Bush Tax Cuts Usher in era of prosperity

[Darkling]

In the 11 quarters since the Bush tax cuts, the US economy has added 2.2 TRILLION Dollars, roughtly the same size as the ENTIRE Chinese economy!

So much for the Chinese economy overtaking the US.

[Wolferz]

Yup, and Shell Oil reported a second quarter profit of 7.62 billion dollars. They must have gotten a much better tax cut than the average taxpayer.

Do you think Mr Bush and his buddies hold stock in Shell?

[Guest]

quote:

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Originally posted by Wolferz:

Yup, and Shell Oil reported a second quarter profit of 7.62 billion dollars. They must have gotten a much better tax cut than the average taxpayer.

Do you think Mr Bush and his buddies hold stock in Shell?

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It's called oil futures going through the roof. What? You think the cost of pulling the oil out of the ground goes up?

Shell is making money because it is paying the same for it's oil that it was paying BEFORE it went up, now they are making the profits they should have been making YEARS ago...

[LostInSpace]

I heard that dormant oil sites that have lain dormant in Texas are now firing up again due to the price per barrel of crude. It's now profitable for them do this and should help with building the oil reserves up even more.

[aramike]

The average Joe is indeed affected. First of all, the tax cut was for EVERYONE. Secondly, as JUDGExKTF pointed out, corporations can higher more employees and pay better. Finally, and most important - cost savings are passed on to the consumer to stymie goods-saturation.

[Guest $iLk]

Due to the Republican spending patterns, the deficit has increased almost double what it was when they promised to half it in 1994...

I agree with the Bush tax cuts - but they are not sustainable without a restriction on Federal spending.

Thankfully Bush has used his veto power wisely...

[Darkling]

quote:

---

Originally posted by Wolferz:

Yup, and Shell Oil reported a second quarter profit of 7.62 billion dollars. They must have gotten a much better tax cut than the average taxpayer.

Do you think Mr Bush and his buddies hold stock in Shell?

---

3 Years ago, when you were critisizing Bush for the tax cuts. you complained that he wrote checks to the tune of 7 Billion Bucks, while cutting taxes. A lot of people on that thread figured that the Economic Stimulus Package, amounted to a handout to the Rich and wouldn't help anyone but them. 3 years later, the "economic pie" has grown roughly 20%, unemployment is lower than it's been since the 50's. Debt held by the public amounted to 37 percent of GDP, 10 basis points lower than the average held by "The Great Debt Eliminator", Clinton! Also, the cost of servicing that debt has gone from 3% of GDP during the Clinton years, to half that (1.5%) at the end of 2005.

So with all this economic good news, I have one question for you. Are you ready to admit that you were wrong?