Question: Lowering taxes forever requires spending cuts
>>> WRONG!
>>> Lowering taxes forever stimulates revenues.
>> Didn’t work for GW –
> Sure did, look at the Dow and home ownership.
Answer: 1) Home ownership is at records due to the Fed Bank dropping interest rates to historic lows (attempting to bail out GW). With the failed GW policies killing the economy, the fed hoped to stir business investment. Instead, the money went into housing. Meanwhile, the savvy investors held their money / flocked into 1% CDS and low interest rate bonds, hoping to wait out the GW failings, avoiding expansion, etc.
2) Essentially all the stock market gain over the past 7-8 years has been within the last year – it essentially began its current climb when it became obvious last spring / summer that the GW days were nearing an end / with the expectations that the republicans were losing control.
Or do you really believe the tax cuts finally kicked in after 6 years?
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