The Bush tax cuts have contributed to revenues dropping in 2004 to the lowest level as a share of the economy since 1950, and have been a major contributor to the dramatic shift from large projected budget surpluses to projected deficits as far as the eye can see.<quoted text>
You cantankerous cretin, how long are you going to pretend 9/11 never happened? Huh, Doorknob?
I get so tired of educating those who refuse to acknowledge the truth. For the last time, the Bush Tax cuts resulted in 54 straight months of economic growth. The recession occurred after Democrats gained control of Congress and began wildly borrowing and spending trillions of dollars and implementing their bone-headed and supremely irresponsible fiscal policy.
The economic numbers don't lie. Take a look for yourself:
The economy grew every single quarter until Q4 of 2008. That's solid continual economic growth that directly resulted from the Bush Tax Cuts.
The economy didn't take a shit until a year and a half after Democrats took over Congress and their socialist policies were in place.
The tax cuts have conferred the most benefits, by far, on the highest-income households — those least in need of additional resources — at a time when income already is exceptionally concentrated at the top of the income spectrum.
The design of these tax cuts was ill-conceived, resulting in significantly less economic stimulus than could have been accomplished for the same budgetary cost. In part because the tax cuts were not as effective as alternative measures would have been, job creation during this recovery has been notably worse than in any other recovery since the end of World War II.