Comments on: Tax Cuts For The Rich — Not Even Good For The Rich http://wonkroom.thinkprogress.org/2008/07/11/tax-cuts-for-the-rich-not-even-good-for-the-rich/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Mugsy http://wonkroom.thinkprogress.org/2008/07/11/tax-cuts-for-the-rich-not-even-good-for-the-rich/comment-page-1/#comment-1618 Mugsy Sun, 13 Jul 2008 16:35:11 +0000 http://thinkprogress.org/wonkroom/2008/07/11/tax-cuts-for-the-rich-not-even-good-for-the-rich/#comment-1618 Correction: "up from 3,271.12 the day he took office in 1993" refers to Clinton, not Bush. Correction: “up from 3,271.12 the day he took office in 1993″ refers to Clinton, not Bush.

]]> By: Mugsy http://wonkroom.thinkprogress.org/2008/07/11/tax-cuts-for-the-rich-not-even-good-for-the-rich/comment-page-1/#comment-1616 Mugsy Sun, 13 Jul 2008 16:34:10 +0000 http://thinkprogress.org/wonkroom/2008/07/11/tax-cuts-for-the-rich-not-even-good-for-the-rich/#comment-1616 On January 14, 2000, the DOW closed at a record 11,722. Eight years later, it has closed at just over 11,000 (up from 3,271.12 the day he took office in 1993). During the 2000 campaign, Republicans dismissed the Clinton economy, saying that "if <em>THEY</em> had been in charge, it would of been <em>EVEN BETTER</em>!" So the country gave them their chance. After 6 years of a Republican White House AND Republican controlled Congress, the stock market floundered, the National Debt doubled, bankruptcies skyrocketed and economic crisis ensued. If there are still any "Supply-side" defenders out there, they are the last of the Conservative ideologues, whose days are certainly numbered as more and more Americans wake up to the fact Conservative economics are a colossal failure where as "so-called Liberal" economics actually result in sustainable growth. On January 14, 2000, the DOW closed at a record 11,722. Eight years later, it has closed at just over 11,000 (up from 3,271.12 the day he took office in 1993).

During the 2000 campaign, Republicans dismissed the Clinton economy, saying that “if THEY had been in charge, it would of been EVEN BETTER!”

So the country gave them their chance. After 6 years of a Republican White House AND Republican controlled Congress, the stock market floundered, the National Debt doubled, bankruptcies skyrocketed and economic crisis ensued.

If there are still any “Supply-side” defenders out there, they are the last of the Conservative ideologues, whose days are certainly numbered as more and more Americans wake up to the fact Conservative economics are a colossal failure where as “so-called Liberal” economics actually result in sustainable growth.

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