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When are we going to start seeing some jobs from the Bush Tax cuts?

I don't mean since 2010, I mean since 2003. They have added 1.2 Trillion to the National Debt . Yet we have added less than half the Jobs Clinton did without them. Why Aren't they producing jobs. And if it's not working, why don't we do what Clinton did being his plan was proven effective? 24 Million New jobs in 8 years under clinton. Or 5 Million new jobs Under Bush with his Tax cuts?

Asked By: Cyrus - 3/13/2011
Best Answer - Chosen by Asker
The Bush tax cuts to the ultra rich were supposed to create more jobs, and raise salaries of working Americans.

What really happened with the Bush tax cuts was that the super rich outsourced jobs and cut salaries and bought themselves foreign built yachts, European vacation houses and more Ferraris.

. 55 cents of every Bush tax cut dollar went to the ultra rich.

The top 0002?f the billionaires have more personal wealth than the bottom 50? Americans combined (everyone making under $50,000 a year.

Here is how America's current economic situation works out:
If ten guys in a fraternity order three pizzas a day, the one guy at the top ( top 10?f the American rich have 70?f the wealth) gets 16 slices .
5 guys at the bottom ( bottom 50?.,the 150,000,000 Americans that make under $50,000 a year and have 2?f the wealth.) share a half of a slice.
The Republican solution?
Give the guy with all the pizza more pizza, and take it from the 5 guys who are already sharing half a slice.

Here is what economic experts say about the Bush tax cuts to the super wealthy::
“Virtually every economics Ph.D. who has worked in a prominent role in the Bush Administration acknowledges that the tax cuts enacted during the past six years have not paid for themselves--and were never intended to. Harvard professor Greg Mankiw, chairman of Bush's Council of Economic Advisers from 2003 to 2005, even devotes a section of his best-selling economics textbook to debunking the claim that tax cuts increase revenues.
Reagan's tax cuts for the nonrich were big money losers, and it took the fiscal discipline of Bill Clinton to mop up the resulting red ink.
the Bush tax cuts were meant to create big deficits.”

But let us not worry about the rich. They have bought enough Senators and Congressmen and sold middle class Republicans naïve enough to believe that hucksters on fox that the economic crash started by spending trillions on a worthless war combined with excessive tax cuts to his billionaire buddies never happened.
Answered By: Dick Cheney - 3/13/2011
Additional Answers ()
Bush had an unemployment level of 4.7?

Since Obama was elected, we've been north of 8? 4.7?s a number Obama will never see.
Answered By: Scooterpoop - 3/13/2011
Obama is too busy destroying them, faster than we can make them

the only solution is to get rid of obama
Answered By: Bottom Contributor - 3/13/2011
Hussein and his union buddies,sent them to China!!!!!!
Answered By: Bulldog - 3/13/2011
They created 7 million. Fannie Mae/Obama lost 7 million though.

I understand that honesty isn't a strong-suit for you liberals, but enough is enough of the lies, pal.
Source(s):
Above: Unemployment was actually 4.6 when the Democrats took Congress.
Answered By: Sig Sauer P-239 - 3/13/2011
As soon as they bust the unions and can start hiring people at less than minimum wage, with no workplace protections.
When Americans are willing to work for third-world wages, they'll start hiring Americans.
Until then, they need more tax cuts so they can keep up the facade.
Answered By: Bug - 3/13/2011
It didn't work. Tax cuts don't create jobs, they increase the debt.
Answered By: Air force Devil dog - 3/13/2011
Can't you see them already? Since the Bush tax cuts was renewed unemployment rate fell from 9.8?o 8.9?The labor department said they was 190,000 jobs added last month.
Answered By: My Constitution - 3/13/2011
A six year old monkey could have led the 90's to prosperity
Answered By: Whole Picture - 3/13/2011
Boo Hoo. Please get over November and Wisconsin. You will never be able to handle 2012. LOL
Answered By: Libs, Zero Tolerance - 3/13/2011
The tax cuts passed ten years ago, right after 9/11, were intended to help lift the country out of the rescession caused by the terrorist attacks.
They worked. The economy recovered and the Bush years were properous, until the Dems took over congress in 2006.
Answered By: Joe in texas - 3/13/2011
Don't move, they are about to trickle all over you.

Joe, Joe, Joe, you believe that crap?

Truth is the economy started to falter in 2005 and the Dems had every one of their bills vetoed by W.

Try looking for the truth someday, ok?
Answered By: Agent Orange - 3/13/2011
The Bush tax cuts got us out of the Clinton recession.
Answered By: Sean - 3/13/2011
Maybe soon. The House is controlled by Republicans now so investors and business people know we can block any anti-business legislation.

That seems to have already made them less fearful of what might happen next.

Now we just need to somehow stop the verbal attacks and vilification of the rich and business from the left and maybe that will be enough to start investment and growth again.

Will you stop for your country?
Answered By: 0bozo the Warmonger - 3/13/2011
24 million new jobs under Clinton??? Who did the math on that one??? You mind explaining to me WHERE those jobs were??

That sounds more convoluted then his administrations' stats on gun control!!
Answered By: Dear Blabby - 3/13/2011
Your premise is all wrong. It's not the fact that you didn't take money from people, in the form of higher taxes, that increased the deficit. It was the spending of money the government didn't have that caused the debt.

Please educate yourself and look at Bush's unemployment average versus Obama's.
Answered By: goldspursx3 - 3/13/2011
The Bush cuts were for the Clinton recession which was cause by the tech bust and cooked books such as that of Enron. Much of that recession fall out happened in 2001 after Clinton left. Enron collapsed in the fall of 2001 and President Bush had ordered the other companies to fix their books which shaved off billions of dollars in artificial gains. Those artificial gains were there to boost the price of stocks and it's with shares that the board of directors get paid.

Obama has pumped $12 trillion (mostly through the federal reserve and printed money) into the economy and still has created a negative 4.2 million jobs a year.

The reason why nether tax breaks or stimulus has helped is because the world is over producing compared to what people want to buy. That's because half the world population lives in households that make a dollar or less a day. Only 20?f the world population lives in a building with a working refrigerator. The reason why the housing boom even happened was because of trillions of dollars in loans where the same dollars were counted several times over. Without that boom and bust during the Clinton and Bush years, the U.S. economy would still look like the Bush Sr. years. That recession was caused by a tax hike.
Answered By: gregory_dittman - 3/13/2011
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