Quote:
Originally Posted by Undertoad
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.
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Clinton created a
much better economy than Bush did, and he raised taxes. You can't really compare this economy to that of the early 2000's. It's different in too many ways.
Also, I remember hearing (no I don't have a citation) during much of the past few years that the unemployment was actually worse than the numbers, because of people whose unemployment had run out, or who were working part time, not being counted. Bush did have a tendency to flub the numbers, or change the wording so things appeared better than they were, in order to support his agenda.