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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (467554)	3/30/2009 8:55:56 PM
From: jlallen	Respond to of 1576435

ROFL!!

To: Tenchusatsu who wrote (467554)	3/30/2009 8:58:13 PM
From: tejek	Respond to of 1576435

Whoops ... Message 25531542 > The recession was so minor it hardly glanced a blow on the economy. Your "big dot.com bubble burst" was a non event. I know, it's uncomfortable having to avoid your own words ... Fine. I did say it and it was a non event. Back in 2001, Bush proposed a 10 year $1.6 trillion tax cut. Congress only gave him $1.3 trillion for ten years or $130 billion per year. Tax revenues in 2001 fell by $140 billion: taxpolicycenter.org So at the very best, the loss of capital gains from the dot.com bust was probably around $10 billion in 2001 and I think that is way high. Since we were already in recession, tax revenues from non dot.com businesses were dropping as well. BTW most of the dot.com gains bust occurred in 2000 when revenues rose by nearly $200 billion. Oh yeah.......I get tired of doing your work. Fixed.