Posted on 04/10/2012 7:50:34 AM PDT by Sub-Driver
Edited on 04/10/2012 8:08:06 AM PDT by Admin Moderator. [history]
After 10 years they are no longer "tax cuts" they are the current TAX RATES. Going back to the Clinton era rates would be a TAX INCREASE.
Are you talking about the sub-prime debacle? Bush warned us about it. Heck, Greenspan warned us about it. Heck, even McCain warned us about it.
It's a little too convenient for folks to claim they didn't hear it.
Agree.
The Liberal Media sucks and is patently unfair.
That said, cowering in the White House didn’t help anybody...except, ultimately, Obama.
On the very morning that the bottom fell out from the financial markets in Europe, W was squawking like a parrot in front of the cameras with his rotten Treasury Secretary about how "subprime was contained." A phrase he repeated almost as often as "doing the jobs Americans won't do."
“New tone... amnesty... unneccessary iraq war... harriet miers... see you at the signing”... I just can’t understand why the right was disgusted by W’s actions... but the left hated him because at his core... he is a good man and evil hates good.
LLS
If it weren’t for that traitor bastard John McCain, they would have been larger tax cuts.
Bwa ahahahahahahahahahahahaha! Phew! That's a good one! Bush a good man! Ah, hahahahahahahahahahahahahaha! Stop it! You're killin' me, here! Bwa ahahahahahahahahahahahaha!
Sheesh. Apples. Trees. Not much distance and all.
Thanks old timer, for that insightful post.
The Bush Tax Cuts and the Deficit Myth —
Runaway government spending, not declining tax revenues, is the reason the U.S. faces dramatic budget shortfalls for years to come.
http://www.freerepublic.com/focus/f-news/2551642/posts
By allowing the 2003 tax cuts to retire, Present 0 will be increasing the bottom rate from 10% to 15% and the 20% bracket to 25%.
Raising the 10% bracket to 15% represents what percentage of increase? ( The correct answer is NOT 5%)
Raising the 20% bracket to 25% represents what percentage of increase? (correct answer, again, is NOT 5%)
Finally, raising the 35% bracket to 39% represents what percentage of increase: Hint: The correct answer is NOT 4%.
Extra credit question: People in which tax bracket will see the largest percentage of increase in their taxes?
Extra extra credit question: People in which tax bracket will see the smallest percentage of increase in their taxes?
To those moving from the 35% to the 39% tax bracket...that’s roughly an 11% increase in taxes.
From 20% to 25%...that’s a full-blown 25% increase in taxes.
To those moving from the 10% bracket to 15%, their taxes will be increased by a whopping 50%.
I agree with your assessment.
Oh, you mean, he was talking politics? Imagine that, from a politician. Anything else you’ve figured out?
No. He was displaying his gross ignorance of the global financial system he was commenting about.
Anything else you’ve figured out?
Yes. You have a hard time accepting that W was a poor president.
Funny, I was thinking the same thing about you.
Funny, I was thinking the same thing about you.
If you want to show me your understanding of the subject, then go right ahead. And then I'll show you how W was a terrible president for economics, and other areas as well.
And apart from that, the notion that you expected him to fly in with his magic cape after the sub-prime market blew up is simply laughable (or another example of BDS, but I repeat myself).
OK, I'll give you some more. W's demand side tax cuts were designed to be crowd pleasers and vote buyers, rather than stimulate the economy. Except for the dividend tax cuts, everything else that was good for the economy was put in the bill by Republicans in Congress. For instance, W strongly opposed the capital gains tax cuts that made it into the bill, while pushing for temporary cuts like rebates.
You like to make the excuse that subprime was the cause, but W participated in that, and as I've indicated, he was blissfully ignorant of the severity of the problem when it finally broke the backs of the markets.
W also had no way to pay for the tax cuts, such as stimulating long term economic growth, thus giving tax cuts a bad reputation.
And then because of his terrible economic policies, he had to make it worse with his large corporate bailouts, or to put it in his own words: "I've abandoned free market principles to save the free market system."
Compassionate conservatism, a new tone in Washington, and ruling like a big government Democrat is no way to run a country.
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