Bentway, Reagan cut taxes and ushered in decades of U.S. economic growth.
By greatly increasing the debt. In other words, a stimulus. Which, totally unsurprisingly, caused the economy to expand. Given that it already was primed for expansion, one has to wonder that if the debt hadn't been incurred by military spending and tax cuts, how much more would it have expanded? Both of those are known to be rather inefficient ways to stimulate the economy.
You and your tribe like to leave out the cutting of interest rates by the Fed. That was a huge stimulus by itself.
Kennedy's rate cut actually may have had a big effect, unlike the other tax cuts you have listed here. But look at the rates.
As to Bush the Lesser, you are leaving out several factors. For one, the .net boom accounted for a very small percentage of the economy at the time. It was a rather small bubble. You also are ignoring the massive spending spree Smirk went on, pouring trillions of dollars into an economy that was in pretty good shape. The problem is, the economy didn't do all that well considering the stimulus. Could it be because the debt was incurred by, wait for it, cutting taxes and military spending?
Not that it really matters, but it also help feed the subsequent collapse. Which would have happened any way, it was just a question of when and how bad. Dubya made certain it was sooner and worse than it had to be.
As to Hillary, well look what her husband did. He raised taxes and the country went through a period of prosperity that hasn't been seen before or matched since. Those are the facts. |
