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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Peter O'Brien who wrote (103449)7/18/2007 10:34:51 PM
From: Steve Dietrich  Read Replies (2) of 173976
 
There will always be excuses for substandard performance. And let's face it, Bush supporters spend a lot of time coming up with excuses these days.

Bill Clinton raised taxes in a recession: what followed was a booming economy and stock market. Do you think his wise tax policy saved us from a decade long worldwide recession? It did allow us to dramatically improve our fiscal health in the expansion, something else Bush has failed to do.

FDR raised taxes like no other man alive and the market and economy thrived like no other time, so did federal revenue.

So no, there is no real correlation. The economy is bigger than the President. The idea that a couple points difference in any particular income tax bracket means much of anything in the macro-economy is silly.

SD
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