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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (211567)11/12/2004 3:19:22 PM
From: TigerPaw  Read Replies (1) of 1583524
 
To the extent that the tax cuts grew the economy (or kept the recession from being deeper) they contributed to an increase in revenue.

This tax cut was not stimulative. The bulk of the money went to pumping up portfolios hurt in the recession instead of direct stimulative actions. That money just disappeared with the falling dollar value. Had the tax cut gone to people who would have used it, it would have had a multiplier effect.

The only stimulous has been the war. So far each job that Bush "created" has cost more than $500,000 each. He still hasn't caught up with where he began.

TP
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