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

To: Alighieri who wrote (525712)	11/3/2009 5:59:22 PM
From: i-node	Read Replies (1) \| Respond to of 1577195

>> It was small...the CBO estimated that the tax cut, all inclusive, added up to a mere $30B / year. CBO, of course, doesn't take into account the effect it has on economic growth. I don't know why you people continue to argue this point, other than sheer ignorance. You have been proven wrong time and time again. Every time there is a round of targeted tax cuts, the economy improves, everytime you increase taxes, the economy tanks. Pretty soon I'd think you'd figure it out. >> .from '93 to '97 the economy grew at >3%...the stock market grew 78% Which is less than it would have grown had the tax increases of 93 not occurred. More importantly -- 1989 3.573 1990 1.877 (June-George Bush Tax pledge violated) 1991 -0.234 (It Gets Worse) 1992 3.393 (Recovery from Recession begins) 1993 2.852 (Bill Clinton Tax increase) 1994 4.074 (Dead Cat Bounce) 1995 2.515 1996 3.741 1997 4.457 (Clinton/Gingrich Tax CUT) 1998 4.355 1999 4.826 2000 4.139 (Real GDP Growth by year) I don't know how a person can miss this trend. It is very clear.