!0 Failures Of Bush/Obama Tax Cuts

   I added President Obama to the Bush tax cuts because Obama did extend those cuts to the wealthy for another 2 years. Barack Obama now owns those tax cuts.

Source

10 Epic Failures of the Bush Tax Cuts:

(Click a link below to jump to the details and charts for each.)

1.  Dismal Economic Growth
2.  A Decade of Budget Deficits
3.  Red Ink as Far as the Eye Can See
4.  Disastrous Job Creation
5.  Declining Incomes
6.  Increasing Poverty
7.  A Massive Windfall for the Wealthy
8.  Record Income Inequality
9.  A Sagging Stock Market
10.  Jeopardizing Future Economic Growth

1.  Dismal Economic Growth
While Democrats in Congress are getting weak n the knees, the American people consistently voice their support for ending the Bush tax cuts for the wealthiest 2%.

And with good reason.  As David Leonhardt documented in the New York Times last week:

Those tax cuts passed in 2001 amid big promises about what they would do for the economy. What followed? The decade with the slowest average annual growth since World War II. Amazingly, that statement is true even if you forget about the Great Recession and simply look at 2001-7.

   Go HERE to read more

   If Obama has any kind of balls, he and the rest of the Democrats will let his tax-cuts expire in 2012. Then again, he was against those cuts before he was for them, so who knows.

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