cawacko
Well-known member
of course.......why would the governing fiscal principle of an Administration have anything to do with economic performance?
Supply Side Idiocy, Part Deux
promoted the de-regulatory fervor which ranked as the major cause of the crisis (according to the FCIC report)
stripped the fiscal cupboard bare, leaving essentially no resources to deal with the Great Recession
while federal outlays grew at a rate of nearly 8% per year (with the Pentagon budget nearly doubling in NOMINAL terms over 8 years), personal income tax receipts (on an annualized basis) fell from 1049 billion in q2 2001 to 853 billion in Q2, 2009......
Supply Side Idiocy, Part Deux was worse for the US than 9/11, Pearl Harbor, and ACA COMBINED
Deregulation such as Sarbanes-Oxley? Or did I miss deregulation legislation that was passed?
