Comment

Pro-Life Republicans Vote to Kill Poison Control Centers

127
Killgore Trout3/05/2011 2:46:24 pm PST

re: #121 BryanS

I stated what I though about the 90’s and made it very clear that I believed it was a classic boom to bust scenario, having nothing to do with tax rates. In fact I argued above that tax rates probably should have been higher.

Are you claiming there is a clear inverse relationship between tax rates and economic growth?

I also suspect that period of growth was also due to the fed keeping interest rates lower than they should have been. It made the economic meltdown worse and helped fuel the housing/banking bubble. I think no matter how you parse it, the period from 2002-2008 was just waiting for the inevitable collapse.