Bushbot LTTE of the day: Tax Cuts WORK, you stupid Libs!

[HughBeaumont]

Economy strong since Bush tax cuts

With the economy booming, when will The Plain Dealer run a positive story on the Bush administration's tax cuts?

Unemployment is at 4.9 percent. More than 2 million jobs were created in 2005, with 108,000 new jobs in December.

The stock market is at a 4½-year high. Inflation has been controlled. Interest rates are still low.

Guess what: The tax cuts work, as they always have in the past - under JFK, Reagan and now Bush. Isn't it time that we saw some positive news about how well the administration is doing - and, more importantly, how well our country is doing?

Yes, I understand that Ohio has not shared as dramatically in this growth, but maybe if Ohioans see what is going on around the rest of the country (instead of the doom and gloom that they are usually served through this newspaper), they'll wake up and begin to demand better schools, tax laws for industry, etc.

Ken Ladley

Strongsville

Does this butt nugget not get that you need at least 150 THOUSAND jobs per month just to accommodate the job churn of new workers going into the workforce? Doesn't he know that the unemployment rate has long since been cooked? Doesn't he get that businesses aren't coming to Duh HIGH Ah because of who runs this state (see Taft and Crew, BootBlackwell, etc) and how expensive it is to do business here (especially in NE Ohio)? Does he seem to forget the price that future generations are paying BECAUSE of Saint Ronald's tax cuts? Does he not get that the debt is soaring to the same number as our economy's worth? Does he not get that the penny ante players very rarely see any benefit from the stock market? Does he seem to gloss over what HAPPENED after Reagan's oh-so-praised tax cuts? Does he not seem to get that this economy is going gangbusters for Wall Street, but crappy for Main Street? Does he not . . .

Well, of course he doesn't, he's a goddamned Bushpublican.

Yes, maybe businesses will MAGICALLY appear in NE Ohio once everyone SEES how WELL the rest of the country is doing! Wow, Fantasyland must be sunny and 72 where you live, Kenny baby!

[stepnw1f]

1. Tax Cuts Work at the Expense of Society

the middle class family and a country called Iraq.

[SpiralHawk]

2. Butt nugget? WTF?

Is that like a dingleberry?

I am so out of the loop on the proper terms to use while speaking of NeoCon fascist kool aid gulpers...

[Hobarticus]

3. No, not FACTS.....NOOOO -blam- (head explodes)

I hope you're proud of yourself.

[HughBeaumont]

11. Guilty.

:evilgrin:

[helderheid]

4. Bagdad Bob on the economy

[napi21]

5. Tax cuts DO work...for a while, to stimulate an economy, but

they are NOT a long term answer to maintaining a strong middle class or retaining good paying jobs.

I agree with this opinion, but it's not mine! It's been the opinion of many economists when they discuss the Shrub economic plan. Large tax cuts should NEVER be made permanent because they destroy a lifestyle that many people have become accustomed to.

[Cassandra]

8. Targeted tax cuts work...

if they are targeted to the middle class and the poor (Economics 101) because they will spend on necessities and there will be a multiplier effect in the community. Tax cuts to the rich are only partially spent, at best, and the rest invested, usually passively. There aren't many rich people who felt compelled to build a factory in the US with the tax cuts they've gotten from Bush.

[ProfessorGAC]

21. The Economics Community Is Split On It

About half and half on this. Tax cuts tend to stimulate an economy that is in severe recession, when that recession can be directly related to high total inflation or a massive reduction in consumption. (Which are usually, but not always, autocorrelated.)

Tax cuts to stimulate an economy which is stagnant or already vibrant cannot be shown to have any stimulus effect at all.

Look at it this way. The GDP is said to be growing at 3.6%. Hmmm! Well, consumption is actually down a trifle. But, when the government increases spending by $120 billion per year, ALL OF IT NEW BORROWING, we've just increased GDP by over 1%. Since the population grows at about 1.5% per year, and real growth has, historically, risen by 70% of population growth, that's 1.05%, real. Or, with inflation, about 1.08% Add 1.08% to 1% and we get 2.08%! That's almost 58.3% of the GDP growth. So, the tax cuts Silverspoon pushed through are providing no stimulus at all. Any weaker growth than the difference of 1.52% and everyone would be calling this the 3rd worst economy in the last 100 years. (And they'd be right, because that's what it really is.)

The tax cuts have had nothing to do with growth and any dispassionate analysis of the numbers will prove it.

So, i would suggest that tax cuts are not per se stimulative, and should be used only in times of economic emergency. There is no definition of emergency that would fit any period in the last 50 years.
The Professor

[Arkansas Granny]

6. I've heard several economists over the last few weeks admit

that the economy is strong for those in the higher income classes, but there's no improvement for middle and lower income class workers, nor is there likely to be. I suppose the Bushbots are just happy to see the rich get richer and wait for their share to "trickle down".

[HughBeaumont]

7. "Don't screw with the rich, because I'm going to BE that guy someday!"

That's what they ALL think, and it's such boooolshit. "Trickle Down" was named such for a reason; that fluid isn't water!

[durablend]

12. * couldn't care less about the "jobs number"

All that matters is that the $$$$$$$$$$$$$$$$$ keep rolling in corporate America. You (as the average citizen) don't mean SHIT where he's concerned

[ComerPerro]

9. As far as net jobs is considered, is Bush even positive yet?

or is he still in the negative, when comparing jobs lost and jobs gained?

[HughBeaumont]

17. I think his Dudministration saw it's first net job in January of 2005.

HORRIBLE by all accounts, especially the manufacturing track record. Then there's still all of those pesky lost Private Sector jobs . . .

[ComerPerro]

19. So, it only took several rounds of tax cuts for the welathiest Americans

four years to have even a slight effect and create 1 net job?

Wow.

[HughBeaumont]

20. One of, if not THE, worst recovery from a recession ever.

Job creation is STILL underwhelming and underachieving. Wage growth is a joke and layoff notices dot the papers almost daily. Finding a new job still takes longer than ever.

But hey, SOMEone must be making bank on this "economy". Might as well be the rich?

[ComerPerro]

27. Actually, the worst recovery I can imagine

would be not only repeatedly passing tax cut after tax cut for the rich, but also starting an unnecessary war with no exit plan and not enough troops or equipment to finish the job.

But only a dangerous, reckless moron would do something that asinine.

[unblock]

10. and of course the reverse is true

the clinton economy tanked after he raised taxes.

oh, wait, we had the biggest peacetime expansion ever. my mistake.

[China_cat]

13. Let's see, 108,000 new jobs created

against 300,000 jobs lost. Yep, real gain there.

[Ready4Change]

14. "The stock market is at a 4½-year high." Gee

How long has Bush been in office? 5 years or so? So he's finally getting the market back to where it was under, hmmm, who was that guy...

[opihimoimoi]

18. WE have a 8 Trillion Dollar National Debt...up two from when W took over

that money pumped into the Society gives false readings....we look good but OWE BIG TIME...just as the neighbor with the new SUBURBAN bought on credit.

[lectrobyte]

15. Forget "trickle down". Why don't we try "squirt up" for a change?

[unblock]

16. tax cuts CAN work, under certain conditions

IF capital is tight and the economy is slow because of insufficient investment, THEN tax cuts, particularly for the investing class, can alleviate that particular problem.

also, IF demand is slack and the economy is slow because people aren't buying enough, THEN tax cuts, particularly for the poorer classes, can alleviate that particular problem.

there are also solutions to these problems via federal deficit spending and investment in our infrastructure.


note that these are particular problems that exist for brief periods of time. part of the lunacy of the banana republicans is that they think that taxes are ALWAYS too high.

any respectable economist will tell you that the most effective tax cut is a TEMPORARY one. the knowledge that taxes will rise later spurs people to act so as to realize gains now, while taxes are low.

[WernhamHogg]

22. Repulsive

I find this to be one of the more repulsive statements I've read this morning:

"Yes, I understand that Ohio has not shared as dramatically in this growth, but maybe if Ohioans see what is going on around the rest of the country (instead of the doom and gloom that they are usually served through this newspaper), they'll wake up and begin to demand better schools, tax laws for industry, etc."

Hey, all you poor people in Ohio who had their jobs outsourced, who can't find another job, who are in danger of having your utilities cut off, who are in danger of being kicked out of your home, who can't afford your medicine, who can't even afford to put food on the table for your children...listen up!

There is good news! There are very rich people who are getting even richer in other areas of the country!!!!!!! Isn't that just fantastic news!!! Quit feeling sorry about yourself and be happy for the filthy rich!

And people say that LIBERALS are the "elitists"...

[zbdent]

23. "Stop reporting the Truth! Start pushing the propaganda!"

Funny, how the Repukes claim that the paper run by Alex Machaskee, who threatened anyone who dared endorse Kerry on the pages of the PeeDee, is an oasis of liberalism . . .

[HughBeaumont]

26. Witness their "Is the Market Ready for a RUN??" headline today.

They're just WAITING for something . . . ANYthing to prop up the boy King. He gives full-page editorials to his arch-conservative Deputy LapDawg Kevin O'Brien (who's weird, protruding buck-toothed smiled picture kind of makes him LOOK like a cartoon character), regular column space to people like George Will, David Brooks, Stephen Moore and James Glassman, and has pro-offshoring, pro-FactCheck.org guys like Stephen Koff writing for him.

The PD is NOT liberal by ANY stretch. A simple question these people should ask themselves is this - if they're SO liberal, then why did they not endorse a presidential candidate in 2004 (probably because in heavily blue Cuyahoga County, hit hardest by job losses, subscriptions would drop mightily with an endorsement of the Dim Son) and Bush in 2000?

[dogday]

24. The report that said more soldiers could

of been saved had they had better and more body armour. These tax cuts could be paying for this armour.

[jmowreader]

25. Five percent unemployment is actually the Repuke goal

Repukanomics requires five percent unemployment. The reasoning is, if new businesses are to be created there needs to be an inventory of unemployed people available to staff them.

There are a LOT of holes in this theory, not the least of which is that no businessman with a grain of brain is going to staff a new business with currently-unemployed people.