Quote:
Originally Posted by joethiesmanfan
BUSTER!! news flash. Bush's tax cuts have not been repealed. unemployment went sky high under Bush's watch. Bush had to come on TV and beg for 700 Million dollars to save millionaires.
|
The numbers spiked when the Democrats overwhelmingly took over Congress. In fact, the economy's first signs of weakness came when the balance of power shifted into the Democrat's favor. (a similar coincidence happened in the 1930s)
Tax cuts had nothing to do with the downturn, it had more to do with the housing scandals with Freddie/Fannie, also known as Barney Frank (D) /Chris Dodd (D).
See also:
