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Minn. to find out if tax hikes kill jobs - Title
Ok. Let's look at history.
Before the Bush tax cuts for the wealthy, Clinton had a Surplus, the American middle class was growing, and America had a 4% unemployment rate.
After the Bush tax cuts, the national debt doubled, wealth for the richest 1% has almost doubled, and unemployment when Obama took office was 7.8%.
Who was in between Clinton and Obama?
**'The $2.5 Trillion tragedy: What America has given up for 10 years of Bush tax cuts' -
By Zaid Jilani – Think Progress – 07/07/11
'While doing so, Bush promised prosperity and growth, but the nation got neither.
When he was in the US senate, Mark Dayton was acknowledged as the worst senator of his generation. He is continuing that legacy as Minnesota governor. His inherited wealth (Target Corporation) and lack of reality based proposals have made him a walking disaster. He is the arch-typical limousine liberal.
Pagan, you are wrong. Tax breaks didn't kill the economy. Two wars and out of control spending along with a real estate bubble and bad loans killed the economy. You seem to forget that Clinton was president during the dot com bubble that burst in his last year in office. The Bush tax cuts were an effective way to come out of the recession that was in progress when he took office. I recall that even Al Gore was in support of some tax cuts in order to stimulate the economy at the time. The debate was not if taxes would be cut, but how much. Although I am not a supporter of Bush, I am at least objective enough to know that his tax cuts did not create the recession that happened on his watch. Your agument is flawed and doesn't work unless you cherry pick the data.
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