Space/Science — HabitableZone

Space/Science » in reply to Facts, without the spin

Another pantload

<Bush inherited the world's strongest, most robust economy.

The economy was already going into a dive in March 2000, when the tech stock market began its collapse. The fact that an "official" recession was set as starting a year later doesn't change the cause and effect.

http://www.prtrading.it/images/nasdaq.gif

NASDAQ

Bush cut taxes for the very richest people in the country.
The economy went into a recession.


Now you're not even trying very hard. Had any tax cuts whatsoever actually occurred at the point when the recession started, you might be able to make some case for this. The only tax cut that has actually phased so far has been the $600-maximum rebates, and those didn't go out until the middle of the year. Did my $600 rebate break the budget? Sorry.

Just to emphasize: there haven't BEEN any major tax cuts yet, to the rich or otherwise. They phase in much later, assuming the Democrats don't kill them.

Log in or register to post.

The whole thread (15 posts)