Off-Topic: Hypocrisy on the debt ceiling

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	Name:	MartiniMan -
	Subject:	Hypocrisy on the debt ceiling
	Date:	4/14/2011 8:32:30 AM

Hound, the Bush tax cuts had absolutely nothing, zero, zip, nada to do with the economy faltering. Think about it, how could allowing the job creators to keep more of their money to invest in jobs and growth harm the economy? It really is a silly idea that makes zero sense. In fact, you will note that the economy under Obama languished until two things happened. One, the GOP took control of 1/2 of the House and 2) Obama reluctantly agreed to not raise taxes. I am sure you will call that a coincidence but nothing could be further from the truth.

The economy went into free fall because of the distortion of the housing market by Fannie and Freddie. All but the most ideologically blind understand this truth. The tax reductions that W implemented was a major factor in our economy rapidly recovering after 9/11. Threats of tax increases under the early Obama administration were in my opinion one factor in the jobless, mediocre recovery and I am convinced that if he had increased taxes we would have had a double dip. Even Bill Clinton knows that increasing taxes hurts the economy.