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

To: i-node who wrote (525706)	11/3/2009 5:42:19 PM
From: Alighieri	Read Replies (1) \| Respond to of 1577075

You think 29% cut in cap gain rates is "small"? It was small...the CBO estimated that the tax cut, all inclusive, added up to a mere $30B / year. This, of course, couldn't be further from the truth. The '93 tax increases hampered an otherwise robust economic recovery from the RECESSION that was caused by the George Bush Read My Lips tax increases. It's like arguing faith and logic. The facts are simple...from '93 to '97 the economy grew at >3%...the stock market grew 78% Al PS. Under Bush, the economy produced 3.7 million new jobs from January 2001 through December of last year (2006) based on nonfarm payroll figures collected by the Labor Department's Bureau of Labor Statistics. ... When Clinton was in the White House, the economy generated 17.6 million jobs during the corresponding period -- from January 1993 to December 1998. Under Reagan, 9.5 million jobs were created from January 1981 to December 1986.