Did Bush's Tax Cuts for Working People create this SMOKING HOT economy?

Question

Since August 2003, more than 8 million jobs have been created, with more than 1.9 million jobs created over the twelve months ending in May. Our economy has now added jobs for 45 straight months, and the unemployment rate remains VERY VERY low at 4.5 percent.

Real After-Tax Per Capita Personal Income Has Risen By 10.2 Percent – More Than $3,000 Per Person – Since President Bush Took Office.

Real Wages Rose 1.1 Percent Over The 12 Months Ending In April. This is faster than the average rate during the 1990s, and it means an extra $672 in the past year for the typical family with two wage earners.

The Economy Has Now Experienced Over Five Years Of Uninterrupted Growth, Averaging 2.9 Percent A Year Since 2001.

Real GDP grew a strong 3.1 percent in 2006.
Consumer Confidence In The First Quarter Of 2007 Was At Its Highest Level Since 2001.

Industrial Production Rose A Solid 0.7 Percent In April, With Manufacturing Production Growing 0.5 Percent.

Answer 1

Yes, the greatest story never told is the Bush economy.

Tax cuts help the economy because people simply have more money to spend. This helps business which does more hiring and creates more jobs.

The Democrats "raising taxes to cure all ills" is just insane.

I don't agree with Bush on everything or even most things but he got this one right.

Answer 2

Your averages don't tell the whole story, because it's not the working class that received or that benefits from the bulk of Bush's tax cuts, it's the very wealthy.

Here's a simple little illustration: ten people each make $10,000/year. One of them gets promoted to chairman and gets a raise to $100,000/year, six are fired when their jobs get sent to India, and the remaining three get hired to clean the chairman's home for $4,000/year.

The "per capita income" has now gone UP to $11,200 per year, hasn't it?

Are you aware that the government has reclassified fast-food jobs as "manufacturing"?

Answer 3

There was a mild recession in the economy in 2001 and 2002. Rate hikes have helped taper inflation. Unemployment is down recently, but was up overall in Bush's first term. The housing boom and cheap bank debt have done more too fuel the economy than the gov'ts efforts.

Answer 4

Yes. Low taxes help stimulate the economy.

Answer 5

In 2005 for every $500,000 humans gave to corporations we got 1 job. I don`t think that is the kind of trickle down the American people had in mind.

Answer 6

Government prosecution of organized crime is the ultimate hypocrisy. They extort money from an entire nation in the form of taxes under the threat of incarceration, take their cuts, and give us "protection" from the other countries.

Give me LIBERTY or give me...

Answer 7

absolutely, but try convincing the pelosi/reid regime of that. reagan proved the tax and spend philosophy of the extremists was a doomed failure.

Answer 8

youre quite clever for a blonde, arent you?

i used to be blonde, before I died

ive no idea what youre talking about, as Im from the UK

i need to go and lie down in a darkened room now