Arthur Laffer Bragging About the "Amazing" Bush Economy

[Welsh77]

i guess no one remembers history. with unemployment dropping from 6% to 4% in just a few years, gdp growth getting as high as 5% in early 2004 as we left recession, and rising standards of livng for everyone, you could say our economy wasn't bad. you guys would have us believe that the economy was better from 1975-1981 than 2000-08 if it means making bush look bad. most of the american public cant explain why they hate bush. on the other hand, even the dumbest tea partiers have a few decent pts.

[TylerThrashPeace]

this guy is insane! i say that because his emotions block him from the truth. he was brutally proven wrong by peter schiff back it 2006 and he said during the 2008 and 2009, the economy would be doing great, the housing market would still be better than ever and that wealth would continue to grow for all americans. was he right? no Arthur, you failed at your job during that time, you failed, you made it worse and hurt many people. you should stop doing what your doing, for the safety of america.

[anglekan]

bush was stupid, dumb, terrible......but better than obama!

[HoGraz]

@anglekan Absolutely wrong. Bush didn't even help out Republicans. Sure a lot of the housing market's crisis is due to Clinton's policies too, but Bush running the country was like having Charles Manson as president.

[Moonsabie]

i like this guy

[kmg501]

Laffer is a completely discredited fool.

/watch?v=2I0QN-FYkpw

[rivi8840]

It's too bad we got away from Laffer's principles under Bush in the 2000's, we could have avoided the mess we're in now.

[billmeradeia]

@rivi8840 What? Laffer loved Bush's policies. People like you are the reason corporations own every part of America now.

[barrw]

"No, the incomes are doing beautifully. We've had a great economy. Profits, incomes, jobs and everything is going right, Larry."

I think the question is - what part of this statement is right. By June - any economist who didn't see trouble on the horizon was way off base.

[Mothra69]

I love how people who cannot pose a real reason to object to another's arguments or positions revert to name calling. Can any of you Laffer detractors articulate why any one of his positions is logically incorrect?

[EscapeDummy]

mothra69: because we're in a big fucking worldwide depression, you fucking retard.

[kidcapri009]

mothra69 -

OWNED

[rmccay88]

@Mothra69

Watch the first two minutes of "Peter Schiff was Right" and you will see

[warrencurrier]

Laffer is an asshole

[MrSkaramanga]

It's interesting to note that Laffer is afraid to debate with Peter Schiff anymore and really, who can blame him, Pete figuratively ass-raped this moron with that stupid "penny" bet (which btw, laffer hasn't made good on yet lol) debate ....with that OTHER idiot as host... maria cabrerra carusso mpoutana or something like that.

[UpTick21]

Peter Schiff is a heavyweight. He hasn't been wrong yet . . . and I agree with you . . . Laffer is as worthless as a bag of wet hair.

Laffer needs to get a job in a pet store grooming poodles!!!!

[cmcphee]

Arthur Laffer couldn't balance my checkbook.

[MrSkaramanga]

Arthur Laffer is a used car dealer, nothing more. WHY he is even *considered* to be worthy of even discussing economic issues any longer is an insult to the average viewer. Think about how brainwashed the average viewer is and that statement is magnified 100 fold.

[AlpondrickTheGreat]

and your source is?

your point?

[HansOloPL]

Arthur Laffer is a kid with a degree.

[AlpondrickTheGreat]

that's why the economy was very good when he was advising?

super kid!

the dem congress of '06 brought good things to life?

you can give scarry reid and his mistress pelosi a big fat wet one for that!

and they're not even kids.

[HansOloPL]

What was very good? Tell me one thing. He is same idiot as polish "genius" L. Balcerowicz who was supported by Jeffrey Sachs in 1989. J.S. pleaded guilty of mistakes L.B. didn't. There was nothing good in economy during last 100 years.

[samirbensaheila]

arthur laffer is a complete prick, thank fuck i do not have money with his firm. he was wrong two years ago and he is wrong now. i hope they take away his house in the hamptons and bankrupt him, the supercilious little asshole

[FarangBalls]

laffer is a peice of shit douchebag. watch the clip of peter schiff on this show. all schiffs predictions were correct, and laffer was a complete asshole to him. FUCK YOU LAFFER.

[Richardgwm]

Under Bill Clinton, the S&P 500 soared 210%. Since George Bush took office, the S&P 500 has lost 1%. That is right, 7+ years of negative stock returns.

We cannot afford another four years of Cheney/Bush economics under George W McCain.

[nospam2318]

7 years of negative stock returns? Here are annual returns for the S&P 500 for 2000-2007: 2007 3.81% 2006 12.80% 2005 3.01% 2004 9.00% 2003 26.39% 2002 -23.37% 2001 -13.04% 2000 -10.14% src: Bloomberg These returns are not adjusted for dividends, which would make them better, not worse.

[Shadyhunter04]

Thanks Nospam, I hate bastards like Richardgwn that spew misinformation.

[AlpondrickTheGreat]

lyin' sack.

you mean since '06 dem. congress takeover.

[Richardgwm]

Stock market total returns (S&P500) during Presidential terms: Roosevelt (12.1 years) 336% Clinton (8 years) 259% Eisenhower (8 years) 216% Reagan (8 years) 200% Truman (7.8 years) 185% Bush Sr. (4 years) 73% Johnson (5.2 years) 65% Carter (4 years) 56% Ford (2.4 years) 51% Kennedy (2.8 years) 33% Nixon (5.6 years) 10% Bush the Lesser (7.7 years) -28% Hoover (4 years) 68%

[LexPhilogus]

None of your stats are adjusted for inflation, or in this case the Stagflation of the Carter years,so the Jimmy Carter numbers pretty much dont count.

Clinton shrank the size of Government even more dramatically than Reagan did, and tax rates were lower, plus NAFTA was passed. Clinton was also a big deregulator and more corporate mergers were allowed than ever before.

This is why Arthur Laffer voted for Clinton twice.

Kennedy pursued lower taxes than we had under Republican Eisenhower.

[LexPhilogus]

You want facts !?

You're going to get em.

[Richardgwm]

Facts are hard, real things. I know conservatives hate facts because they put the lie to the conservative ideology.

[LexPhilogus]

Components of the Kennedy Tax Cut:

a. Cut individual income tax rates across the board, including reducing the top marginal rate from 91 to 70 percent. The lowest rate went from 20 percent to 14 percent.

b. Reduced the rate of corporate taxation from 52 percent to 47 percent.

c. Liberalized rules for the depreciation of capital

[tylertyler82]

California is the wealthiest state in the union and it has the largest number of millionaires and billionaires in the world.