Anybody else remember when the economy used to create 200,000 jobs per month with higher tax rates. Those Bush tax cuts sure did a fine job didn't they?
Well, the quick answer to your first question is because there wasn't a recession going on at the time.
And if you look at all the economic indicators, the things that a tax cut is supposed to stimulate have in fact been stimulated: consumer spending, increased outputs, manufacturing, almost all of them are on the rise. So what's up? I honestly have no idea. Outsourcing? Numbers aren't high enough. Productivity? Maybe, but it's not like Rossum's Universal Robots just opened branches in every city.
But the problem isn't with the tax cuts. We need to look somewhere else.
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Bush tax cuts
