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Originally posted by Secret_Agent_Man
(b) Nonsense. Bush made that argument in a speech talking about direct tax relief to individuals during his campaign. In fact, the bottom 60% of taxpayers received 14% of the tax relief. This argument was close to an outright lie.
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This is how biased you are, you don't even see the other side of the argument. You are looking at % in terms of total dollars, rather than reductions to the marginal rates being paid.
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Originally posted by Secret_Agent_Man (c) Check the statistics. You're incorrect. A recession is defined as two consecutive quarters of negative growth. We had that -- though each year was net positive.
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So if we grow 5% in one quarter, followed by 4.9% and 4.8% in subsequent quarters, we are in a recession? You better check your sources. Negative growth means a contraction, which just so happens to be a synonym for recession.
