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


To: American Spirit who wrote (533177)1/31/2004 11:50:52 AM
From: tonto  Read Replies (1) | Respond to of 769667
 
OK, obviously you cannot back up that more taxes create millionaires. You cannot explain how it works. I accept that. It did not make sense to me either.

Clinton assumed a hot economy. It was hot before the tax increases. He was able to get away with the increases because the economy had already heated up and could sustain itself for a cycle. Eventually the Clinton recession started...and now we have come out of it. Cycles are unavoidable. Think about it.