Yes and the economy was still rolling along quite well and the budget heading towards surplus as tax revenues poured in, a 15% increase that year and a paltry $161B deficit. And what did the Democrats run and promise they were going to do when they won back the Congress which they? Higher taxes, more regulations, higher cost to employ people, HUGE government spending increases, HUGE government expansion, MORE government subsistence payments and support for able bodied people to not work. Ahhhh no, the above started day one, in fact it started in November 2006 when they won back the Congress. "The TARP program originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP program. " https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program And it was all paid back with interest. That is what stopped the financial meltdown, not anything Obama did. I listed them which are you denying and yes tax rate cuts are very good ways to mitigate the damage of slowdowns/recessions and get us into recoveries as the Republican proved under Bush. The only problem we had with supply-side was a Democrat take over and promise to reverse it. Had the Democrats done one thing and backed away the recession would not have been as deep nor as long and the markets and business would have adjusted and gotten through, capital would have been reallocated from failed business to profitable business, labor would have been reallocated as it became available from those failed businesses into profitable business. As what happens in our cyclical economy. That's what the Republicans did in 2001, they passed supply-side tax cuts and ensured business and the markets they were going to engage in massive new costly regulations or try to run their business. They made two mistakes. First the mini-demand-side $600 tax prebate which failed as such demand-side policies do. Second phasing in the tax rate cuts over 5 years instead of a MUCH quicker phase in, they corrected that in 2003 with the second economic act which fully phased them in in 2004 and the economy took off, tax revenues poured in and the budget rapidly fell from their worst $400B in 2004 to their measly $161B in 2007. THEN the Democrat took budget and fiscal policy control. They not only soared the deficit to their whopping $1,400B in just two years they never even came close to the Republicans WORST deficit. And that is exactly what Trump and the Republicans are doing now, those same policies and we have seen the results all year.
You injected yourself and if you are going to declare someone lost credibility you better you know what you are talking about. So do you also claim Bush could have vetoed the Democrats 2009 budget? Rahl claimed he could have and should have and when I replied no he couldn't said I didn't know what I was talking about and must only have had a 6th grade civics education. So I asked him to explain how Bush could do that. He he edited it out of my post, you know what he complained about me doing when asking him to answer a question with a question. And I asked him again to back his claim and again he edited it out of my post. And again and again and again, so I find it a little ironic he complained about my, balls in your court answer my question. So I'm still waiting for an answer from rahl and aren't you just a little bit curious how Bush could have done this, I certainly am. Heck I might even learn something new.
OK he just edited mine, AGAIN, but do show me the rule that responding to a person's post requires the entirety of the post be quoted? Brevity is sought for, and since his answering my question with a question was a dodge once again I need not respond to it so no need to quote. I was awaiting MY answer from him. It's why I cut him off, he keeps deleting my question in his quote of my post. He can't have it both ways. I do, you believe Bush could have vetoed the Democrat's 2009 budget? Please explain how?
You can assess blame as a preamble to your remarks, but I do think voters are going to put the blsme on Trump and the Republicans. You're focused on "red meat" that's only associated with Democrats in the minds of a few people. Why? Because your head is stuck in the Angry Middle-Aged White Male Religious Traditionalist Rightwing Open Mouth Media Echo Chamber. You can't ransom children seeing a doctor. "Barry-cade?" What on earth are you going on about now? My guess is you'll end up with the same one-third support on this issue you have on everything else. Liberals and independents will line up on the other side.
This is what happens when you alter posts. Your question about bush was not in your post to me. I do, meant I had proof of your post being deleted was dishonest.
Trumpites around here are crowing over the shutdown. They drift between thinking it's a chance to get at Democrats, cut off people they don't like, and joy at the chaos. Those who overstayed a visa came in through the front door. What are you talking about? It remains to be seen if average folks will be impressed with the crumbs they get from the tax cuts. Yeah, I made my point to anyone who might be paying attention.
You should learn something about the budget process, https://www.thebalance.com/fy-2009-u-s-federal-budget-and-spending-3306311
It's not a "ransom", Silly, it's additional spending. The Petulant Obama blocked off monuments during his shutdown. Trump will engage in no such nonsense. A real scummy one, that Obama.
Republican cut taxes and call it supply side. Real supply-side is about taking steps to increae output per unit of input. But then you aren't an evonomist, so you wouldn't know that.
Real supply side is about increasing supply so that growth doesn't dissolve into inflation, Silly! DEMS SAID NET NEUTRALITY WOULD KILL VAST NUMBERS OF PEOPLE, BUT THEY’RE CLUTCHING THEIR PEARLS ABOUT THIS: “Democrats who stand in our way will be complicit in every murder committed by illegal immigrants.”
They didn't increase taxes and a Republican President was riding the range on regulations. You're making it up and ignoring that the recession was looming when Democrats took offce. They didn't take office until January 2007. Rate cuts for consumers are one way to deal with a demand deficit. They have drawbacks including recipients sometimes choosing to pay down debt, save it, or spend it on foreign goods. Lord Keynes established market economies aren't self-correcting. You're flat wrong, both in terms of your analysis on the 2008-2009 recession and your understanding of what supply-side is all about. You don't seem to understand, either, that the destruction of otherwise good businesses is costly to the system. Businesses are more than capital assets. The tax cuts were a Keynesian demand-side action. They created deficits while stimulating demand. Bush did little to imrove output per unit of input. Tax revenues didn't increase to 2000 levels until 2006, meanwhile spending continued. There weren't any tax cuts in 2017.
Republicans are holding up children's healthcare in an effort to pressure Democrats. Smells like ransom to me.
Go back and read mote slowly But the markets and business knew what their policies would be in November of 2006. Or invest it or purchase a new durable good or improve their own budget… ..whats your point? The Democrats routinely prove Keynes wrong. Ans self serving declarations refute nothing. We do best when gkvernme t lowers the barriers to economic growth and gets out of the way and allow those who run the businessss and markets do their jobs. What is an 'otherwise good business'? And basically a business is kts capital assets and some intrinsic value perhaps. Of that business is under performing then capital and assets need to be reallocated along with the labor. Slowdowns and recessions, nkrmal business cycles, weed those out. No they weren't especially the capgains tax cuts and no they dient both the 1996 amd 2001 rare cuta produced soaring tax revenue and record tax revenue growth. That helped produce budget surpluses in the former ans heading there in the latter. But we knew they were coming.
Well no that would be increasing productivity which js often a result of supply side and which we did see as a result of the 2001 supply side tax rate cuts. And you would do better posting what you know instead of trying to assert what you fallaciously think I know or dont know, Ill gladly fill you in.
You already admitted you didnt even read the post history stop being argumentitive. So do you agree with rahl Bush should have vetoed the Democrat 2009 budget?
I know it quite well. Explain how Bush could have and should have vetoed the Democrats 2009 budget which produced that whopping $1,400B deficit.
Lack of rebutal noted along with your lack of knowledge as to the economic history. You've been given the accurate dates of the recession. Deal with it.
Supply side policies always crater the economy, wherever in the world they're tried. Hence, they will crater the economy this time. Just in time for midterms. It's not rocket science. Producers won't increase production if there's no demand for the product being built. Economies are demand-driven. The current supply side policies send healthcare costs screaming up, so consumers as a whole will have less money to spend. Less government spending just compounds the problem.
On shutdown, Democrats have a lot of explaining to do. Democrats chose protections for recipients of Deferred Action for Childhood Arrivals (DACA) recipients over funding the government. They will have to explain that to the American people. 56% of Americans, according to a recent CNN poll, said approving a budget to avoid a shutdown was more important than continuing DACA. Thirty-four percent thought renewing DACA was more important than preventing a shutdown. President Trump has been clear on his goal for dealing with immigration. Along with a DACA fix, he wants increased security at the border, an end to chain migration, and an end to the visa lottery program. With that in mind, first things first: fund the government now and address DACA by its March deadline. It’s shameful that our military and the Children’s Health Insurance Program (CHIP) will suffer.. Dems have been on a 15 month Rage-Fest over Donald Trump beating them last Nov. Now that they have so badly mis-stepped, it's time they paid the price for their fifteen months of mindless rage.
Slow and steady lead to working at McDonalds as a career. This country can't operate on a steady 1-2% GDP
Well, you can strangle inflation by restricting money supply, essentially you will throttle demand back to supply levels.
