Reply #26: A Little History On Al [View All]

[ProfessorGAC]

1990. Predicted recession would deepen because 41 raised taxes. Didn't happen.
1993. Predicted recession and contraction because Clinton raised taxes. Didn't happen.
1996. Predicted the growth rate would trigger high inflation. Didn't happen.
1996. States that the current economic growth was unsustainable for more than another year. Wrong.
1998. States that unemployment was too low and this would cause a wage spiral that would lead to a severe recession. Wrong.
2000. States the the tech "bubble" was the most significant factor in the boom he said wouldn't happen. Nobody who has ever actually analyzed the data would agree, since it had leverage of under 1%.
2002. Encouraged a second round of tax cuts as a way to sustain economic performance. How'd that work out?

Now, he says that the economy is screwed up. Well look who just caught up!
The Professor