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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (618666)7/9/2011 1:42:41 PM
From: tejek  Read Replies (1) of 1580048
 
Clinton raised taxes and the economy produced more jobs than at any other time since WW II.

I will not do this again as I (and others) have done it a million times on this thread. So pay attention.

This is a demonstrably false statement. Liberals ALWAYS distort the facts of the 90s. Clinton did raise taxes in '93, but substantially cut taxes (as a result of Gingrich's leadership) in '96, which was what caused the economy to take off.

The tax cuts didn't go into effect until 1997 and the economic boom ended 2+ years later.

Thanks for making my point.

The fact is that Obama had his shot, wasted a trillion dollars, and everyone except HIM now admits it was a giant failure.

The stimulus created millions of jobs and the economy continues to recover despite hte loss of half million gov't jobs due to poor gov't revenues thanks to the Bush tax cuts.
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