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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (615829)	6/12/2011 5:48:43 PM
From: Alighieri	Read Replies (2) of 1579749

The tax cuts essentially can't have caused the more recent decline, it was obviously because of the recession. C'mon Tim...I am going in circles with you here, I sense because you are out of arguments. The declines in 2009 and beyond came from a new LOWER baseline and yes in 2009 we see the effects of the recession...the lower baseline IS DUE of the tax cuts in 2001... That might be a real simple point, so simple one might wonder why I bother to point it out, but you where disputing it. Baloney...I never disputed it... Message 27422037 2006 $1.043T 2007 $1.163 trillion 2008 $1.145 trillion 2009 $ .915 trillion 2010 $ .8985 trillion ...and of course we know what happened... Great Recession = Dec 2007-June 2009 Duration = 1 year 6 months Time since last recession = 6 years (bush presided over two of these beauties) Peak unemployment = 10.1% GDP decline = -12.8% Al

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