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B I O B....blame it on Bush...
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<blockquote data-quote="The Other Side" data-source="post: 867305" data-attributes="member: 17969"><p>Island, </p><p></p><p>lets look at the facts and not the hysteria, shall we?</p><p></p><p>Reagan cut the top 1% tax bracket 25% in order to create jobs. (FACT) When Reagan took office, Carter had an unemployment record of 1977-7.1% / 1978-6.1% / 1979-5.8% / 1980-7.1%, so the theory was to CUT taxes for the richest people in the country in order to create jobs. Ok, the trickle down theory was born.</p><p></p><p>But what happened in reality? Reagan after 1 year in office = 8.4%, Reagan after 2 years in office = 10.7%, Reagan after 3 years in office = 8.2%, Reagan after 4 years in office = 7.8%, Reagan after 5 years in office = 7.5%, Reagan after 6 years in office = 6.9%, Reagan after 7 years in office = 6.1%, Reagan in his final year = 5.8%.</p><p></p><p>Whats the difference between Jimmy Carters best unemployment record and Reagan with tax cuts??? ANSWER: nothing. Carters best was 5.8% the same as Reagan.</p><p></p><p>Following Reagan, BUSH 1 took that 5.8% in 4 years to 7.8%.</p><p></p><p>Combining both Reagan and Bush1 and you get WORSE than Carter.</p><p></p><p>Clinton RAISED taxes back to pre Reagan levels and in 8 years, reduced unemployment to 4% when he left office.!</p><p></p><p>BUSH2 cut those taxes back to Reagans level and unemployment went from 4% to 7.8 in 8 years mimicking the REAGAN/BUSH record.</p><p></p><p>Now Obama with his stimulus programs and bailouts of wall street and banks and auto companies took that 7.8 and rose to 10.2% in his second year, the unemployment began to stabilize and lower to 8.7% until the BUSH tax cuts were extended, and BLAM! </p><p></p><p>JUST LIKE THAT, unemployment rises again to 9.1%. </p><p></p><p>TAX CUTS for the rich just dont create jobs, thats a proven fact. It may be the rhetoric that the right wing uses to sell its followers who dont bother to reflect on the historical record, but its just not true.</p><p></p><p>Since the republicans took control of the house, gasoline has spiked and gone over 4 bucks a gallon, unemployment has risen and the stock market crashed.</p><p></p><p>What is it about republican leadershp has you convinced that they are the best ones to run the country given the historical record?</p><p></p><p>Peace.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 867305, member: 17969"] Island, lets look at the facts and not the hysteria, shall we? Reagan cut the top 1% tax bracket 25% in order to create jobs. (FACT) When Reagan took office, Carter had an unemployment record of 1977-7.1% / 1978-6.1% / 1979-5.8% / 1980-7.1%, so the theory was to CUT taxes for the richest people in the country in order to create jobs. Ok, the trickle down theory was born. But what happened in reality? Reagan after 1 year in office = 8.4%, Reagan after 2 years in office = 10.7%, Reagan after 3 years in office = 8.2%, Reagan after 4 years in office = 7.8%, Reagan after 5 years in office = 7.5%, Reagan after 6 years in office = 6.9%, Reagan after 7 years in office = 6.1%, Reagan in his final year = 5.8%. Whats the difference between Jimmy Carters best unemployment record and Reagan with tax cuts??? ANSWER: nothing. Carters best was 5.8% the same as Reagan. Following Reagan, BUSH 1 took that 5.8% in 4 years to 7.8%. Combining both Reagan and Bush1 and you get WORSE than Carter. Clinton RAISED taxes back to pre Reagan levels and in 8 years, reduced unemployment to 4% when he left office.! BUSH2 cut those taxes back to Reagans level and unemployment went from 4% to 7.8 in 8 years mimicking the REAGAN/BUSH record. Now Obama with his stimulus programs and bailouts of wall street and banks and auto companies took that 7.8 and rose to 10.2% in his second year, the unemployment began to stabilize and lower to 8.7% until the BUSH tax cuts were extended, and BLAM! JUST LIKE THAT, unemployment rises again to 9.1%. TAX CUTS for the rich just dont create jobs, thats a proven fact. It may be the rhetoric that the right wing uses to sell its followers who dont bother to reflect on the historical record, but its just not true. Since the republicans took control of the house, gasoline has spiked and gone over 4 bucks a gallon, unemployment has risen and the stock market crashed. What is it about republican leadershp has you convinced that they are the best ones to run the country given the historical record? Peace. [/QUOTE]
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