- Apr 12, 2011
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No, you can start some other thread on that one but for here lets just stay on topic --namely,Of course revenue pops when there is a fake sub-prime boom going on that also exploded the debt. How about showing us a chart of revenue as a percent of GDP? ......Revenue had been falling before the rate cuts, and revenue soared to an all time high afterward. The deficits would have been far worse if revenue had continued to fall without the rate cuts.
Bottom line here is that 'thanking' Obama for a mere $9T in wealth creation admits that the policy falls far short of what we had with tax-cuts plus spending limits....This thread credits Obama's stimulus for a 5.6% annual growth in private net worth. That's less than the 6.8% average since 1949. Bush's tax-cuts were followed by 14% growth. That's far better than average...