Bush Tax Cuts Hurt, Not Helped, Economy


	Bush Tax Cuts Hurt, Not Helped, Economy
sahara
10-6-2009 2:56 PM
173 views
sahara says:
Planned (controlled) economic implosion?

The "architect" behind many of these tax cuts is even raising the eyebrows of many GOP members, from Tancredo to Malkin.
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1552c118-71d0-4751-af2a-2b48a54a0e49/A9A04A7D-95F2-49D3-8090-D300DDA45655/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20051026/" href="http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20051026/" style="font-size: 11px;">www.epi.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20051026/"><P>
<SPAN class="italic">Snapshot</SPAN> for October 26, 2005.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20051026/"><P>
<SPAN class="heading1">Economy pays price for Bush's tax
cuts
</SPAN>Since 2001, changes in tax law have cost the federal
government $929 billion, including $860 billion in direct cost and
$69 billion in interest.1  Proponents of these tax cuts
promised stronger economic gains than were typical of the past, but
that did not occur.2 Unfortunately for most Americans, almost every
broad measure of economic activity—GDP, jobs, personal income, and
business investment, among others—has fared worse over the last
four years than in past business cycles. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20051026/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.epi.org/img/D2CB1F21-D499-43F2-B09E-08930FE5781E" alt="The current cycle lags past averages by almost every measure" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20051026/">Even as tax cuts have failed to boost economic performance, they
have reduced revenues substantially</blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content8.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.politifact.com/truth-o-meter/statements/2009/jun/24/paul-krugman/bush-tax-cuts-health-care-probably/" href="http://www.politifact.com/truth-o-meter/statements/2009/jun/24/paul-krugman/bush-tax-cuts-health-care-probably/" style="font-size: 11px;">www.politifact.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.politifact.com/truth-o-meter/statements/2009/jun/24/paul-krugman/bush-tax-cuts-health-care-probably/"><H2>Even high estimates for an early draft of the health care plan are "less than the $1.8 trillion cost of the Bush tax cuts."</H2></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content9.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://en.wikipedia.org/w/index.php?title=Grover_Norquist&oldid=313605553" href="http://en.wikipedia.org/w/index.php?title=Grover_Norquist&oldid=313605553" style="font-size: 11px;">en.wikipedia.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://en.wikipedia.org/w/index.php?title=Grover_Norquist&oldid=313605553">After Bush's election to the White House in 2000, Norquist was the prime architect behind the many Bush tax-cuts</blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content6.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://washingtonindependent.com/31768/tom-tancredo-send-grover-norquist-to-jail" href="http://washingtonindependent.com/31768/tom-tancredo-send-grover-norquist-to-jail" style="font-size: 11px;">washingtonindependent.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://washingtonindependent.com/31768/tom-tancredo-send-grover-norquist-to-jail"><H1><A title="Permanent Link to Tom Tancredo: Send Grover Norquist to Jail!" rel="bookmark" href="http://washingtonindependent.com/31768/tom-tancredo-send-grover-norquist-to-jail">Tom Tancredo: Send Grover Norquist to Jail!</A></H1></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content7.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://michellemalkin.com/2009/01/05/the-gops-grover-norquist-problem/" href="http://michellemalkin.com/2009/01/05/the-gops-grover-norquist-problem/" style="font-size: 11px;">michellemalkin.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://michellemalkin.com/2009/01/05/the-gops-grover-norquist-problem/"><H2>The GOP’s Grover Norquist problem and the RNC debate</H2></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A9A04A7D-95F2-49D3-8090-D300DDA45655/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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