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Originally Posted by Jim in CT
Spence, I'm not ignoring the Internet bubble or energy prices. And similarly, the economic growth during Bush's first 7 years was largely fueled by real estate values increasing (and low interest rates). I admit those all played a part. I'm not ignoring anythiing. Unlike you, I don't ignore that which doesn't serve my agenda.
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Why didn't you mention it then?
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YOU ARE THE ONE ignoring the reality that the Clinton and Bush tax cuts (and the increased consumer demand that is the inevitable result) also helped fuel the economy. You must ignore that fact, because for you to admit that fact would be to admit that conservatives have some good ideas, and you cannot ever bring yourself to admit that. Earth to Spence...individuals spend their own money much more effeciently than the feds.
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No, I'm just appreciating the other factors. The short-term effect tax rates have on the economy is really dependent on many factors, it's not a simple up or down...that's the ideology talking. Republicans are full of all sorts of nonsense on this issue.
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Spence, on the issue of taxes...can you name a large economy, based on high federal taxes, that is thriving?
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Australia, Brazil, Germany etc...
-spence