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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (191967)	6/18/2012 12:16:40 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 543806

<<<<< Bush cut the taxes saying the governrment should not have so much extra money.>>>> You're not listening to me Koan. What differences does it make what reason you give as a president if in fact your tax cuts are meant to stimulate the economy during a recession. Look this stuff up; The recession began in March of 2001. Bush passed the the "Economic Growth and Tax Relief Act" was passed in June of 2001. If you remember that included sending Americans a check in the mail to spend anyway they wanted. Remember your 600 dollar check? It is hard to get anymore keynesian than that! ...........Plus, the wars stimulated, the tax decrease stimulated and low interest rates stimulated; all keynesian type ideas to prevent the 2001 recession from getting bad. Then comes 2004; Do you expect that now that the economy has improved - some - that Bush would raise taxes? That's insane when you think what happened to his daddy after he broke his promise; "read my lips I will not raise taxes". Sooooo as Bush enters his 2nd term keynesian spending slows considerably as the Fed raises interest rates and stops sending people checks in the mail. But of course the damage from the stimulus was already baked into the economy and the bubble is about to burst. ............Now Krugman wants to try it all over again? en.wikipedia.org