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Quote by: godsmercenary How about "the reason the economy is so good is because of Bush's economic policies"? |
that's just an invitation for all sorts of uninformed banter... but, in case someone does want to take that goofy route, i'd preface it by saying that all these glorious "tax cuts" actually are not tax cuts.. they're nothing more than loans by foreign governments/banks.
we'll be paying off these loans, with interest, for quite a long time. not sure what they bought us either.
i've always argued that the fed's rate cuts were what lifted the country out of recession and caused a major boom in the market. plus, there's strong, historical evidence that this is, in fact, the case. you'll rarely ever find an economist who argues differently - or that bush's "tax cuts" had a remotely proportional effect compared to the fed's rate cuts. these "tax cuts" compared to the rate cuts is like a drop of water vs. a river.