The Stimulus Package

[Jason1]

Originally Posted by Professor S

Question: We had 70% tax rates before (even higher, in fact) under FDR and Carter. How did those rates work out for the economy during their presidencies?

Not nearly as terrible as the Bush tax-cuts turned out now...maybe dont raise it right now, but after the economy recovers a little we need to spread this wealth around, instead of just letting the rich get richer and the poor get poorer.

Carter was an underrated president, he actually did a lot of good for our country.

[Professor S]

Originally Posted by Jason1

Not nearly as terrible as the Bush tax-cuts turned out now...maybe dont raise it right now, but after the economy recovers a little we need to spread this wealth around, instead of just letting the rich get richer and the poor get poorer.

Not as bad as the Bush created economy? Really? Unemplyment under FDR never went below 14% and averaged well over 20% for all 8 years before WWII. Inflation rates under Carter were at double digits.

I'm not saying that Bush's toleration of harmful regulations and non-existant oversight were good in the end, but lets have some perspective.

Carter was an underrated president, he actually did a lot of good for our country.

How so? (Honest question)