Michelle Bachman: I want honest opinions

[Roy Karrde]

lol wow you really are serious. you're living in cuckoo land if you think "tax cuts" will drive companies away from cheap labour.

Actually I think various incentives including low business taxes could be used to bring business here.

l he lost around 8 million jobs in all sectors, especially manufacturing and the jobs he "created" as i've said were basic non-jobs.

Which wasn't the fault of the tax cuts.

lbush tax cuts were a massive failure, the rich got richer and the poor got poorer. companies posted record profits and paid little to no tax, wages and benefits for workers stagnated. but yeah great success.

Massive failure? GDP grew at an annual rate of just 1.7 percent in the six quarters before the 2003 tax cuts. In the six quarters following the tax cuts, the growth rate was 4.1 percent.

Non-residential fixed investment declined for 13 consecutive quarters before the 2003 tax cuts. Since then, it has expanded for 13 consecutive quarters.
The S&P 500 dropped 18 percent in the six quarters before the 2003 tax cuts but increased by 32 percent over the next six quarters. Dividend payouts increased as well.

The economy lost 267,000 jobs in the six quarters before the 2003 tax cuts. In the next six quarters, it added 307,000 jobs, followed by 5 million jobs in the next seven quarters.

Doesn't sound like a failure to me. By the way the poor and rich have both gotten richer, and the tax cuts benefited all income classes.

lmaybe you didn't read the article, but it's been going on for a long time and is projected to go on for even longer, so it's part of an ongoing process that would have to be done eventually.

And as such it should have been voted on as a separate bill, not from Stimulus funds meant to help our economy and provide job growth.