Everything Is Just Peachy

[tw]

Originally Posted by Flint

The stock market is doing great!

Of course it is. This is still the tail end or an Obama economy.

Meanwhile what happened to those increased tax revenues created by more economic activity due to a tax cut? Tax revenues have fallen now for the past three years. Eventually the economy will have to pay the bills and interest on that fiasco.

Well, Nixon spend money we did not have on Vietnam in 68 and 70. When did the resulting economic downturn occur? Late 70s.

Kennedy's tax cut in the early 60s resulting in a late 60s recession. George Jr's tax cut in early 2000 resulted in a recession when? 2007.

Stagflation could only be cured by a massive interest rates. Paul Volker (who just died) massively increased interest rates in 1979. When did stagflation end? Sometime after 1984 (Reagan's second term).

What affects an economy happened four and more years earlier.

The stock market crashed in 1929. When were the jobs lost? 1933. I should not have to keep repeating well proven history. This is an Obama economy. He spend his first term just undoing the mess created by Cheney. Who bluntly said, "Deficits don't matter." They matter four and more years later.