Skip to main content
No. of Recommendations: 0
Economic downturn in 2008 was NOT a consequence of the Bush tax cuts as you imply

Didn't say anything at all about them causing the downturn. Comparing revenue over the last couple of years under these temporary cuts with what the revenue would be without the cuts shows something like half of the shortfall directly attributable to the cuts. Would things have happened differently without the cuts? Sure, but it is speculation what that would be.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.