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Had the Bush tax cuts been in place, there wouldn't have been a recession...

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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-30-10 05:03 PM
Original message
Had the Bush tax cuts been in place, there wouldn't have been a recession...
Oh, wait...

:yoiks:
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-30-10 05:06 PM
Response to Original message
1. and, if Clinton had raised taxes in 1993, there would have been another Great Depression
Edited on Thu Dec-30-10 05:07 PM by Enrique
oh, wait...
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-30-10 05:07 PM
Response to Original message
2. What happened is exactly what was predicted when the tax cuts were enacted.
None of this was a surprise....although the depths of illegality in the mortgage industry did exceed all expectations. However, the blithe lack of prosecution has been normal.
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freshwest Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-30-10 05:26 PM
Response to Original message
3. OOPS!
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-30-10 06:00 PM
Response to Original message
4. So it's good they've been extended
Oh, wait...
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FogerRox Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-31-10 05:09 PM
Response to Original message
5. The Housing crisis and the Banking crisis
are pretty much responsible for triggering the recession.
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-31-10 05:24 PM
Response to Original message
6. Easy Al is to mainly blame for this one.
The economy was due for a recession in 2002-2003 after the dot.com bubble burst, but 'ol Easy Al wasn't about to let that happen. Pump cheap Fed 1% money into the economy and let a bigger bubble build...the housing market.
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