If we are serious about the budget deficit we will allow the Bush tax cuts on those making in excess of $200,000 per year to expire. The false talking point that this would affect a large number of small businesses was debunked by factcheck.org the first time McCain made this argument (http://bit.ly/c3JMGA).
By simple experience, President Clinton had higher marginal tax rates with a robust economy and much more employment than Reagan. President Bush had one of the worst performances with some of the lowest tax rates and largest budget deficits.
|
President |
Jobs created |
|
George W. Bush |
3.0 million |
|
Bill Clinton |
23.1 million |
|
George H.W. Bush |
2.5 million |
|
Ronald Reagan |
16.0 million |
|
Jimmy Carter |
10.5 million |
|
Gerald Ford |
1.8 million |
|
Richard Nixon |
9.4 million |
|
Lyndon Johnson |
11.9 million |
|
John F. Kennedy |
3.6 million |
|
Dwight Eisenhower |
3.5 million |
|
Harry Truman |
8.4 million |
The WallStreet Journal article at http://bit.ly/afeNTH is telling. Carter in four years had more jobs created than BushII in 8 years.
If one simply looks at the numbers, it would seem that while Republicans talk a good game, performance seem to occur under Democratic Presidents. I simply do not understand why Democrats are so poor at selling their virtues and why the American population seems so content to be uninformed.