The taxes pouring into the federal coffers has hit two consecutive high points in history, and that is adjusting for inflation. And this is after tax cuts. Unemployment has been at the lowest level since the 60's. The Dow is at the highest ever, the only time it was closer was when the Clinton SEC allowed the dot-com fraudsters to create companies whose mission statement was to pay back the initial investors (that's a form of MLM). The Labor Department reports salaries raising faster than anytime since the 80's. More jobs have been created in the period of 2000 to 2005 than from 1990 to 1999. The economy is doing very well. Cut taxes for the wealthy and they invest in the market making the economy stronger, creating more jobs, increasing salaries, and generating income that leads to more purchase power, which leads to taxes pouring in at highest rates in history.
Proving for the second time in 18 years that supply side economics works.
2006-10-07
10:30:11
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17 answers
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asked by
dwh320
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in
Politics & Government
➔ Politics
For those libes who try to discredit people who have different views then you get a life. If you want links to the facts just do a simple Google search. It’s just like a lazy lib to want others to do their work so they can steal the credit.
2006-10-07
10:55:55 ·
update #1
I'm sorry but Democrats don't care about truth.
In fact, they are frightened of truth.
You have listed a lot of undeniable truths and facts.
"Even if Truth is denied, it is still Truth".
Bless you.
2006-10-07 10:46:32
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answer #1
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answered by Anonymous
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You have ignored several important factors:
Job loss figures almost equal jobs created, salaries for most wage earners were stagnant for the last six years, rising prices out weigh earnings gains, only 50% of americans own stock, many americans have huge burden of debt, tax cuts and government spending have created huge deficit, the gap between the rich and the rest of us is greater than it has been in twenty years. The benefits of the current ecomony is mostly going to a extremely small percentage of the population. High corporate earning are in part a result of sending jobs overseas, cutting benefits and having employees pay a greater share of the cost of health insurance. Also, weaseling out of their pension obligations.
It is therefore highly debatable if supply side economics is
working.
Also, almost all of increases in tax revenues are from corporate earnings (85 Billion this year) which is not expected to be sustained in the coming years.
PS "The Labor Department reported yesterday that employment grew by just 51,000 jobs in September, adding slack job growth to the emerging tableau of an economy gradually slowed by higher interest rates, expensive engergy and a sputtering housing sector".
2006-10-07 17:50:28
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answer #2
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answered by Anonymous
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OK let me see how this works...when the economy sucks its Clinton's fault even when he wasnt in office for the last 5-6 years. In the first Bush's term it was Carter's fault, and he hadnt been in office for over 8 years. Now the economy is upticking and suddenly the current president can have an effect on it after all. It seems to me that when Clinton's economy was doing well, conservatives credited Reagan and Bush #1. You guys are such hypocrites.
This year it isnt the economy. Its a failed war in Iraq and a scandalously corrupt Republican leadership in the House of Representatives, Stupid!
2006-10-07 17:35:37
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answer #3
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answered by Anonymous
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It was the economy then because 12 years of republican 'trickle down' economics had sapped the earning power of most Americans. Today, the economy and priorities of Bush are indeed a concern - his interest rate fraud in the home equity line and investment property loans, the engine that kept his economy afloat, has again transferred trillions of dolars to the upper class. At least this is better than the stock maret fraud - we get granite counter tops to put our worthless tech stock certificates on.
However, when your country is America and it is engaging in torture of people your own military says are innocent, when your country is America and you are disappearing INNOCENT foreign nationals to third countries for months of torture, when you are America and your sons and daughters and husbands and fathers are dying for lies and worsening the lives of people who meant us no harm, when you are America and you watched Bush's indifference to New Orleans, somethings become more important than the economy, stupid. Will get to him having drained our treasury after we put a stop to his torturing and mass murdering in our name.
2006-10-07 17:37:48
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answer #4
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answered by cassandra 6
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"Don't be deceived when they tell you things are better now. Even if there's no poverty to be seen because the poverty's been hidden. Even if you ever got more wages and could afford to buy more of these new and useless goods which industries foist on you and even if it seems to you that you never had so much, that is only the slogan of those who still have much more than you. Don't be taken in when they paternally pat you on the shoulder and say that there's no inequality worth speaking of and no more reason to fight because if you believe them they will be completely in charge in their marble homes and granite banks from which they rob the people of the world under the pretence of bringing them culture. Watch out, for as soon as it pleases them they'll send you out to protect their gold in wars whose weapons, rapidly developed by servile scientists, will become more and more deadly until they can with a flick of the finger tear a million of you to pieces."
2006-10-07 17:36:05
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answer #5
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answered by Anonymous
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A. you copied and pasted that from Jesi or she did from you... almost word for word... so STOP STEALING... or she should stop stealing from you... or you both stole it from somewhere... at least cite where you got it....
B. you had a question just like this the other day... get new questions
C. how about citing some of these stats that are very bias... like for example, Clinton's unemployment rate was around 3.9 near the end of his term... now it's around 4.5... yet your stats don't reflect that? odd? they are skewed to take into account Bush sr's 7 percent unemployment probably that Clinton had to fix... so that's obviously a gross misrepresentation of the facts... as are the rest of your stats...
2006-10-07 17:39:13
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answer #6
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answered by Anonymous
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"The rich are getting richer, the poor get the picture, the bombs never hit ya when you're down so low." Lyrics from song by Midnight Oil.
2006-10-07 20:19:39
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answer #7
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answered by PS Drummer 3
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How! Cool stats. I knew it wasn't that bad as they said. The economy is treating me pretty well. I got a nice old truck, a roof over my head, and a full tummy. Ain't life grand!!!
2006-10-07 17:39:15
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answer #8
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answered by Slow Poke 5
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do you think this is due to growing illegal immigration,, the sex and drug trade, or on-line gambling, humm ,, Republicans are such great leaders of this country,, it's a shame they have no fiscal discipline or moral values
2006-10-07 17:54:05
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answer #9
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answered by Anonymous
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U.S. factory order just hit an all time low....you may be eating those words real soon. And I don't know where you got the rest of that but it's not true.
2006-10-07 17:32:44
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answer #10
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answered by Anonymous
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