Drudge Retort: Red Meat for Yellow Dogs
Friday, January 29, 2010

In his final days in office, President George W. Bush told the American Enterprise Institute:

[T]he benefits of the tax cuts have been obscured by the recent economic crisis, no question about it. But when they finally take a look back at whether or not tax cuts were effective or not, it's hard to argue against 52 uninterrupted months of job growth as a result of tax policy. And so my hope is, is that after this crisis passesand it willthat people continue to write about and articulate a public policy of low taxes.

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"$787 billion saved 11 jobs in Ohio"

--Obamanation

Oh, and, uh, 3 jobs in Pennsylvania and maybe 2 each in Wisconsin and Arizona

I know of 1 in WV that it didn't.

Try to stay on topic morons.

I know of 1 in WV that it didn't.

#3 | Posted by American1st at 2010-01-29 08:47 AM | Reply

you partisan bastard!

That guy in WV deserved to be fired, and 3 others had their jobs 'saved' thanks to $787 billion in stimulus.

In fact, if you added up all the jobs 'saved' thanks to the heroic actions of Obamanation (and $787 billion) it might be more than 143 jobs saved

you are obviously a 'glass half empty' sort of guy

"52 uninterrupted months of job growth"

52 months of borrowing, when interest rates went up the bubble popped and the jobs disappeared but the debt didn't. Lesson here, don't build economies on borrowed money the way we did for all of those 52 months. TAx cuts createe huge debt and the same greed fuckers want more of the same.

TAx cuts createe huge debt and the same greed fuckers want more of the same.

what is ironic is that I have almost no debt. My house is almost paid off and we have never had car loans or cc debt etc....

and we made HUGE progress during that time period. And it wasn't because I was making all that much more money.....yes, some of it was pretty good.

Can I change my username to "greedy fucker"?

I'm guessing RCADE won't allow that.

I think I saw on TV a $5,000 tax break for small business for each new job created. Is this what you're talking about?

I think Obama's advisors are telling him to stop pandering to the left since they only make up 20% of those likely to vote in the next election.

Is this what you're talking about?

No dummy. Read the article.

No dummy. Read the article.

#10 | Posted by 2008

Got anything that isn't a year old?

Posted by 2008

Ellie Light is that you?

So why does Obama propose a whole bunch of tax cuts to business to stimulate hiring?

And Obama's stimulus did so much good. Hell, let's just tax the hell out of everyone and see just how much better the country is. Deny years of job growth if you like, Obama's plan is still causing job loss. The Dems are in charge, have been for years. Let's see how things are going in November.

"don't build economies on borrowed money the way we did for all of those 52 months."

But it's OK to borrow even more under Obama's plan? Do you have even a sliver of economic understanding? How about lower taxes AND government spending? But the liberal economics method demands higher taxes and higher spending. That should keep us going for awhile.

...don't build economies on borrowed money...

#6 | Posted by danni at 2010-01-29 09:17 AM | Reply | Flag:

Funniest fucking thing ever said on the DR - not because of the actual statement - but because of who typed it.

I think I saw on TV a $5,000 tax break for small business for each new job created. Is this what you're talking about?


You don't see a difference in a tax break that is directly tied to a new job and a blanket tax rate cut not tied to any job creation?

Hopeless.


So why does Obama propose a whole bunch of tax cuts to business to stimulate hiring?

#13 | Posted by rightisright

Why do you equate tax cuts to businesses with the personal income taxes of the rich? Giving hedge fund managers tax breaks on their personal income taxes is not the same as giving a manufacturer tax breaks for hiring new people.

Line of the day:

Dem: "GOPs who didn't cheer tax cuts not rooting for America'"

"The only explanation I can think of is that they're just not rooting for America to succeed," she told The Hill."

thehill.com

You can't make this stuff up.

You don't see a difference in a tax break that is directly tied to a new job and a blanket tax rate cut not tied to any job creation?

Hopeless.

#17 | Posted by 726

I think the blanket tax rate cut is better.

Most likely the employer tax break won't apply to S-Corps so it won't be that decent.

I think I saw on TV a $5,000 tax break for small business for each new job created. Is this what you're talking about?

#8 | Posted by mysterytoy

I'm thinking of creating two or three jobs and not filling them. Just for kicks.

I think the blanket tax rate cut is better.

#20 | Posted by mysterytoy

The blanket you speak of was only given to those who didn't need it in the first place, while the rest got rags.

We can thank Judd Wanniski. For massive debt and deficits as far as the eye can see. Our entire national debt when Carter left office was 1/3 that of Bush's 2009 budget alone.

Best article on how the concept of running up massive deficits so social programs can be dismantled was created is this one. Explains the history and how it was put into practice"

Two Santa Clauses

When taken in historical context since Reagan took office it's readily apparent they succeeded in running up the debt and trying to dismantle every safety net they could. Same folks now whine about debt when it was they themselves who ran it up to the moon.

1/3 of the budget deficit in Bush's 2009 budget....

And Obama's stimulus did so much good. Hell, let's just tax the hell out of everyone and see just how much better the country is. Deny years of job growth if you like, Obama's plan is still causing job loss. The Dems are in charge, have been for years. Let's see how things are going in November.

#14 | Posted by SpokaneJim at 2010-01-29 10:41

With only 25% of the ARRA funds pushed out the door during the first 9 months (36 month policy X 25% = 9 months - hmmmm)I think it's still a little too early to make an honest determination as to whether "Obama's stimulus did so much good." It's too early to tell if it will "deny years of job growth." And the question is not 'Is Obama's plan still causing job loss', but 'Has Obama's plan slowed the rate of job loss?' Quite a few think it has.

www.americanchronicle.com

Now, your "let's just tax the hell out of everyone and see just how much better the country is" comment makes me think you believe Arthur Laffer has all the answers.

So, just for shits and giggles, where are we (the US) currently positioned in Bro. Laffer's economic model? What economic policies should be implemented in order to optimize his theory? Would an increase in the Discount Rate and corresponding decrease in money supply help of hurt the current economy? With several major banks having announced quarterly profits over the past couple of weeks, would an increase in Reserve Requirements be helpful or harmful? How would the policies implemented to follow the Laffer model affect the policies that have been implemented to follow the Keynesian and Friedman models.

With the economic situation we find ourselves in, should we continue using the classic models or should we maybe start looking around for new models, such as Krugman's or Sachs'?

If you don't mind, please show your work.

The middle class got the largest tax CUT in 30 years form the Stimulus Bill.

Now, the GOP is against small business tax cuts too.

They've completely lost their way. Sad.

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