Comments on: Earth to Santorum

By: bush furniture » Bush furniture - K’s Merchandise closing

bush furniture » Bush furniture - K’s Merchandise closing — Sun, 08 Oct 2006 01:24:17 +0000

[...] Earth to SantorumOutside Beltway - Note how Bush s tax cuts didn t immediately make the economy surge ahead. 1991 and 1992 came before 1993. What Never mind that its reached an equivalent level with pawning all the furniture then standing on your lawn waving the cash and [...]

By: Cernig

Cernig — Wed, 04 Oct 2006 04:40:23 +0000

Hi Steve,

Hey, dont you know facts don't matter? Tax cuts = good, tax rises = bad.

Never mind that its reached an equivalent level with pawning all the furniture then standing on your lawn waving the cash and yelling "look how much money I have!" Just don't look behind you.

Hey, did you notice that every foreign economic advisor is taking ir for granted that the U.S. will enter recession next year? Most are wondering how China will be affected.

More? Have a look at the "puts" on the market. Two thirds predict a huge fall.

Regards, C

By: JohnJ

JohnJ — Wed, 04 Oct 2006 04:32:04 +0000

Just to be clear, I don't disagree with you there. My only point was that it didn't make sense to me to rebut the claim that a tax increase created a sluggish economy by looking solely at economic indicators prior to the tax increase. Information about what happened to the economy after the tax increase would have been (and is) more relevant.

By: Steve

Steve — Wed, 04 Oct 2006 03:52:11 +0000

1991 and 1992 came before 1993. What relevance does econmomic growth prior to the tax increase have? Obviously there’s no time for the tax increase to have any effect the year they were passed.

No kidding? Really, I'm shocked. Never mind that my point was that the economy was growing in 1991 and 1992, hence no slump either. For that matter the economy kept growing till March of 2001, in short phenomal economic growth.

As for your claim about the delayed effect of tax cuts and increases that doesn't help Santorum either either since 1994, 1995, 1996, 1997, 1998 1999, and 2000 were all growth years. In short, Santorum is just sh*t-outta-luck here.

I’m no expert, but even I know that you can’t cut or raise taxes and expect an immediate response from the economy.

Yes and Clinton raised taxes and the economy kept growing. What a shock, but thanks for making my point again, and again.

Oh wait, I get it, Clinton's tax increase sent the economy into recession 8 years later. Damn that is one Hell of a lag effect.

By: JohnJ

JohnJ — Wed, 04 Oct 2006 02:54:44 +0000

Dude, tax increases take a couple of years to have an effect. Note how Bush's tax cuts didn't immediately make the economy surge ahead. 1991 and 1992 came before 1993. What relevance does econmomic growth prior to the tax increase have? Obviously there's no time for the tax increase to have any effect the year they were passed. I'm no expert, but even I know that you can't cut or raise taxes and expect an immediate response from the economy.