Rshermr
VIP Member
And I always love it when CON$ lie about what others post. I posted no such thing, YOU did and Reagan's tax cuts never followed that projected schedule.Not for Reagan. As you can see from the chart, GDP fell from St Ronnie's 1981tax cuts and rose after Reagan started raising taxes in 1982.
Following enactment in August 1981, the first 5% of the 25% total cuts took place beginning in October. An additional 10% began in July 1982, followed by a third decrease of 10% beginning in July 1983.[4]
Thanks. I always enjoy it when liberals post the refutations of their own claims.
Can you post the chart that shows 7% GDP growth after Obama raised rates?
Following the 1981 tax cuts, as the economy was mired in recession and the federal deficit was spiraling out of control, even groups such as the Business Roundtable lobbied Reagan to raise taxes. And he did:
The first Reagan tax increase came in 1982. By then it was clear that the budget projections used to justify the 1981 tax cut were wildly optimistic. In response, Mr. Reagan agreed to a sharp rollback of corporate tax cuts, and a smaller rollback of individual income tax cuts. Over all, the 1982 tax increase undid about a third of the 1981 cut.
When Obama raised taxes, why didn't he achieve the same GDP growth as Reagan?
Obama's should have been higher, because he's so much smarter than Reagan, so what happened?
Why did Obama have so much fail compared to so much Reagan success?
I am shocked you do not know the reasons. Let me help you, me poor ignorant con tool:
1. Republicans owned the congress and stopped every effort to fight the recession. Voted against bills to fight recession every single time, with every republican congressman voting no. And, they then refused to bring forward a single bill aimed at shortening the recession.
2. They required the only bill that got through, with zero votes from their side, to be over 1/3 tax cuts, which, according to the cbo, had the least effect on the recession of any measures the bill had.
3. Obama came into office while we were seeing losses of over 500,000 jobs per month. And he was left with the largest recession of any new president since the Great Republican Depression of 1929. The recession now known as the Great Republican Recession.
Sorry to blunt your well refined conservative talking point. Try thinking some time.
Republicans owned the congress and stopped every effort to fight the recession.
The recession ended by June 2009. The Republicans didn't take the House until Jan 2011.
How could they stop Obama's "recession fight"?
So, the recession ended 4 months after Obama took office.
Have you always been that stupid, or have you had to work at it.
Truth is, should you be interested, that you could get all sorts of answers about when any recession ended. There is no absolute date. And, always, the last thing fixed is unemployment. At least in any aggregate demand recession. So, your statement is stupid, as it stands. You could surround it with some truth, but you did not.
And, they then refused to bring forward a single bill aimed at shortening the recession.
Bastards! Refusing to fight the recession that ended 18 months before they took over. LOL!
Yup. I agree. Not caring for the fact that unemployment was high, and being uninterested in bringing the ue rate down does make them, and you, bastards. And un-american.
They required the only bill that got through, with zero votes from their side, to be over 1/3 tax cuts, which, according to the cbo, had the least effect on the recession of any measures the bill had.
Yeah, refundable tax credits are one of the weakest tax cuts you can give.
Actually, of the tax cuts provided by the ARRA better than most. But of the total tax cuts, they were a very small portion. And, you will find that cons hated them, because a large portion were aimed at less wealthy, as opposed to most tax cuts that went to the wealthy.
Net is, refundable tax credits were too small to make any real difference. Except to con tools. What I said is absolutely true, and your statement is irrelivent. But thanks for trying.
Obama came into office while we were seeing losses of over 500,000 jobs per month.
And managed to hand us the weakest recovery in history. I thought you said the economy had recovered by June of 2009. Make up your mind.
Actually, Obama made many attempts to help the situation with unemployment. So, let me try to educate you again. No president can mandate programs to stimulate an economy. Takes congress. Which was controlled by republicans. So, though he did bring many bills to congress, republicans voted against every single one. With NO members voting for them. Killed every single bill. And, because republicans did not conscern themselves with the misery of workers being out of work for long periods, they brought NO bills forward to help the ue situation. UNLIKE IN THE REGAN RECESSIONS WHEN DEMOCRATS DID NOT BLOCK ANY OF REAGAN'S ATTEMPTS. AT ALL. See the difference??
Maybe he should have cut tax rates across the board, like Reagan did?
You are on a very, very small island. Most all people have figured out that supply side economics does not work.
Before the reagan years, you could find supply side economics classes in most major colleges. After, you needed to go to Regent University or George Mason U.
