Posted by Dennis Thompson on June 24, 2008, 8:19 am, in reply to "Maybe I was wrong..."
If you had a good and HONEST understanding of how things work you would know the wealthy pay 90% of the taces and what happens to them also greatly affects us. But you do not understand that.
If you had a clue whatsoever yopu would realize because of the tax cuts, the Government is taking in record amounts because of consumption.
If you had a clue and could hold an honest conversation you would have to concede the economy for the previous 5 years wasw the BEST we have ever had.
But You cant. 52 straight months with New Job gain. That is a national; record for a President. The Unemployment right now is 5%. It has usually been around 4.6% for the last 6 years. It was 6.3% when Clinton left, and Clintons best was 5.7%.
The National Growth economically per quarter under Clinton averaged out at 2.4% quarterly. Bush was over 3% and that is after having to deal with 911
America was in a true recession when Clinton left office. What is a true recession in true economic definition? It is 2 straight or more quarters of national growth below 0 percent. The economy has slowed in the last year, however it has not went below the 0% so it is not a recession like Clinton had.
Instead of propagandizing and later being embarrassed by your lack of understanding and knowledge I suggest you educate yourself a little in places other than move on dot org.
The taxes should be cut more. The investment taxes should be gone. Corporate taxes should be gone. The economy would go through the roof. Its that simple.
If you understood what took the nation from a recession to a 17 year depression, it was the taxation.
If you understood how screwed up socialism is and how it can not be carried by an economy, look no further than France and Germany. They want to get rid of socialized medicine. Its killing their economy. England is talking of the same thing. Perhaps you would like their 12 dollar a gallon fuel? Taxes on that is killing them.
Lets see, the wealthy pay 90% of the taxes in America and you blame them for? Carrying your sorry ass as it is?
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