Hey cons. Which one is it?

Question

Which excuse are you going delude yourself into believing now that I've shown Keynesian presidents like FDR, JFK/LBJ, and Clinton leave tax cuts for the rich supply side presidents like Reagan and Bush Jr in the dust?

1) Having the highest real GDP on record is proof tax cuts for the rich work, regardless of the fact that every single president since atleast FDR could have said the same thing when they were president.

2) It takes 4, 8, and sometimes 12 years for a president's policies to have an effect on the economy. That's why Clinton was reaping the rewards of Reagan's tax cuts (let's just forget the Bush Sr recession for now)

3) Government policy has absolutely no effect on the economy whatsoever. FDR, JFK, LBJ, and Clinton were just plain lucky.

1) Here are the percent increase in real GDP for various presidents:

FDR 177.51% (from 32' to 45')
FDR 88.14% (from 32' to 41', without WWII)
JFK/LBJ 46.00%
CLINTON 33.81%
REAGAN 30.63%
BUSH JR 16.55% (from 00' to 06')

http://www.bea.gov/national/xls/gdplev.xls

2) Here is the percent increase in inflation adjusted tax revenues:

FDR N/A
CLINTON 57.91%
JFK/LBJ 37.63%
REAGAN 20.16%
BUSH JR 4.44% (assuming predictions up to 2008 hold)

http://www.whitehouse.gov/omb/budget/fy2007/sheets/hist01z3.xls

3) Here is the percentage point change in poverty for various presidents:

FDR N/A
JFK/LBJ -9.40
CLINTON -3.50
REAGAN +0.00
BUSH SR +1.80 (88' to 92')
BUSH JR +1.30 (00' to 05')

http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html

4) Here is the change in inflation adjusted median wage in net dollars and percent:

NET DOLLARS

FDR N/A
JFK/LBJ N/A
CLINTON +5,825
REAGAN +3,429
BUSH JR -1,273 (00' to 05')
BUSH SR -1,394 (88' to 92')

PERCENT CHANGE

FDR N/A
JFK/LBJ N/A
CLINTON +13.94%
REAGAN +8.62%
BUSH JR -2.67% (00' to 05')
BUSH SR -3.23% (88' to 92')

http://www.census.gov/hhes/www/income/histinc/h06ar.html

Here are the jobs created in percent change and net millions:

PERCENT CHANGE

FDR 95.69% (32' to 45', NYT: DERIVED FROM AVERAGE ANNUAL RATE OF +5.3%)
FDR 40.04% (39' to 45', no pre-39'gov data found yet)
JFK/LBJ 29.35%
Clinton 20.73%
Reagan 17.69%
Carter 12.81% (76' to 80')
Bush Sr 2.42% (88' to 92')
Bush Jr 1.55% (00' to 06')

NET MILLIONS

Clinton 22.746
FDR 18.310 (32' to 45', NYT)
JFK/LBJ 15.755
Reagan 16.102
FDR 11.980 (39' to 45', no pre-39' gov data found yet)
Carter 10.339 (76' to 80')
Bush Sr 2.592 (88' to 92')
Bush Jr 2.059 (00' to 06')

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0000000001

Go to "More Formatting Options" and then select "Table Format", *"Original Data Value", "Specify year range", and "Select one time period: January
http://graphics7.nytimes.com/images/2003/07/02/business/03JOBSch450.gif

Answer 1

You guys are turning Answers into crap

Answer 2

10. Myth: The Bush tax cuts were tilted toward the rich.

FACT 1: They were not real tax cuts. They were TAX SHIFTS. All that money will eventually have to be paid back and paid back with interest. America is nearly 3 TRILLION dollars more in the red thanks to Bush.

FACT 2: Most of the tax cut money indeed went to the rich. While Bush was spouting propaganda about average tax cuts being around $1,600, the fact is that the median tax cuts was closer to $300. That means half got more, half got less. It's a bell curve distribution where the big hump of the curve where most people exist is around $300. The average Dubya gave is skewed with all the thousands/millions the rich got back.

9. Myth: The Bush tax cuts have not helped the economy.

FACT: Comparing supply side presidents who cut taxes (mostly for the rich) versus Keynesian presidents who kept taxes the way they were (or raised them) and increased social spending, shows much greater growth for Keynesians versus supply siders. If anything, that is proof TAX CUTS FOR THE RICH DON'T WORK!

8. Myth: Tax cuts help the economy by "putting money in people's pockets."

FACT: Investing money in the people through public education, GI Bills for soldiers, state subsidized universities, student grants, subsidized loans, job training, etc, helps produce an educated skilled population that can help the economy grow. A REAL tax cut with a corresponding equal decrease in spending means more money back to the public but also less government spending not just for the programs I mentioned but also for the defense, energy, agriculture, etc, etc, industries. MONEY DOESN'T GROW ON TREES!

7. Myth: Reversing the upper-income tax cuts would raise substantial revenues.

FACT: Clinton raised taxes on the top 2 percent. FDR had a 90% tax rate on the ultra-wealthy. JFK and LBJ (even after the tiny LBJ tax cut) had high tax rates for the rich also. Tax revenues increased by a larger percent increase under them then it did under Reagan and Dubya.

6. Myth: Raising tax rates is the best way to raise revenue.

FACT: FDR had a 90% tax rate and we had economic growth never seen before or since. That's not even including WWII. Taxes were similarly high under JFK/LBJ and the economy under them grew faster then it did under Reagan and Bush JR. Clinton also raised taxes on the rich and instead of the doom and gloom recession Republicans predicted, we had the longest economic expansion in history.


5. Myth: The Bush tax cuts are to blame for the projected long-term budget deficits.

FACT: It's TRUE. According to the CBO, "The new CBO figures also show that the tax cut of last June is the largest single factor in the ten-year, $4.0 trillion deterioration of the surplus, accounting for 41 percent of it."

http://www.cbpp.org/1-23-02bud.htm


4. Myth: Capital gains tax cuts do not pay for themselves.

FACT: If you wait long enough, you will see tax revenues increase by multiple times because of natural population growth and because natural and expected breakthroughs in technology lead to an increase in markets. However, if you compare 8 year time frames from Keynesian Democrats versus 8 year time frames from supply side Republicans, you will see Dems leave Repubs in the dust.

3. Myth: Supply-side economics assumes that all tax cuts immediately pay for themselves.

FACT: That was the premise under Reaganonmics: that you cut taxes, see the economy grew, and get back more then enough tax revenue from a growing economy to offset the initial tax cut. THIS HAS NEVER HAPPENED! It is why the biggest deficits happen under supply siders like Reagan and Dubya.

2. Myth: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.

FACT: It did. Tax revenues increased by 57.91% after 8 year of Clinton. They are expected to grow by only 4.44% under 8 years of Dubya. You would have expected much larger tax revenue increases over a period of 8 years.

1. Myth: Tax revenues remain low.

FACT: Compared to Clinton's 57.91% increase, JFK/LBJ 37.63% increase, and Reagan's 20.16% increase, Dubya's measly 4.44% is nothing to be proud about. If tax cuts for the rich really do lead to more tax revenues (Would tax revenues increase by infinity if there were no taxes at all) this does not prove it.

Answer 3

WELD DONE, LADDIE. NOTHING CAN ADD TO THAT, YOU EVEN GIVE THE SITE SO THE CONS CAN USE IT...VERY FAIR OF YOU. It's interesting that Reagan was up there interms of the common good, it's why a lot of Liberals accepted him..it's the Neo-Conservation vision that is disturbing, not the common Conservative.

Answer 4

How about Clinton's huge Tax hikes. And the recession Bush 43 Inherited from Slick Willy? How about Clinton letting Bin Laden go free. And being weak on defense. How about pulling out of Somalia after one chopper went down letting thousands die. What about shameful actions while entrusted as our nations leader. Great role model.

Answer 5

since you refuse to learn the difference between causation and casual relations (the first lesson in eco 101) and continue to post this same thing heres some more for you

10. Myth: The Bush tax cuts were tilted toward the rich.

Fact: The rich are now shouldering even more of the income tax burden. From 2000 to 2004, the share of all individual income taxes paid by the bottom 40% of taxpayers dropped from 0% to -4%, meaning that the average family in those quintiles received a subsidy. The share paid by the top 20% of households increased from 81% to 85%.

9. Myth: The Bush tax cuts have not helped the economy.

Fact: The economy responded strongly to the 2003 tax cuts. The 2003 tax cuts lowered income, capital gains and dividend tax rates. These policies increased market incentives to work, save and invest, creating jobs and increasing economic growth.

8. Myth: Tax cuts help the economy by "putting money in people's pockets."

Fact: Pro-growth tax cuts support incentives for productive behavior. Government spending does not "pump new money into the economy," because government must first tax or borrow that money out of the economy. The right tax cuts help the economy by reducing government's influence on economic decisions and allowing people to respond more to market mechanisms.

7. Myth: Reversing the upper-income tax cuts would raise substantial revenues.

Fact: The low-income tax cuts reduced revenues the most. In 2007, the increased child tax credit, marriage penalty relief, 10% bracket and Alternative Minimum Tax fix will have a combined budgetary impact of minus $114 billion -- without strong supply-side effects to minimize that effect. But the more maligned capital gains, dividends and estate tax cuts are projected to reduce 2007 revenues by just $36 billion, even before the large supply-side effects are incorporated.

6. Myth: Raising tax rates is the best way to raise revenue.

Fact: Tax revenues correlate with economic growth, not tax rates. Since 1952, the highest marginal income tax rate has dropped from 92% to 35%, and tax revenues have grown in inflation-adjusted terms while remaining constant as a percent of GDP.

5. Myth: The Bush tax cuts are to blame for the projected long-term budget deficits.

Fact: Projections show that entitlement costs will dwarf the projected large revenue increases. Revenues are projected to increase from 18% of GDP to almost 23% by 2050, while spending is projected to increase from 20% of GDP to at least 38%.

4. Myth: Capital gains tax cuts do not pay for themselves.

Fact: Capital gains tax revenues doubled following the 2003 tax cut. In 2003, capital gains tax rates were reduced from 20% and 10% (depending on income) to 15% and 5%, respectively. Rather than expand from $50 billion in 2003 to $68 billion in 2006 as the CBO projected, capital gains revenues more than doubled to $103 billion.

3. Myth: Supply-side economics assumes that all tax cuts immediately pay for themselves.

Fact: It assumes replenishment of some but not necessarily all lost revenues. Supply-side economics never contended that all tax cuts pay for themselves. Rather the Laffer Curve merely formalizes the common-sense observations that: Tax revenues depend on the tax base as well as the tax rate; raising tax rates discourages the taxed behavior and shrinks the tax base, offsetting some of the revenue gains; and lowering tax rates encourages the taxed behavior and expands the tax base, offsetting some of the revenue loss.

2. Myth: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.

Fact: Nearly all the 2006 budget deficit resulted from additional spending above the baseline. Historic spending increases pushed federal spending up from 18.5% of GDP in 2001 to 20.2% in 2006.

1. Myth: Tax revenues remain low.

Fact: Tax revenues are above the historical average, even after the tax cuts. Tax revenues in 2006 were 18.4%of gross domestic product (GDP), which is actually above the 20-year, 40-year, and 60-year historical averages.

Answer 6

Your stand up act gets better and better all the time. But I can't see if you're keeping a straight face or not.

Answer 7

Hey....Why SHOULD we forget the Bush Sr. recession????
All I know is we had 12 LONG years of Repube.....then along came Clinton.....Halleujia!!!

Answer 8

My post is bigger than your post.

Answer 9

I will never vote for her or any democrat.
If Hillary takes it in 08, any bets on what that body count will be?

Just a quick refresher course lest we forget what has happened to many "friends"of the Clintons.

1-James McDougal - Clinton's convicted Whitewater partner died of an
apparent heart attack, while in solitary confinement. He was a key witness
in Ken Starr's investigation.
2 -Mary Mahoney - A former White House intern was murdered July 1997 at a Starbucks Coffee Shop in Georgetown. The murder happened just after she was to go public with her story of sexual harassment in the White House.
3- Vince Foster - Former White House councilor, and colleague of Hillary
Clinton at Little Rock's Rose Law firm. Died of a gunshot wound to the head,
ruled a suicide.
4- Ron Brown - Secretary of Commerce and former DNC Chairman. Reported to have died by impact in a plane crash. A pathologist close to the
investigation reported that there was a hole in the top of Brown's skull
resembling a gunshot wound. At the time of his death Brown was being
investigated, and spoke publicly of his willingness to cut a deal with
prosecutors. The rest of the people on the plane also died. A few days later
the Air Traffic Controller commited suicide.
5- C. Victor Raiser II. Raiser, a major player in the Clinton fund raising
organization died in a private plane crash in July 1992.
6-Paul Tulley - Democratic National Committee Political Director found dead
in a hotel room in Little Rock, September 1992. Described by Clinton as a
"Dear friend and trusted advisor".
7-Ed Willey - Clinton fund raiser, found dead November 1993 deep in the
woods in VA of a gunshot wound to the head. Ruled a suicide. Ed Willey died
on the same day his wife Kathleen Willey claimed Bill Clinton groped her in
the oval office in the White House. Ed Willey was involved in several
Clinton fund raising events.
8-Jerry Parks -Head of Clinton's gubernatorial security team in Little
Rock. Gunned down in his car at a deserted intersection outside Little
Rock. Park's son said his father was building a dossier on Clinton. He
allegedly threatened to reveal this information. After he died the files
were mysteriously removed from his house.
9-James Bunch - Died from a gunshot suicide. It was reported that he had a
"Black Book" of people which contained names of influential people who
visited prostitutes in Texas and Arkansas.
10-James Wilson - Was found dead in May 1993 from an apparent hanging
suicide. He was reported to have ties to Whitewater.
11-Kathy Ferguson- Ex-wife of Arkansas Trooper Danny Ferguson, was found dead in May 1994, in her living room with a gunshot to her head.
It was ruled a suicide even though there were several packed suitcases, as
if she were going somewhere. Danny Ferguson was a co-defendant along with
Bill Clinton in the Paula Jones lawsuit. Kathy Ferguson was a possible
corroborating witness for Paula Jones.
12-Bill Shelton - Arkansas State Trooper and fiancee of Kathy Ferguson.
Critical of the suicide ruling of his fiancee, he was found dead in June,
1994 of a gunshot wound also ruled a suicide at the grave site of his
fiancee.
13-Gandy Baugh - Attorney for Clinton's friend Dan Lassater, died by jumping out a window of a tall building January, 1994. His client was a convicted drug distributor.
14-Florence Martin - Accountant & sub-contractor for the CIA, was related to the Barry Seal Mena Airport drug smuggling case. He died of three gunshot wounds.
15- Suzanne Coleman - Reportedly had an affair with Clinton when he was
Arkansas Attorney General. Died of a gunshot wound to the back of the head,
ruled a suicide. Was pregnant at the time of her death.
16-Paula Grober - Clinton's speech interpreter for the deaf from 1978 until
her death December 9, 1992. She died in a one car accident.
17-Danny Casolaro - Investigative reporter. Investigating Mena Airport and
Arkansas Development Finance Authority. He slit his wrists, apparently in
the middle of his investigation.
18- Paul Wilcher - Attorney investigating corruption at Mena Airport with
Casolaro and the 1980 "October Surprise" was found dead on a toilet June 22, 1993 in his Washington DC apartment. Had delivered a report to
Janet Reno 3 weeks before his death.
19-Jon Parnell Walker - Whitewater investigator for Resolution Trust Corp.
Jumped to his death from his Arlington, Virginia apartment balcony August15,
1993. He was investigating the Morgan Guaranty scandal.
20-Barbara Wise - Commerce Department staffer. Worked closely with Ron Brown and John Huang. Cause of death unknown. Died November 29, 1996.
Her bruised, nude body was found locked in her office at the Department of
Commerce.
21-Charles Meissner -Assistant Secretary of Commerce who gave John Huang special security clearance, died shortly thereafter in a small plane crash.
22-Dr. Stanley Heard - Chairman of the National Chiropractic Health Care
Advisory Committee died with his attorney Steve Dickson in a small plane
crash. Dr. Heard, in addition to serving on Clinton's advisory council
personally treated Clinton's mother, stepfather and brother.
23-Barry Seal -Drug running pilot out of Mena Arkansas, death was no
accident.
24-Johnny Lawhorn Jr. - Mechanic, found a check made out to Bill Clinton in
the trunk of a car left at his repair shop. Lawhorn was found dead after his car had hit a utility pole.
25-Stanley Huggins - Investigated Madison Guaranty. His death was a
purported suicide and his report was never released.
26- Hershell Friday - Attorney and Clinton fund raiser died March 1,
1994 when his plane exploded.
27-Kevin Ives & Don Henry - Known as "The boys on the track" case.
Reports say the boys may have stumbled upon the Mena Arkansas airport drug operation. A controversial case, the initial report of death said, was due to boys falling asleep on railroad tracks. Later reports claim the 2 boys had been slain before being placed on the tracks. Many linked to that case died
before their testimony could come before a Grand Jury.

THE FOLLOWING PERSONS HAD INFORMATION ON THE IVES/HENRY CASE:

28-Keith Coney - Died when his motorcycle slammed into the back of a truck,
7/88.
29-Keith McMaskle - Died, stabbed 113 times, Nov 1988
30-Gregory Collins - Died from a gunshot wound January 1989.
31-Jeff Rhodes - He was shot, mutilated and found burned in a trash dump in April 1989.
33-James Milan - Found decapitated. However, the Coroner ruled his death was due to "natural causes".
34-Jordan Kettleson - Was found shot to death in the front seat of his
pickup truck in June 1990.
35-Richard Winters - A suspect in the Ives / Henry deaths. He was killed in
a set-up robbery July 1989.

THE FOLLOWING CLINTON BODYGUARDS ARE DEAD:
36 -Major William S. Barkley Jr.
37-Captain Scott J . Reynolds
38-Sgt. Brian Hanley
39-Sgt. Tim Sabel
40-Major General William Robertson
41-Col. William Densberger
42-Col. Robert Kelly
43-Spec. Gary Rhodes
44-Steve Willis
45-Robert Williams
46-Conway LeBleu
47-Todd McKeehan

Quite an impressive list! Pass this on. Let the public become aware of what
happens to "friends" of the Clintons!