Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tenchusatsu who wrote (616063)	6/14/2011 12:31:47 AM
From: i-node	Respond to of 1580216

>> I don't think Alghieri was saying that, but he seems to be assuming that the Bush tax cuts did not have any effect in cutting short the Clinton recession of 2001. It seems to me Al finds GWB is responsible for everything bad.

To: Tenchusatsu who wrote (616063)	6/14/2011 12:23:21 PM
From: Alighieri	Read Replies (2) \| Respond to of 1580216

I don't think Alghieri was saying that, but he seems to be assuming that the Bush tax cuts did not have any effect in cutting short the Clinton recession of 2001. Actually i was saying two things... 1. that the tax cuts do/did not increase revenue as inode vehemently mantains...indeed the 01 cuts significantly decreased revenue over the last ten years...it took six years to get back to the same revenue baseline as we had in 2001, longer if you consider inflation adjusted dollars, and it delivered a new lower base from which we declined even further when the great recession hit. 2. the tax cuts failed to have a lasting positive effect on the economy...they may have had some stimulative influence in 2001, we can't know for sure, but they certainly failed to have any in the long term... Frankly I believe that our economic problems are structural and far more complex than a simple slowdown in economic output, which might see some benefit from a tax cut. Al