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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (32683)	2/13/2009 8:26:02 PM
From: Steve Dietrich	Read Replies (1) \| Respond to of 71588

It wasn't a very deep recession, but it was deeper than the last one, By what criteria? Certainly not gdp. If your trying to argue that "tax revenue went down for 2001 even though GDP was up slightly", well tax policy for 2001 was set by Clinton and the previous congress. Except Bush's tax cuts were retroactive, going back to January 2001. And that was the first of 3 straight years of revenue losses. We did not have 3 straight years of recession. Your argument is ridiculous. In any case "a mild recession", or even "a very mild recession" would still lead to the expectation of lower government revenue. More nonsense. We had 3 years of declining revenue. And bush Sr. presided over a worse recession but never saw negative revenue growth. SD