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Author: MrCheeryO Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59766  
Subject: Latest Evidence Tax Cuts Spectacular Failure Date: 7/11/2007 7:19 PM
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At this point just piling on since it has been obvious for quite some time that most of the growth has come from the Federal Reserve's free money policy of the past several years.

Important that growth be strong and above average since 1. all that retiree welfare to pay for soon and 2. Bush/Republicans have really deepened the debt hole right before all the retirees line up for their massive montly welfare benefits. 3. Little indication faux-conservative tax cutters plan to forego any of that welfare to vindicate their "values" and "principles". 4. Nation overall continues to run a negative personal savings rate.

Really can't afford this kind of freeloader-buffoonery at this point in time.

.....The current recovery has also been weaker overall than the equivalent period of the 1990s, during which there were tax increases rather than tax cuts.[2]

Economic and Revenue Growth Unexceptional
.....Since supporters of the capital gains and dividend tax cuts routinely appeal to the economic and revenue growth of the past few years as evidence of these tax cuts' success, one might assume that the recent economic performance has been stronger than typical. In fact, the opposite is the case.
http://www.cbpp.org/7-10-07tax.htm
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