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  • notarethug notarethug Nov 26, 2012 6:27 PM Flag

    A TAX INCREASE WILL CREATED: HIGH UNEMPLOYMENT, FORECLOSURE, STAGFLATION, BAD NEWS!

    Steve Forbes got famous in 1993 for predicting the Clinton tax measures (mixture of cuts for the lower classes and increase to 39.6% for highest brackets) would skyrocket unemployment and crash the U.S. stock market. His alternative to U.S. stocks: invest in Japan.

    Results: 1. Greatest prosperity in U.S. history with employment gains unmatched in recent years.
    2. All time highs for the DJIA.
    3. News media and voters in Republican primaries still considered Steve Forbes a serious candidate for President. Voters rewarded Democrats by electing George effin Bush in 2000.

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    • moron_bagholder_research_panel moron_bagholder_research_panel Nov 26, 2012 6:36 PM Flag

      Just like the Bush Tax CUTS were supposed to creat jobs, right?

      ******************************************************************************
      Bush On Jobs: The Worst Track Record On Record

      By WSJ Staff

      President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

      His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.

      Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on total payrolls between the start of the month the president took office (using the final payroll count for the end of the prior December) and his final December in office.

      Because the size of the economy and labor force varies, we also calculate in percentage terms how much the total payroll count expanded under each president. The current President Bush, once taking account how long he’s been in office, shows the worst track record for job creation since the government began keeping records. –Sudeep Reddy
      *************************************************************************************

 
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