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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: ThirdEye who wrote (174452)8/26/2001 2:21:15 PM
From: FastC6  Read Replies (1) | Respond to of 769670
 
<<If the recession is Clinton's fault, how come it took EIGHT YEARS to do it?>>

Just shows how strong of a house Reagan built along with the efforts of the Republicans trying to preserve it while Clinton was in the process of destroying it....Time for a tax hike dumbsh*t?

. .



To: ThirdEye who wrote (174452)8/26/2001 3:24:10 PM
From: Thomas A Watson  Read Replies (1) | Respond to of 769670
 
Have you ever heard of operation marketgarden, the story of a bridge to far. Well the story of mr. bill is the story of operation oval officelax. Until mr. bill went a sperm to far he was only concerned with ladies under his desk and after he got caught he was only concerned with saving his butt. 6 years of do nothing allow the private sector to show how working folks do it with the government not in there face. Now as mr. bill had finally saved his butt he looked around and found an economy going gang buster and decided to issue thousands of new regulations so as to leave a lasting screw up of breaking what was fixed. That's your eight years.

Or read what really happened.
Message 15656462

tom watson tosiwmee



To: ThirdEye who wrote (174452)8/26/2001 6:14:13 PM
From: Peter O'Brien  Read Replies (2) | Respond to of 769670
 
very simple, really...

Since tax rates had already been cut during the 1980's,
Federal tax revenues (as a % of GDP), although rising
during Clinton's term, did not reach all-time record
levels until year 2000. When they did reach all-time
record levels, the economy tanked.



To: ThirdEye who wrote (174452)8/26/2001 6:48:28 PM
From: Peter O'Brien  Respond to of 769670
 
this link explains it pretty well...

frc.org

See especially, the section called "The Clinton Tax Racket".

It explains how Clinton jacked up federal tax revenues to over 20%
of GDP during his term (a level not seen since World War II).
The private economy simply cannot sustain this level
of taxation for very long, or it will crash, as it is doing now...