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

To: Alighieri who wrote (616152)	6/14/2011 4:33:24 PM
From: i-node	Read Replies (1) \| Respond to of 1580266

>> Oh please...the recession of 2001 lasted less than 8 months and GDP declined 0.3% during that time frame. Total Tax Receipts excl. payroll taxes 2000 = $1,371M 2001 = $1,296M 2002 = $1,152M 2003 = $1,069M 2004 = $1,146M 2005 = $1,358M You forgot these: 2006 = $1,719M 2007 = $1,884M 2008 = $1,813M All of which are substantially above the amounts for the year 2000. >> Oh please...the recession of 2001 lasted less than 8 months and GDP declined 0.3% during that time frame. This is disputed. But the important point is that CLINTON CAUSED the collapse of the real estate market late in GWB's term (which he has essentially admitted). Rubin's refusal to listen to Brooksley Born is, MORE THAN ANY OTHER THING, responsible for the economic calamity at the end of Bush's term. She saw it coming, TRIED to get them to act, and they refused. And Bill Clinton has admitted this. It is ridiculous to claim that Bush's tax cuts had ANYTHING to do with the crash or the ensuing deficits.