Quote:
Originally Posted by SuckOnThis
So then you are all for govt spending to get the economy moving? As far as forgetting history or maybe you were still in a crib, Clinton raised taxes on the rich and the economy boomed, why? Because rather than hoarding money and paying taxes on it people will do whatever they can to avoid paying high taxes which means businesses will buy new equipment for write offs, hire more people, spend more in advertising, etc. If you ever ran a business that made a lot of profit you would understand that concept.
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Clinton left on a very bad recession, because his bubble burst, that Bush and the Fed tried to correct by creating a housing bubble. How did that work out for us?
