Why aren't the Bush Tax Cuts Working?

[rdean]

They were extended 8 months ago, when Obama caved in to the GOP's demands.

Weren't they supposed to create jobs? Wasn't another 800 billion dollar's worth of budget busting supposed to be worth it,

for the jobs?

Obamacare.

Most of that health care hasn't even taken effect. No, the economy you see now comes from millions of jobs being moved to China from 2001 to 2008, and the Republican redistribution of wealth from the middle class to the top 5%. If no one has any money to buy anything, there is no demand, then no supply, and finally, no jobs. That's how the economy works.

Moving the wealth to the top in the hopes they "make jobs", is foolish. I know it's the only economic policy the Republicans have, which is why it's called "trickle down", but this time, the problem is so big because Republicans were in power a long time so the effects of theirs disaster tend to "pile up".

I'm not sure the " blame game" will work for them this time. Their hatred of the black guy in the White House has left their bankrupted policies exposed.

 

[8537]

Try 600 new regulations per month.

Can we see a list?

Granted: To Rule Means To Reign - Investors.com

That's not a list, sorry.

 

[kiwiman127]

A. There were no tax cuts, instead they decided not to raise taxes. Which as you no doubt know, was what would have happened if they had not extended the BTCs. It done by Pres Obama and the dems before the GOP took control of the House, if you don't like it, blame the Dems. But even Obama himself said that to raise taxes in this environment would have been a bad idea.

B. Nobody promised more jobs when the BTCs were extended, it was done to preclude further loss of jobs and head off another recession. That 700-800 billion that the BTCs cost for the top income earners is spread over 10 years, seems like you're trying to imply the entire cost should have an immediate effect.

The Bush tax cuts were supposed to create jobs. They were passed in what, 2001-3? How long does it take?

You should check the BLS employment numbers from 2003 - 2008. Up until the shit hit the fan, those tax cuts worked pretty well.

Well, if one looks at the Worker Participation Graph, it sure looks like the tax cuts didn't increase the worker participation to levels being realized in the late 90's and up to the recession of 2001.

 

[yidnar]

They were extended 8 months ago, when Obama caved in to the GOP's demands.

Weren't they supposed to create jobs? Wasn't another 800 billion dollar's worth of budget busting supposed to be worth it,

for the jobs?

the bush tax cuts do help!! overspending, regulation,
fuel costs,Obamanation care,ect have business owners afraid to invest and hire!!

 

[rdean]

Ok I have to say it.

I am going to use an Obama Defense.

Things would be much worse if not for the Tax cuts. The jobs they added helped keep us from a Depression.

See how that works.

Depends on which tax cuts. I suspect the billions in payroll tax cuts for working people that was part of the stimulus did way, way more for the economy than the Bush tax cuts which blew up the national debt and did way more for the richest Americans. Many of them either hoarded the money or invested it in sending jobs overseas to China and India.

The people who recieved that payroll tax cut pumped that money right back into the economy.

And that's how that worked.

 

[Fyght]

Unemployment would be twice as much as it is now if it were not for the Bush tax cuts. They are the only thing that is keeping the economy afloat right now.

 

[8537]

They were extended 8 months ago, when Obama caved in to the GOP's demands.

Weren't they supposed to create jobs? Wasn't another 800 billion dollar's worth of budget busting supposed to be worth it,

for the jobs?

the bush tax cuts do help!! overspending, regulation,
fuel costs,Obamanation care,ect have business owners afraid to invest and hire!!

Did the payroll tax cut help?

 

[Rambunctious]

Tax cuts are a stimulus not a guarantor of a thriving economy. Too many other factors.

 

[whitehall]

If they aren't working why did Barry extend them?

 

[Mr. Shaman]

A. There were no tax cuts, instead they decided not to raise taxes. Which as you no doubt know, was what would have happened if they had not extended the BTCs. It done by Pres Obama and the dems before the GOP took control of the House, if you don't like it, blame the Dems. But even Obama himself said that to raise taxes in this environment would have been a bad idea.

B. Nobody promised more jobs when the BTCs were extended, it was done to preclude further loss of jobs and head off another recession. That 700-800 billion that the BTCs cost for the top income earners is spread over 10 years, seems like you're trying to imply the entire cost should have an immediate effect.

The Bush tax cuts were supposed to create jobs. They were passed in what, 2001-3? How long does it take?

In 2007, when Nancy and Harry took power, 150.6 Americans had jobs.

.....And, then Lil' Dumbya's economy (with Phil Gramm's help).....went tits-UP!!!!!!


[ame=http://www.youtube.com/watch?v=1y04g6OPLnQ]Obama Dismantles Republican Caucus Part 1 of 7 - YouTube[/ame]​

 

[Mr. Shaman]

They were extended 8 months ago, when Obama caved in to the GOP's demands.

Weren't they supposed to create jobs? Wasn't another 800 billion dollar's worth of budget busting supposed to be worth it,

for the jobs?

What ever Economic Growth and News Jobs realized by the lower tax rates happened long ago.

....And, you "conservatives" can't (exactly) point-'em-out!!​

 

[L.K.Eder]

A. There were no tax cuts, instead they decided not to raise taxes. Which as you no doubt know, was what would have happened if they had not extended the BTCs. It done by Pres Obama and the dems before the GOP took control of the House, if you don't like it, blame the Dems. But even Obama himself said that to raise taxes in this environment would have been a bad idea.

B. Nobody promised more jobs when the BTCs were extended, it was done to preclude further loss of jobs and head off another recession. That 700-800 billion that the BTCs cost for the top income earners is spread over 10 years, seems like you're trying to imply the entire cost should have an immediate effect.

The Bush tax cuts were supposed to create jobs. They were passed in what, 2001-3? How long does it take?

In 2007, when Nancy and Harry took power, 150.6 Americans had jobs.

After 4 years of Democrat Economic wizardry, 139.2 Americans have jobs.

Your party is doing great!

damn, that's really sad.

only 150.6 americans had a job?

 

[kiwiman127]

If they aren't working why did Barry extend them?

Now that's a good question. Obama wanted to extend the cuts for the middle class only and was counting on consumer spending. Trouble is, the middle class didn't spend and it doesn't take a rocket scientist to figure out why. Much of the middle class was/is living check-to-check thanks to almost four decades of flat wages, to extend the tax cut to them didn't give them more money to spend, it just kept them at the status quo. And the upper income tier with their extension also held the line for investing in creating jobs in America. But that same group invested in companies that were and are doing quite well by directing their growth overseas and creating jobs overseas.
So Obama went 0 for 2.

 

[rdean]

If they aren't working why did Barry extend them?

For the umpteenth time, Obama extended them because Republicans forced him to.

Republicans held unemployment for millions of Americans hostage just before Christmas. Obama just couldn't stand to see millions of Americans suffer.

Unemployment benefits: not until Bush tax cuts pass, Senate GOP says - CSMonitor.com

It wasn't that long ago. Look it up on the Internet.

Republicans don't give a shit about the American middle class. We see it in all their policies. From tax cuts for the wealthy, to cutting Medicare to the apology to BP and wanting the middle class to pay for the clean up. THEY DO NOTHING FOR THE MIDDLE CLASS! NOTHING! Obama's payroll tax cut was aimed right at helping the middle class. The Bush tax cuts had just enough to keep the Republican middle class from protesting. But it was really a tax cut for the wealthy. And most of it went to the wealthy no matter what those lemmings on this board say.

 

[Mr. Shaman]

Tax cuts are a stimulus not a guarantor of a thriving economy.

....They (just) never stimulate any revenue!!​

"If there's one thing that Republican politicians agree on, it's that slashing taxes brings the government more money.

If there's one thing that economi$t$ agree on, it's that these claims are false. We're not talking just ivory-tower lefties. Virtually every economics Ph.D. who has worked in a prominent role in the Bush Administration acknowledges that the tax cuts enacted during the past six years have not paid for themselves--and were never intended to. Harvard professor Greg Mankiw, chairman of Bush's Council of Economic Advisers from 2003 to 2005, even devotes a section of his best-selling economics textbook to debunking the claim that tax cuts increase revenues."

Tax Cuts
Don't Boost Revenues​

​

 

[kiwiman127]

A. There were no tax cuts, instead they decided not to raise taxes. Which as you no doubt know, was what would have happened if they had not extended the BTCs. It done by Pres Obama and the dems before the GOP took control of the House, if you don't like it, blame the Dems. But even Obama himself said that to raise taxes in this environment would have been a bad idea.

B. Nobody promised more jobs when the BTCs were extended, it was done to preclude further loss of jobs and head off another recession. That 700-800 billion that the BTCs cost for the top income earners is spread over 10 years, seems like you're trying to imply the entire cost should have an immediate effect.

The Bush tax cuts were supposed to create jobs. They were passed in what, 2001-3? How long does it take?

In 2007, when Nancy and Harry took power, 150.6 Americans had jobs.

After 4 years of Democrat Economic wizardry, 139.2 Americans have jobs.

Your party is doing great!

A recession is determined to be a recession after two successive quarters of negative growth in the GNP. The recession was declared in December of 2007. The downturn in the GDP started in May of 2007. The Dems had been in control for barely five months. Tell me, what legislation did the Dems pass that caused the recession in five months and isn't there a thing called a presidential veto?
Code1211, you're really stretching things here.

 

[skookerasbil]

Nobody cares about George Bush

 

[Mr. Shaman]

Probably the same number that were "saved" by the Obama stimulus.

....At least, Republicans were taking credit for them!!!

[ame=http://www.youtube.com/watch?v=w894xqReOdo]Rachel Maddow Exposes Republican Hypocrisy For What It Is......BS.flv - YouTube[/ame]​

Now there is a trustworthy unbiased News source.

Yeah.....it's gotta drive you Teabaggers NUTZ.....watching Republicans handing-out Obama's $TIM-BUCK$!!!!!

.

.

.

 

[L.K.Eder]

Nobody cares about George Bush

i care. i want him to live in scheveningen.

 

[Fyght]

If they aren't working why did Barry extend them?

For the umpteenth time, Obama extended them because Republicans forced him to.

Republicans held unemployment for millions of Americans hostage just before Christmas. Obama just couldn't stand to see millions of Americans suffer.

Unemployment benefits: not until Bush tax cuts pass, Senate GOP says - CSMonitor.com

It wasn't that long ago. Look it up on the Internet.

Republicans don't give a shit about the American middle class. We see it in all their policies. From tax cuts for the wealthy, to cutting Medicare to the apology to BP and wanting the middle class to pay for the clean up. THEY DO NOTHING FOR THE MIDDLE CLASS! NOTHING! Obama's payroll tax cut was aimed right at helping the middle class. The Bush tax cuts had just enough to keep the Republican middle class from protesting. But it was really a tax cut for the wealthy. And most of it went to the wealthy no matter what those lemmings on this board say.

Republicans didn't force him Obama to do anything. Obama wanted to shower his voters with more handouts after they already had 99 weeks of them. These people have been on vacation for 2 years. Enough is enough.