On Wed, 08 Jun 2011 00:54:12 -0600, Canuck57
wrote:

On 07/06/2011 6:18 PM, wf3h wrote:
while the ku klux clowns are blaming obama for bush's turning the
economy over to the chinese, let's look at the effects of 10 years of
bush tax cuts

http://motherjones.com/mojo/2011/06/...-bush-tax-cuts

Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the
public debt, 50 percent of the total debt accrued during that time.
Over the past 10 years, the country has spent more than $400 billion
just servicing the debt created by the cuts.

Tax collections have plunged to their lowest share of the economy in
60 years.

Between 2002 and 2007, employment increased by less than 1 percent
when the economy was supposed to be expanding. Employment growth
barely kept pace with population growth. Between the end of 2001, when
the country was in a recession, and the peak of the real estate
bubble, er, economic expansion in 2007, the US economy performed worse
than at any time since the end of World War II.

Median weekly earnings fell more than 2 percent between 2001 and 2007.
Meanwhile, people making over $3 million a year, who account for just
0.1 percent of taxpayers, got an average tax cut of $520,000, more
than 450 times what the average middle-income family received.

----------

and the right wing tells us how WONDERFUL this is...the rich are
getting richer...the middle class, worthless scum that they are, are
paying for it.

as god intended.

Where do you get this BS. Bush was not presiand dent in 2009 and
2010...unless of course he looked like Obama.

his last budget was 2009, it was 1.2 trillion in debt

and HIS tax cuts continue to fund the deficit. read the artice


As for debt spend, Obama has already added much more debt than Bush did
in 8 years, problem is Obama isn't even through his first, and hopefully
last term.

really? proof?

oh. none. but he's black...


Bet a lot of people would love to go back to the 2002 and 2006
employment type stats. You know, before democratic congress of 2006
botched it up.]]

yep the asset bubble. a lie told to the US middle class by the right
wing

uh...how'd that work out?


There was no expansion in 2007, that is when the Congress was screwing
with interest rates and market liquidity dried up. Hey, why should I
lend money for nothing but a load of risk?

yep. the GOP congress and the GOP president screwed the US.


Funny, and the top 20% of earners pay 80% of the taxes. So do you mean
there is revenue in those 80% of the turnips?

funny the top 20% have had a 500% increase in income in the last 30
years AND a 30% tax CUT

tells you how much money they make while the middle class dies.