

Now we have FOX news and the internet and (THAK GOD)Free Republics (have you donated?)

So they are getting shrill and frantic because they no longer control the dialog


6 posted on 04/22/2011 7:59:52 AM PDT by Mr. K (this administration is WEARING OUT MY CAPSLOCK KEY~!! [Palin/Bachman 2012])
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To: sickoflibs

Schultz is right.

Bush did cut taxes.

Everything did go bad.

Problem with his reasoning is that the two facts are not related.

Cutting taxes had nothing to do with bringing down the World Trace Center or escalating the War on Terror.


7 posted on 04/22/2011 8:00:16 AM PDT by Jedidah
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To: sickoflibs
Kennedy, Reagan & GW Bush all cut taxes and the economy flourished.

I guess history is an an anathema to the left?

8 posted on 04/22/2011 8:00:27 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: sickoflibs

Let’s see. In 2008 I had a good job that I had held for seven years, large 401K, sports car and some nice guitars for fun.

Today, my 410K is largely gone due to a year of unemployment and my new job pays half what I made and 0 benefits. Also gone are my sports car and guitars except the cheapos.

FU Ed.


9 posted on 04/22/2011 8:03:00 AM PDT by doodad
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To: sickoflibs

The depression started in August of 2000 during Clinton’s watch. There were massive layoffs and companies crashing. The liberal media tried to not report it all until Bush took office, then they reported every sadsack they could get the cameras in front of.


10 posted on 04/22/2011 8:03:23 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Mr. K

dammit... head = heard


11 posted on 04/22/2011 8:03:23 AM PDT by Mr. K (this administration is WEARING OUT MY CAPSLOCK KEY~!! [Palin/Bachman 2012])
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To: Kaslin; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; rabscuttle385; mkjessup; ...

Back when Ed was on at 6pm EST there was this one liberal black lady at the gym who would watch The Ed Show (on one of the TVs) every night while he would be ranting about how all Republicans and Tea Party activists are racist and hurt the ‘working man’ and how Obama was making everything better.

Checkout the above post.


12 posted on 04/22/2011 8:03:48 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs
Democrats are absolutely shameless about distorting economic reality.

Consider that during the election cycle of 1992, George Bush the elder lost his job after Bill Clinton hammered him relentlessly for having caused the “worst economy of the last 50 years.” But in fact, as CNN’s Brooke Jackson has reported: “Three days before Christmas 1992, the National Bureau of Economic Research finally issued its official proclamation that the recession had ended 21 months earlier. What became the longest boom in U.S. history actually began nearly two years before Clinton took office.”

Clinton is generally perceived as having a stellar economic record during his own presidency, in spite of the fact that the economy was already starting to decline during the last year of his term after the stock market crashed in March 2000. According to a 2003 report by MSNBC: “The longest economic expansion in U.S. history faltered so much in the summer of 2000 that business output actually contracted for one quarter, the government said Wednesday in releasing a comprehensive revision of the gross domestic product. Based on new data, the Commerce Department said that the GDP — the country’s total output of goods and services — shrank by 0.5 percent at an annual rate in the July-September quarter of 2000.”

When GW Bush correctly warned the American voters about the nation’s declining economic performance during the 2000 presidential campaign, the same Democrats who had loudly criticized his father for “the worst economy in fifty years” had no problem at all accusing him of “talking down the economy.”

13 posted on 04/22/2011 8:06:32 AM PDT by Maceman (Obama -- he's as American as nasi goreng)
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To: sickoflibs

They seem to forget all the people Bush took off the tax rolls...made me mad at the time.


14 posted on 04/22/2011 8:16:23 AM PDT by dalebert
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To: sickoflibs
Bush inherited a recession from Clinton which was triggered in part by the Dot.Com bust in 1999. This recession was exasperated by the 9/11 attacks on New York's financial district and didn't end until after Bush signed the tax cuts into law. Clinton and HUD secretary Andrew Cuomo helped create the current crisis by lowering lending standards at Fannie Mae/Freddie Mac and placing Franklin Raines and Jamie Gorelick on the board. Raines fabricated number gains for the institutions to increase annual bonuses for himself and the board. This criminal fraud also had the effect of forestalling public awareness that Fannie and Freddie were insolvent.

I won't call Schultz a liar because he is dumb enough to believe what he is saying.

15 posted on 04/22/2011 8:16:45 AM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: sickoflibs

If stupidity hurt, Schultz would have to go through life on a morphine drip.


16 posted on 04/22/2011 8:16:51 AM PDT by reagan_fanatic (A communist is just a liberal in a hurry)
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To: sickoflibs
even better, its the 'economically stupid' toons' era, that everything was money built on...nothing... but paper and imagination...

for everybody that made money, many more got the screw of a lifetime, then moreso when the house of cards began to collapse...

17 posted on 04/22/2011 8:19:08 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: CodeToad; Maceman
RE:” The depression started in August of 2000 during Clinton’s watch. There were massive layoffs and companies crashing. The liberal media tried to not report it all until Bush took office, then they reported every sadsack they could get the cameras in front of.

No, Progressive Ed clearly says that Bush was president and cut taxes on the rich in 2000, that is what caused that 2000 recession. Things were great under Clinton his last year in office 1999 :)

MSNBC is obsessed with polls showing Republicans as Birthers, maybe we need a poll asking Democrats what year Bush took office and then what year taxes were cut.

18 posted on 04/22/2011 8:22:31 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs

I hope someone reminded Ed that, during most of Bush’s presidency, the economy was very good. In Jan. 2007, Democrats regained control of both houses of Congress. Later, that year, a recession started.


19 posted on 04/22/2011 8:22:31 AM PDT by PhilCollins
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To: sickoflibs

Oh, that’s right! I forgot. Bush took office by August of 2000 and the liberals warned him not to make those tax cuts for the rich white guys.


20 posted on 04/22/2011 8:24:01 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: sickoflibs

Poor Ed. I guess he stayed drunk all through Clinton’s dot-com boom/bust


21 posted on 04/22/2011 8:24:44 AM PDT by muir_redwoods (Obama. Chauncey Gardiner without the homburg.)
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To: PhilCollins
RE :”I hope someone reminded Ed that, during most of Bush’s presidency, the economy was very good. In Jan. 2007, Democrats regained control of both houses of Congress. Later, that year, a recession started.

Maybe ED’s timeline says that Bush was only president in 2000-2002 and 2007-2008 with Clinton in the middle during the housing bubble runup where things seemed good. That would work for his story.

22 posted on 04/22/2011 8:27:20 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs

They have no alternatives then to continue to spout their horse droppings to the mostly ill informed general public.


23 posted on 04/22/2011 8:31:30 AM PDT by Marine_Uncle (Honor must be earned....Duncan Hunter Sr. for POTUS.)
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To: CodeToad
RE :”Oh, that’s right! I forgot. Bush took office by August of 2000 and the liberals warned him not to make those tax cuts for the rich white guys.

YES, and cutting taxes in 2000 was the sole cause of Obama’s deficits in 2009-2011, well just the tax cuts on the rich anyway, maybe. The ones on the middle class may be OK and not caused deficits, not sure...

In any case Ed says it's not Obama's fault, it's Bush's.

24 posted on 04/22/2011 8:32:26 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: CodeToad

They exalt Clinton because the Dow and Nasdaq flourished. But when the Nasdaq tanked in 2000, it disappeared down the memory hole. If Slick Willy was responsible for the Dow rise, he was also responsible for the Nasdaq crash. In reality, he was responsible for neither. He just happened to be in office when the events occurred. It was mostly the Pubbie congress that forced Clinton’s hand. The tax cuts for capital gains wouldn’t have happened without a Pubbie majority. One thing we can blame Slick Willy for is the housing bubble and crash. Without the extortion by the justice department on lending institutions, the housing debacle would have been a lot less severe.


25 posted on 04/22/2011 8:34:55 AM PDT by driftless2 (For long-term happiness, learn how to play the accordion.)
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To: sickoflibs

http://www.youtube.com/watch?v=hmmrCPXxA1M
Mr. Ed begs for an apple.


26 posted on 04/22/2011 8:37:02 AM PDT by tumblindice
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To: sickoflibs

Ed is stuck on stupid. MSNBC just doesn’t have that entertainment value it did before they canned Olbermann.


27 posted on 04/22/2011 8:41:56 AM PDT by ozzymandus
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To: Marine_Uncle; ding_dong_daddy_from_dumas; Liz; Gilbo_3; NFHale; Impy; GOPJ
RE :”They have no alternatives then to continue to spout their horse droppings to the mostly ill informed general public.

True, of course the problem they have is that ‘ill informed’ independents tend to blame everything bad on the president, and McCain isnt president, Obama is.

A very bad economy is not going to help liberals get-out-the-vote without lots of demonization. Expect lots more ‘unions-workers-rights-threatened’, ‘middle-class-held-down-by-rich’, ‘hispanics-kept-in-shadows-by-racist- Republicans’ themes coming up in 2012. The adult in the room Obama will explain it all and how he will bring us all together with green energy.

28 posted on 04/22/2011 8:43:22 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: sickoflibs
If memory serves me correctly (and I was trying to rearrange my stocks and bonds and considering early retirement in 2000), the recession was here before GWB was sworn in and the market bottomed out in March 2000. AND also there was no mythical Klintoon surplus.

The Myth of the Clinton Surplus

The Myth of the Clinton Surplus, Part II
29 posted on 04/22/2011 8:43:52 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: sickoflibs
It's time to scrap the code and go to the flat tax, or the "Fair" tax.

We're all getting pretty weary of over 40% of the people paying NO tax, and the tax we pay going to subsidize their hideous lifestyles.

The FLAT or FAIR tax would equalize things a lot better...and probably bring in much more revenue.

It is not the place of the rich to support the rest of us.
30 posted on 04/22/2011 8:44:33 AM PDT by FrankR (Liberals Don't Have Scruples, Judgement or Morals...only MOTIVES.)
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To: sickoflibs
We can stop ALL the class warfare arguments of the left by only voting for candidates that support an unencumbered Balanced Budget amendment, a term limits amendment, a repeal the 16th Amendment while replacing it with a Fair Tax amendment with NO DEDUCTIONS FOR ANYTHING OTHER THAN MORTGAGE INTEREST AND CONTRIBUTIONS FOR NON POLITICAL ENTITIES. We have got to get control of Congress (both houses) with a veto proof majority to roll back 70 years of persistent creeping Socialism.
31 posted on 04/22/2011 8:47:34 AM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER than a TEA BAGGEE.)
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To: RWGinger

Right!
The current tax rates are courtesy of Barry, Harry, and Nancy. But don’t try to tell the ‘progressives’ different.
Considering what’s been going on, it’s a wonder that the Makers even consider getting out of bed in the morning.
I say this country was built on Tax avoidance. Let the games begin. My money’s on the most innovative. (Let the corrupt, evaders go to jail. I wrote a big check on April 18!)


32 posted on 04/22/2011 9:06:11 AM PDT by griswold3 (Character is destiny)
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To: sickoflibs

Actually, everything didn’t start going bad until 2006, when the Dems took control of Congress.

- JP


33 posted on 04/22/2011 9:11:57 AM PDT by Josh Painter ("The only thing these 'investments' will get us is a bullet train to bankruptcy." - Palin)
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To: sickoflibs

Sounds like olD Ed is busy channeling Josef Goebbels again.


34 posted on 04/22/2011 9:25:06 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: sickoflibs

Ed is like a blind pig stumbling around until it almost finds an acorn. He’s on to something here but it isn’t what he thinks it is. Bush cut taxes for the middle class in 2001 and it reinforced a problem that has been going on for several decades. Lots of benefits not just to the poor, but also to the middle class, with most of the tax burden on the rich. The middle class is not forced to choose between taxes and spending. They can have it all with the way our tax code has been amended.


35 posted on 04/22/2011 9:34:44 AM PDT by Opinionated Blowhard ("The time will come when Winter will ask you what you were doing all Summer" -- Henry Clay)
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To: sickoflibs; stephenjohnbanker; TommyDale; Condor51; indylindy; Marine_Uncle; ...
2012 Obama will concentrate on tried and true progressive themes-----‘unions-workers-rights-threatened’, ‘middle-class-held-down-by-rich’, ‘hispanics-kept-in-shadows-by-racist-Republicans,’ etc.............

Except that progressive Ohaha is a huge bust-----and all of Ohaha's 2008 coalitions are falling by the wayside.

Even Oprah won't endorse him for fear that will decimate her cable network viewership. It's been said her 2008 endorsement and fund raising for him ended her 25-year talk show reign.

And who could forget the spectacle of Oprah stupidly accompanying M/M Omao and the Chicago crowd to Copenhagen for the failed Olympic bid?

Another BIG PLUS is Teddy Kennedy is not around to run defense for him---and that group will never forgive Obama for royally screwing up Carolyn becoming a Senator.

36 posted on 04/22/2011 9:57:36 AM PDT by Liz (A taxpayer voting for Obama is like a chicken voting for Col Sanders.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks sickoflibs.
More idiotic, to support this fairytale Ed tells his viewers that Bush was president and cut taxes in 2000.
Ed can't get more idiotic, but it is equally idiotic to the other shrill shilling that he does.


37 posted on 04/22/2011 10:13:00 AM PDT by SunkenCiv (Thanks Cincinna for this link -- http://www.friendsofitamar.org)
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To: dalebert
Drunk Ed knows what he's doing. He knows he's a liar, just like Randi Rhodes. They are playing to a group of haters, hoping to keep up some ratings so they don't have to get a real job. Neither cares a wit for truth, the Country, doing anything positive. They are like an arsonist, light a fire just to watch it burn, they want to burn it all down. Just pissed off, all of their theories have gone down in flames and they know it
38 posted on 04/22/2011 10:20:57 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: Texas Eagle

C) What’s an Ed Schultz?

A type of parasit dung beatle larva.


39 posted on 04/22/2011 10:48:47 AM PDT by S.O.S121.500 (That Kenyan bastard is not my president. ENFORCE the Bill of Rights.)
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To: S.O.S121.500

parasit = parasite


40 posted on 04/22/2011 10:52:36 AM PDT by S.O.S121.500 (That Kenyan bastard is not my president. ENFORCE the Bill of Rights.)
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To: SunkenCiv

They’re too busy making up lies to keep the facts straight.


41 posted on 04/22/2011 12:53:57 PM PDT by TheOldLady
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To: sickoflibs

Standard issue stuff.


42 posted on 04/22/2011 1:24:29 PM PDT by Marine_Uncle (Honor must be earned....Duncan Hunter Sr. for POTUS.)
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To: Liz

Interesting observations. One can only hope the hordes that put him in office will stay home the next time around.


43 posted on 04/22/2011 1:34:55 PM PDT by Marine_Uncle (Honor must be earned....Duncan Hunter Sr. for POTUS.)
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To: sickoflibs

The problem with Ed, a lot of the media, and most of the Politicians is that none of them understand Econ 101 and don’t want to.


44 posted on 04/22/2011 1:37:40 PM PDT by Captain Peter Blood (.)
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To: sickoflibs

The problem with Ed, a lot of the media, and most of the Politicians is that none of them understand Econ 101 and don’t want to.


45 posted on 04/22/2011 1:37:52 PM PDT by Captain Peter Blood (.)
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To: sickoflibs
I can't say anything about Ed Schultz.
As it's not nice to make fun of the mentally handicapped.



oh heck ..

46 posted on 04/22/2011 2:00:01 PM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits [A.Einstein])
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To: Liz
*** progressive Ohaha is a huge bust-----and all of Ohaha's 2008 coalitions are falling by the wayside. ***

Yep. All he's got in his pocket are the Black Voting Bloc and the Union thugs (not all union members are moonbat leftist thugs) and the hardcore Commies. And that Oprah feud with the 1st Wookie will kill Barry with the 'wymen vote' [/s].

So Barry better start checking out Moving Van pricing and getting Bids pretty soon.

47 posted on 04/22/2011 2:08:48 PM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits [A.Einstein])
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To: sickoflibs

Bush cut taxes for the rich that Obama and the American millionaire congress people enjoy! Such decietful despicable hypocrites


48 posted on 04/22/2011 2:29:06 PM PDT by ronnie raygun (V)
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To: Brad from Tennessee

“Clinton and HUD secretary Andrew Cuomo helped create the current crisis by lowering lending standards at Fannie Mae/Freddie “

Here Bush in a speech, pushing home loans for totally unqualified minorities.

http://www.youtube.com/watch?v=MqR15H0gNBU


49 posted on 04/22/2011 4:32:32 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: sickoflibs

if one were to look back at the 90’s, one would see the enviroweenies were falling all over themselves filing ‘environmental’ lawsuits against American businesses. And, with an appetizer of national weapons secrets served up to China by Clinton, the push was on by Share-the-Wealthers and starry-eyed Unionists to export our industries and factories to the poor ‘underdeveloped China’. All of this was done consequences be damned, knowing they would be handing over the Presidency and a wobbling economy (and empty social security accounts) after Clinton’s second term anyway so who cared?.


50 posted on 04/22/2011 11:41:39 PM PDT by blueplum
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