We All Know That DEMS Raise Taxes When Elected But Is It True They Will Cause A Recession Too?

Question

I hate to think back to the WORST economy ever which was under Jimmy Carter.

Answer 1

Yes

If I take more of your paycheck, does that encourage you to go out and spend money? So yeah, by higher taxes, the economy will suffer!

Clinton's last year was a disaster! Tech stocks tanked, and unemployment was going up. The sucess during the Clinton years was due to the lowered taxes of the Reagan years. Not the Largest Tax hike in American history by the Clintons. Tax hikes don't stimulate economies, that was painfully learned during the Carter era! But not by libs appearently!

Answer 2

Then explain Clinton. Clinton as a Democrat who reduced the size of Government, returned us to having no National Debit for the first time since Johnson and lead the United States into the greatest period of financial growth since the Roaring Twenties he raised the estate tax and cut middle class taxes. Bush 43 is a Republican who has lead us into larger government, and the highest National Debit ever all while he lowered the estate tax and raised the tax of the middle class. Go figure.

Actually the "Worst Economy every was under Herbert Hoover it was called the Great Depression. All things are relevant , Bush 41 helmed the US into the growth period that we are now living in but he didn't survive in office to see it. Clinton gets the credit. Now it seems that that period will be ending just about at the time of the ending of the Bush 43 Administration and the winner of the next Presidential Election will have to live with that problem. Just as Carter's problems started during the Ford Administration and he ,Carter, got the blame. Fair maybe not but it does fuel the pundits.

Answer 3

If you're old enough to remember Jimmy Carter, you're old enough to remember that Reagan rolled back most of his tax cuts, and that GHW Bush increased taxes after his famous statement "Read my lips, no new taxes" If you're old enough to remember Jimmy Carter so well, you're old enough to remember Gerald Ford's administration, where the bad economy began with his whip inflation now program that did nothing but increase it. And you're certainly old enough to remember Clinton where we had the largest economic expansion ever and a budget surplus.

The fact is, we've run a deficit every year under W Bush, and tax cuts should never accompany a war. That why our national debt, the total indebtedness of the US for all the years of our country's existence, has doubled in just 7 years. That's why your grandchildren will be paying for Bush's tax cuts, so I hope you enjoyed that $600 refund a few years ago. Taxes WILL go up. The bills are coming due, no matter who's elected. The only difference is that Republicans will put more of the burden on the middle class.

Answer 4

No.

Recessions are not caused by the government - they can be made a bit shallower or deeper, briefer or longer, or they can be put off for a short time or hastened. Ultimately, the economic cycle is determined by the markets, many factors come together to bring about a boom or a bust, though one is usually siezed upon in retrospect. The boom of the late 90's for instance, was largely credited to the internet, the "dot com" phenonmenon (and that's correct), but there were other factors (like tax reform in the 80s), that contributed to the general strength of the economy. And, there were others that exacerbated things, setting the stage for a recession when that single-industry bubble burst.

Even when a government policy does have a serious impact on the economy, it often takes more than a presidential term or two to play out. The 'stagflation' of the 70s happened on Carter's watch, the seeds of it were sown as much as 40 years earlier, by the administration of FDR.

Answer 5

Ok, so the worst economy was 30 years ago, in a massively different political and social economy, where we were just coming out of a long war in southeast asia.

As far as taxes, you've got two options. Reduce spending, or raise taxes. Bush wants to keep spending, so the only option is to raise taxes. Or to make our children pay by causing the national debt to explode, which is what the Republicans did for the past 6 years.

Answer 6

No, they won't cause it. This war will cause it. When this war ends there will be a recession unless we are lucky enough that the economy is strong enough to absorb the dependency on a war economy that we have now. This has always been the case.
Carter presided over a post Nixon/Ford administration post Viet Nam war recession. The thing that got us out of it was after 3 years of Reagans huge spending military build up. But that ended up in the tanking of the economy in 1988 with the stock market crash. Bush Sr. never got us out of that recession either, and it took Clinton's policies to get us out. War is no way to improve an economy. Spend the money on the country's infrastructure and that will stimulate the economy more long term than a perpetual war economy.
There are times when we have to spend the money to stave off a recession. And, there are times when we have to raise and lower taxes for various reasons. Bush has raised spending but hasn't offset it with raising taxes. We are long overdue on both.

Answer 7

Dems really have had no other choice since they were taking over from huge government spending Repubs who ran up huge federal debt while at the same time giving record tax breaks to the rich. The Dem winning in 08 will have the same problem, Bush has had uncontrolled federal spending for 8 years, record federal deficits, there will be no other options other than eliminate the rich tax breaks, raise other taxes, and drastically cut government spending.

Answer 8

Democrats normally desire financial fashions wherein definitely definitely everyone have comparable burdens and you have an extremely great, healthful financial gadget, yet no person person or people has very lots 'ability' over others. Republicans generally desire regulations the place there's a smaller financial gadget and there is 5% or so individuals that are quite efficient and may even rape/maim/kill people and have their pal judges restore issues. in terms of existence variety, in case you're interior the 5% of the GOP, that's in all possibility the final existence variety, however the different ninety 5% get crapped on lots so as that they at last get mad approximately it. interior the Democratic variety you will in all possibility have 10,000 millionaires and interior the GOP variety a techniques fewer, yet back, decrease than the GOP variety those few are quite efficient and have non-economic 'powers' over people. So, no, it is not that Dems do no longer pay them, they only desire them to be very uniform around the board, while the GOP favors regulations that enable concentration of wealth (and passing all of it the way down to family individuals to create 'ability households' like in previous England).

Answer 9

What about the best economy ever under Bill. Besides, Democrats raise taxes to pay for the over spending of Republicans. If they balanced their private industry budgets the way they balance the national budget, they'd be bankrupt in less than a year.

Firstly, NIXON, a republican, created inflation by calling back all the silver certificates and basing our money on copper. And secondly, the amnesty thing is Bush's baby, again republican.

Answer 10

If we are unlucky or dumb enough to get both a democratic congress and president hold onto your hat. The corporations will take advantage to the lack of leadership like in the Carter days. Then the foreign elements will pull the biggest snow job ever on the whole Washington crowd. The lack of any progress by this congress and the flip flops of candidates demonstrates the inability of the democrats to handle responsibility. Just look at how Pelosi gleamed as she pronounced a bill she knew will be vetoed passed.