In Reply To:
The President didn't inherit a recession.
What are the measures by which you determine a recession:
- booming economy
- record low unemployment
- no inflation
- diminishing deficit
- eliminating the need for the 20 yr treasury (which subsequently we brought back)
Your comment that he inherited a recession is absurd. In 2000, we were up to our ass in ice cream. The newspapers complained about sharks.
But the tax cuts were useless. The OMB just issued a paper on this. Don't debate me. Read the paper. Or talk out your bum.
Besides the tax cuts, what economic policy has the President proposed to which you attribute the booming economy?
Obviously you have a flawed memory as to the economics of the 99-2000. Secondly none of things you list have a single thing to with a recession. Yopu talk as if you are Mr economist "don't debate me on this" yet you don't even know the basic definition of a recession, talk about talking out your bum. The classic definition by any economist with half a brain is two consecutive quarters of negative growth in real GPD which in fact was the case in 2000.
Also showing your ignorance for basic economics the tax cuts have had a huge effect on the economy. I would say they are easily the single best thing that has been done to stimulate growth. Beyond that there has been a loosening of many regulations which got the government out of business lives and allowed them to do what they do best create jobs. Please show me the OMB's report, I did a search could nothing of the sort, but I did find this http://www.whitehouse.gov/cea/nta-spring.html Please show a link to the report you are talking about.
Since you were so in love the previous admin and their economic policies please inform me as to exactly what they did to stimulate the economy. I really have been waiting to hear this..... Also since you appear to think tax cuts do not help and economy please help me understand how the previous admins tax increases helped the economy.
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