Drop, Add, Double Down: BB&B Edits the 2014 GOP Platform

[Woof!]

More voodoo economics.

If that were true, you could supposedly maximize tax revenue by having a zero tax rate. Don't forget the Laffler Curve is a curve.

Don't forget you can probably balance the budget in a fews years and pave the streets with gold by simply closing a few "loopholes".

[T1]

More voodoo economics.

If that were true, you could supposedly maximize tax revenue by having a zero tax rate. Don't forget the Laffler Curve is a curve.

If you know what the Laffer curve is, why are you arguing that revenue will increase with an increase in the tax rates?

[T1]

More voodoo economics.

If that were true, you could supposedly maximize tax revenue by having a zero tax rate. Don't forget the Laffler Curve is a curve.

and if you know what the Laffer curve is, why are you calling it Voodoo economics?

[saltydawg]

The most revenue the federal government ever collected was in 2007... after the Bush tax cuts.

Employment was high because of the GW Bush housing bubble and massive deficit spending by the feds. Really not that much higher than 2000 when you consider the 7 years of inflation.

[T1]

Employment was high because of the GW Bush housing bubble and massive deficit spending by the feds. Really not that much higher than 2000 when you consider the 7 years of inflation.

But Obama would have you believe that the tax cuts caused the recession and Romney had the same policies of cutting taxes, which got us in this mess. He said he wanted to do the opposite and ask the rich to pay a little more. Was he misleading the people?

[dawg80]

But Obama would have you believe that the tax cuts caused the recession and Romney had the same policies of cutting taxes, which got us in this mess. He said he wanted to do the opposite and ask the rich to pay a little more. Was he misleading the people?

Were his lips moving?

[saltydawg]

But Obama would have you believe that the tax cuts caused the recession and Romney had the same policies of cutting taxes, which got us in this mess. He said he wanted to do the opposite and ask the rich to pay a little more. Was he misleading the people?

As I recalled, the economy was running on all cylinders during the last term of Clinton, which was before the Bush tax cuts. The Great Bush Recession was caused by his promoting the housing bubble with no-money down mortgages and failing to regulate Wall Street.

The middle tax cuts were good for the economy because the folks spent the money in the US. Who knows if the tax cuts for the rich promoted economic growth in the US.

[T1]

Were his lips moving?

This is important. He was elected on a class warfare, Marxist agenda. Americans need to know he is bullsh...ing and trying to divide us. He lead us to believe tax cuts should never be attempted again because it failed under Bush and cause a recession/depression. Tax increases are the only way to go since it worked under Clinton. He thinks we are morons.... and for the most part, he is right! He is probably laughing at how stupid we are!

[saltydawg]

This is important. He was elected on a class warfare, Marxist agenda. Americans need to know he is bullsh...ing and trying to divide us. He lead us to believe tax cuts should never be attempted again because it failed under Bush and cause a recession/depression. Tax increases are the only way to go since it worked under Clinton. He thinks we are morons.... and for the most part, he is right! He is probably laughing at how stupid we are!

Baloney. He was re-elected because the American free enterprise system is alive and well with most people knowing that the US economy was driven into the ditch by GW bush (who even didn't bother to attend the repub convention). The US will be the top oil producer by 2015 and the economy is slowly getting better. There is no Marxist agenda. Obama is in favor of continuing the Bush tax cuts for the middle class.

Thank God bin Laden is dead.

[T1]

As I recalled, the economy was running on all cylinders during the last term of Clinton, which was before the Bush tax cuts. The Great Bush Recession was caused by his promoting the housing bubble with no-money down mortgages and failing to regulate Wall Street.

The middle tax cuts were good for the economy because the folks spent the money in the US. Who knows if the tax cuts for the rich promoted economic growth in the US.

You're memory is failing you. If the economy was running on all cylinders when Bush took office there would have been no need for the tax cuts. The recession was caused by the housing crisis, which started under Clinton and was extended under Bush (how many times have we discussed this?). See the chart above, the rich paid more in taxes after the Bush tax cuts.

[Tech77]

Baloney. He was re-elected because the American free enterprise system is alive and well with most people knowing that the US economy was driven into the ditch by GW bush (who even didn't bother to attend the repub convention). The US will be the top oil producer by 2015 and the economy is slowly getting better. There is no Marxist agenda. Obama is in favor of continuing the Bush tax cuts for the middle class.

Thank God bin Laden is dead.

Good move to start your post with the heads up about what it was about to be....Baloney.

[T1]

Baloney. He was re-elected because the American free enterprise system is alive and well with most people knowing that the US economy was driven into the ditch by GW bush (who even didn't bother to attend the repub convention). The US will be the top oil producer by 2015 and the economy is slowly getting better. There is no Marxist agenda. Obama is in favor of continuing the Bush tax cuts for the middle class.

Thank God bin Laden is dead.

You are hard to figure out. You talk like a conservative, but vote for liberals.

[saltydawg]

You're memory is failing you. If the economy was running on all cylinders when Bush took office there would have been no need for the tax cuts. The recession was caused by the housing crisis, which started under Clinton and was extended under Bush (how many times have we discussed this?). See the chart above, the rich paid more in taxes after the Bush tax cuts.

Sorry Charlie, but your memory is failing you. Remember how Gore and Bush were debating what they were going to do with the projected $One Trillion dollar surplus. But you right about one thing. There was no need for the tax cuts immediately after the election. The tax cuts came after 9/11 caused a recession. There was no housing bubble while Clinton was POTUS. The housing bubble started in 2004 when GW Bush pushed no money mortgages for anybody who could fog a mirror AND wall street started their slice and dice shell game.

[T1]

Sorry Charlie, but your memory is failing you. Remember how Gore and Bush were debating what they were going to do with the projected $One Trillion dollar surplus. But you right about one thing. There was no need for the tax cuts immediately after the election. The tax cuts came after 9/11 caused a recession. There was no housing bubble while Clinton was POTUS. The housing bubble started in 2004 when GW Bush pushed no money mortgages for anybody who could fog a mirror AND wall street started their slice and dice shell game.

Clinton balanced the budget because of the booming tech sector during his presidency (because Al Gore invented the internet about that time). Bush inherited the economy after the tech bubble burst.

In 2001, the Economic Growth and Recovery Tax Act was enacted (Bush tax cuts). The annual growth rate went from 0.3% in 2001 to 2.5% in 2002. By 2004, GDP growth was the highest in 20 years.

In 09/01: terrorist attacks

In 2003, in response to the economy after the terror attacks: The "Jobs and Growth Tax Relief Reconciliation Act" was enacted. The unemployment rate fell to the lowest level since World War II.
　
By 2005: the richest one percent went from paying 25% of all income taxes in 1990 to 39% in 2005. The richest 5% went from paying 44% of all income taxes in 1990 to paying 60% of all income taxes in 2005
　
http://www.redstate.com/erick/2010/0...bush-tax-cuts/

Check out this Homeownership chart and tell me what year it started the skyrocket. (Bush took office in 2001)

　
　

[saltydawg]

^ You need to read this article.
http://www.nytimes.com/2008/12/21/bu...anted=all&_r=0

When you are done reading it, post one that shows that Clinton was the major force behind the 2007 housing bubble crash.

BTW, I think that your graph is wrong.

http://www.businessweek.com/articles...ly-50-year-low