- Nov 14, 2011
- Reaction score
The NBER says you're lying. You should stop.yes he did, the 1968 recessionLike I always say, if conservatives didn't lie, they'd have absolutely nothing to say.Nixon economically wasn't a great President at all...he was still following the failed Johnson/FDR failed policies, it didn't help that Nixon took over in the middle of a recession eitherFirst of all, it was NIXON who destroyed the economy to get reelected by having the FED pump his dying economy with money jacking up inflation, followed by incompetent boob Ford's stupid solution of WIN buttons (Whip Inflation Now).he raised taxes after he lashed them and got the economy back after the dems destroyed it and never made rates as high as they were beforeHe raised taxes in 1982, 1983, 1984, 1986 and 1987. But you knew that already.He raised taxes on everythingHe raised taxes on everything including SS, except the income of the rich to offset the loss of revenue from his tax cuts for the rich.That was his only policy at that point, and when Regan raised taxes at the end of 1982 we pulled out of the Great Reagan Recession.Well you explain how Reagan threw us into a great recession.
You think tax cuts caused a recession?
Have you always been stupid, or is this a recent decline?
It wasn't taxes?
and when Regan raised taxes at the end of 1982
Which taxes did he raise? From what level to what higher level?
Got any solid numbers behind your claim?
Back up your claim........unless you can't?
Something had to make up for the financial hole created by Reagan's famous cuts.Something had to make up for the financial hole created by Reagan's famous cuts.www.bloomberg.com
The 1981 tax cut reduced revenue by an average of 2.89 percent of gross domestic product over the four years after it was enacted, according to the Treasury Department's analysis, which does not attempt to incorporate any macroeconomic effects of tax changes. When I added up the four-year average revenue impact of the next seven significant tax changes approved by Congress, in 1982, 1983, 1984, 1986, 1987, 1990 and 1993, I found that they equaled 2.98 percent of gross domestic product.
No, liar, Nixon did not inherit a recession.
The last Democrat president to hand a recession to a Republican was Woodrow Wilson, 100 years ago.
See if you can name the last Republican president who didn't have a recession on their watch...?
Regardless, the economy was doing “ok” as to be expected during the remain of nixon’s terms...it took Carter and the dems a couple more years to up end things.
You're also lying about the "remain of Nixon's terms." Nixon's terms ended in 1974 while we were in a recession, which Ford inherited.
Now what about my question was too difficult for you to understand?
Name the last Republican president who didn't have a recession on their watch...?