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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (353483)10/3/2007 3:44:51 PM
From: TimF  Read Replies (1) of 1578495
 
Not every high in the economic cycle is so inflated.

And once again the tax cuts didn't fully take effect until 2004 (and that assume falsely that all their benefits start right away once they are fully implemented).

And all such benefits are at the margin. Saying tax cuts are beneficial for the economy doesn't mean that the economy will grow unusually fast after the cut. Other factors may predominate. You can get a smaller shrinkage because of the cut, or get slow growth rather than stagnation. There are always many factors at play.

As for there are always natural and other disasters." True, but Katrina was the most costly hurricane and 9/11 the worst terrorist attack in our history. Most recoveries didn't have to deal with something like either, or with the large increase in oil prices that we have had.
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