High Oil and Katrina - long after sluggish periods graphed. War - short term economic stimulous not drag. Dot com Bust - there's almost always a bust of some kind at the start of a recession. Care to explain why this one was more significant than any of those preceding the last 6 recessions?
Sorry Tom, There no reasonable excuse for why this recovery should be worse than other recent ones if Bush's tax cuts were the good policy the Repubklicans claim. I said before hand that if we had tax cuts they should go to the people suffering the most who would spend it immediately. I didn't predict the rich would invest outside the country rather than in, but that's what the data say to me now. Low taxes kept profits up allowing fewer immediate layoffs, but investments were made to transfer manufacturing over seas which has kept pay and jobs at a lower pace since then compared to normal nonbuswhacked economies.
Regards,
Mark
Current Events » in reply to Okay, let's simplify:
Let's See
The whole thread (37 posts)
- More economics
- Some Real Comparisons
- So Only Independents Can Read Graphs?
- I never say "me too". You were doing a good job and I had nothing to add.
- Okay, let's simplify:
- re: Some Real Comparisons
- So Only Independents Can Read Graphs?
- What BS
- War and deficit spending have been the last refuge of desperate politicians stimulating an economy. (n/t)
- Tax rate reductions spurring the economy and resulting in higher revenues is nothing new
- Some Real Comparisons