How Did the Bush Tax Cuts Work Out for the Economy?

-------- Original Message --------

Subject:	FWC: "So How Did the Bush Tax Cuts Work Out for the Economy?"
Date:	Sat, 25 Sep 2010 05:47:03 -0700
From:	Jas Jain

FWC: "So How Did the Bush Tax Cuts Work Out for the Economy?"

http://economistsview.typepad.com/economistsview/2010/09/so-how-did-the-bush-tax-cuts-work-out-for-the-economy.html

 

I am not a fan of Keynesian economists but their criticism of Bush Tax Cuts is valid. Tables 1 and 2, changes from 2000 to 2008, are illuminating. I would ignore Tables 3 and 4, changes from 2007 to 2008. It was the housing "bubble," led by massive mortgage fraud allowed under Greenspan-GW Bush-Bernanke that was entirely responsible for the "strong economy" during 2003-2007. What would they not do to keep Power! Propagandist Limbaugh falsely claims that Bush Tax Cuts were responsible for the "strong economy."

Jas

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Comments:

"Rob said... But ye were claiming that tax cuts were a Keynesian policy just a week or so back, so I guess that is yet another point against Keynes.

"Kitchen said... This is just another example of politicians being able to say whatever they like and the electorate will buy it! People have very short memories and thats what politicians love!"