United States News
See other United States News Articles
Title: Happy 10th Birthday, Bush Tax Cuts! You've been a failure in every conceivable way
Source:
Slate
URL Source: http://www.slate.com/id/2296578
Published: Jun 10, 2011
Author: Annie Lowery
Post Date: 2011-06-10 10:59:53 by go65
Keywords: None
Views: 42417
Comments: 143
Unfortunately, the tax cuts never translated into robust economic growth, either. Indeed, the aughts saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year, lower than in any other postwar business cycle. The contrast is starker still when judging against the previous decade. In real terms, GDP grew half as much from 2001 to 2010 as from 1991 to 2000.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 53.
#52. To: go65 (#0)
That's a lie. It was worse, when you strip away the government manipulation. But blaming the financial collapse on Herr Dumbass- much of a buffoon as he was- is akin to assigning the sinking of the Titanic on only one of the sailors... when there was plenty of blame to spread around. The reality that this is inevitable conclusion of a Ponzi scheme, concocted in 1912, at Jeckyll Island. And when it was put together, they knew that we'd reach this point, sooner or later. Well, we're at the end of the road... the banksters have robbed and pillaged the economy for every amount of capital value they can, and now they're intentionally tanking out the economy. Soon, they'll move on to rob another country (or maybe the entire world in one fell swoop, if the Euro doesn't implode too soon). Assigning this disaster to just Bush, Clinton, Obama or even Reagan, is a failure to understand what's really going on, or intentional obfuscation of the truth. In other words, you're either ignorant to reality, or a shill. Which is it?
You've been asked to explain that chart several times Erica. You've yet to do so once.
There are no replies to Comment # 53. End Trace Mode for Comment # 53.
Top • Page Up • Full Thread • Page Down • Bottom/LatestIndeed, the aughts saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year
#53. To: Capitalist Eric (#52)
Replies to Comment # 53.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]