The tax breaks did help, and it's false to claim that 800,000 jobs per month were lost when Bush was President. It simply ain't true.Then explain why all the taxbreaks failed to create jobs during the 8 years that Bush and Company ran the US? And why did they lose some 800,000 jobs per month?
The facts are these: The tax cuts were implemented in 2001 and in 2003 to spur the economy which reacted quite negatively to the 9/11 attacks. Within several months of the tax cuts being fully implemented, we saw growth return to the economy, and that growth continued at moderate and consistent rate until after Democrats gained control of Congress in January 2007. IOW, the tax cuts did exactly what they were intended to do - they helped pull the economy out of a slump.
During Bush's Presidency, unemployment remained under 5%. Also, when Democrats took control of Congress, the DOW was at an all-time high, gasoline was under $2 per gallon, and the annual budget deficit was around $350 billion even though we were funding two wars.
After Democrats gained control of Congress and began implementing their socialist policies, the budget deficit quadrupled to $1.5 trillion per year, the housing market collapsed, the DOW lost half its value, unemployment skyrocketed, and the price of gas is double today what it was then.
So, to claim that Bush and the tax cuts implemented a decade ago are the cause of our current economic disaster is ignoring the facts.
The job market now is far worse than at any time since the great depression. More people are out of work than ever, and we have record numbers of people living in poverty and on welfare. That's what the Democrats gave us.Also explain the gain of some 2.4 million jobs during the past three years? Not to mention a lower tax rate for all workers, inclduing businesses, passed by Obama.
As far as Obama lowering tax rates, that's an outright lie. Income tax rates have remain unchanged for almost a decade, and the power to lay and collect taxes is that of Congress, not the President. Obama couldn't lower anyone's taxes even if he wanted to. He tirelessly advocates raising taxes, not lowering them.
Don't be one of the mindless retarded liberals that swallows up whatever the leftist elites in Washington spew out. Use your mind and check the facts. IOW, don't be a gullible dumbass.