Thread: The Obamanation
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Old 02-07-2009, 02:08 PM   #77
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Quote:
Originally Posted by Undertoad View Post
Didn't happen? The growth from 2003-2006 was quite brisk, third quarter 2003 after the cut was phenomenal. Negative growth didn't happen until third quarter 2007. It wasn't Clinton- or Reagan-era growth, but it was growth for sure. Unemployment dropped from 6% when the 03 tax cut happened to 4.5 by 2007.
But wasn't that a house of cards built on irrational exuberance and carefully orchestrated fraud?
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