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Then why did small business owners, when polled by Forbes, say that regulation was NOT a problem?
Wow. Never heard Schultz say that but I rarely listen to him. Can you provide a link, date, or similar reference so I can see what he said?
@ Whit If calling someone stupid isn't name-calling, then truly you are the stupid one. That's OK. I've been on these forums long enough to realize that when y'all run out of facts or logic, you start questioning someone's intelligence. Next comes questioning my sexuality, nationality, or religion if this continues the way it has in the past.
@Kevin Last I checked, the consensus among historians was the GD started because businesses couldn't get enough customers to purchase products, leading many to invest in the stock market as a way to earn income lost from low sales. When the bubble burst, there you go. But I will look into your idea - thank you for actually posting some references. I may think you are wrong but I appreciate that.
@ Whit If calling someone stupid isn't name-calling, then truly you are the stupid one. That's OK. I've been on these forums long enough to realize that when y'all run out of facts or logic, you start questioning someone's intelligence. Next comes questioning my sexuality, nationality, or religion if this continues the way it has in the past.
Good question, since Obama actually lowered taxes during his term.
@Russ A more accurate description is this: Millionaires won't stop doing what they do if taxes are cut or raised (except for ridiculous amounts like 0% or 100%). Most of their income is taxed lower anyway because its from investments, not income. And if the recession is over, let's thank President Obama for his leadership during this crisis. No? Oh, let me guess. The Republicans are somehow responsible, right?
@Salacious Agree that class warfare is real. The sad part is the 1% are shooting themselves in the foot. When the poor and middle classes better themselves economically, then the economy grows and the rich get richer.
@Kevin, OMG you are misinformed. I feel pity for you. By 1920 I thought you meant the GD. My apologies. The economy in 1920 was already improving before Harding cut taxes, but given that tax rates back then were 75%, I can see how reducing such a high rate led to economic growth The Great Depression ended because of massive government spending through defense (both in terms of paying businesses to produce weapons as well as direct employment in military). FDR's policies didn't turn the economy around but, since the GD began under Hoover, it didn't cause or continue the GD either.
@Kevin 1) If 8.4 million jobs were created, how did the unemployment rate rise from 4.3% to around 6%? 2) You are right that tax revenues increased from 2003 - 2007. That could be because of Bush II's tax cuts.
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