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


To: Steve Lokness who wrote (191978)6/18/2012 12:25:11 PM
From: koan  Read Replies (2) | Respond to of 543820
 
Bush's tax cuts were not meant to stimulate the economy. They were to give surplus money back to the rich.

Besides, tax cuts don't work. We have to get off that idea.

<<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.