Quote:
Originally Posted by 732002
Correct, it is more complicated.
If cutting taxes is the cure all and Bush cut taxes why did economy blow up during the end of his presidency?
|
The economy blew up because of the bubble in real estate prices, people were using the 'equity' in their homes to live beyond their means. This practice tended to keep up the economy until the bubble burst.
Now I have a related question for you... if the answer to our economic problems is to borrow more money for the government to spend to 'prime the pump' and 'get people back to work' why in this era of record governmental spending is the economy still in the toilet?