To start with bushes tax cuts created 7 million jobs in 5 years, in addition

Discussion in 'Politics' started by JRK, Apr 12, 2011.

  1. JRK
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    JRK Senior Member

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    2003...... 129,999 108,416 21,816 572 6,735 14,510
    2004...... 131,435 109,814 21,882 591 6,976 14,315
    2005...... 133,703 111,899 22,190 628 7,336 14,226
    2006...... 136,086 114,113 22,531 684 7,691 14,155
    2007...... 137,598 115,380 22,233 724 7,630 13,879
    2008...... 136,790 114,281 21,334 767 7,162 13,406

    lets see how tax cuts from the 80s in addition with this has done

    1980...... 90,528 74,154 24,263 1,077 4,454 18,733
    1981...... 91,289 75,109 24,118 1,180 4,304 18,634
    1982...... 89,677 73,695 22,550 1,163 4,024 17,363
    1983...... 90,280 74,269 22,110 997 4,065 17,048
    1984...... 94,530 78,371 23,435 1,014 4,501 17,920
    1985...... 97,511 80,978 23,585 974 4,793 17,819
    1986...... 99,474 82,636 23,318 829 4,937 17,552
    1987...... 102,088 84,932 23,470 771 5,090 17,609
    1988...... 105,345 87,806 23,909 770 5,233 17,906
    1989...... 108,014 90,087 24,045 750 5,309 17,985

    1990...... 109,487 91,072 23,723 765 5,263 17,695
    1991...... 108,375 89,829 22,588 739 4,780 17,068
    1992...... 108,726 89,940 22,095 689 4,608 16,799
    1993...... 110,844 91,855 22,219 666 4,779 16,774
    1994...... 114,291 95,016 22,774 659 5,095 17,020
    1995...... 117,298 97,865 23,156 641 5,274 17,241
    1996...... 119,708 100,169 23,409 637 5,536 17,237
    1997...... 122,776 103,113 23,886 654 5,813 17,419
    1998...... 125,930 106,021 24,354 645 6,149 17,560
    1999...... 128,993 108,686 24,465 598 6,545 17,322

    2000...... 131,785 110,995 24,649 599 6,787 17,263
    2001...... 131,826 110,708 23,873 606 6,826 16,441
    2002...... 130,341 108,828 22,557 583 6,716 15,259
    2003...... 129,999 108,416 21,816 572 6,735 14,510
    2004...... 131,435 109,814 21,882 591 6,976 14,315
    2005...... 133,703 111,899 22,190 628 7,336 14,226
    2006...... 136,086 114,113 22,531 684 7,691 14,155
    2007...... 137,598 115,380 22,233 724 7,630 13,879
    2008...... 136,790 114,281 21,334 767 7,162 13,406

    Ok let us see what those tax cuts had to do with the housing bubble bursting?
    any-one know?
     
  2. M14 Shooter
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    M14 Shooter The Light of Truth

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    The Obama's tax cuts wil create jobs as well.
    But the left will never admit it.
     
  3. Old Rocks
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    Old Rocks Diamond Member

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    The jobs created under Bush never even kept up with the young people gradauting from high school and college. And Clinton instituted tax increases, yet we had the greatest economic expansion in this nation from 1993 to 2001.

    Essentially, you fellows are full of shit. The tax cuts benefited nobody but the very wealthy. The rest of us have seen our equity in both our homes and in the investments we made decrease dramatically under Bush. And they will even decrease further if the right wingnuts currently in control of Congress get their way.

    If we wish to get the deficit reduced, we have to go back to the tax structure under Clinton, cut the loopholes from our present tax code, and institute a higher rate for those making more than 1 million a year. And tax capital gains and divedends the same as normal income.


    The Clinton Presidency: Historic Economic Growth

    Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote. Prior to 1993, the debate over fiscal policy often revolved around a false choice between public investment and deficit reduction. The 1993 deficit reduction plan showed that deficit and debt reductions could be accomplished in a progressive way by slashing the deficit in half and making important investments in our future, including education, health care, and science and technology research. The plan included more than $500 billion in deficit reduction. It also cut taxes for 15 million of the hardest-pressed Americans by expanding the Earned Income Tax Credit; created the Direct Student Loan Program; created the first nine Empowerment Zones and first 95 Enterprise Communities; and passed tax cuts for small businesses and research and development.
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Maybe you should put some column headers in there so we'll know what we're looking at.


    Not sure you can absolutely say that those tax increases were soley responsible for the additional jobs. Certainly didn't hurt, we needed the stimulus.
     
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  5. Old Rocks
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    Old Rocks Diamond Member

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    These are the real numbers concerning job growth under Bush, according to the Wall Street Journal. About 1/2 of the claimed 7 million.

    Bush On Jobs: The Worst Track Record On Record - Real Time Economics - WSJ

    By WSJ Staff
    President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

    His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton‘s administration and only slightly better than President George H.W. Bush did in his four years in office.

    Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.

    Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records. –Sudeep Reddy
     
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  6. M14 Shooter
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    M14 Shooter The Light of Truth

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    Show causation.

    Why then did The Obama continue them?

    How have they done under The Obama?

    It is impossible to meaningfully reduce the deficit by raising taxes.
     
  7. auditor0007
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    auditor0007 Gold Member

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    While I agree that capital gains should be taxed at a higher rate, we have to be careful with this because many capital gains are long term gains and a good percentage of the gains are actually only inflationary gains rather than real gains. It would be great if we could have two rates, a higher rate for short term gains, and a much lower rate for long term gains. I bet accountants would be drooling over that one.
     
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  8. 8537
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    8537 Senior Member

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    The largest tax hike since WW2 (TEFRA) led to the Reagan era creating millions of jobs!

    The 1993 Clinton Tax Hike led to the greatest jobs expansion in US history, creating nearly 22M jobs in seven years!

    <<See how easy that is?>>
     
  9. rdean
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    rdean rddean

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    No tax cuts for wealthy people ever created a single job.

    Republicans don't even know the most basic of economics. Jobs are only created through "supply and demand". Without demand, there is no supply, hence, no jobs. PERIOD!

    Moving the wealth of the nation to the top 1% ensures there will be no demand. Because no one has any money to spend. Yes Virginia, it's just that "simple".

    The 50's was considered the "Golden Age" of the American Economy. The budget was balanced under the last Republican President to balance the budget. His name was Dwight Eisenhower. Too bad we don't go back to those rates. No one can possibly accuse President Eisenhower of being a "socialist" or a "communist". What would he think of today's rabid white wing? One wonders.
     
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  10. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    You wanna be adult about it, I'm good with that. You wanna get nasty or insulting, I can play that game too.
     

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