I completely agree about Newt et al getting to share the credit with "Bubba" lolYeah, Bush gets a lot more blame than he should have for the 2008/2009 economic crisis. Asleep-at-the wheel regulators, Barney Frank, Cuomo when he was at HUD, and a lot of other Democratic and Republican politicians were as responsible.
As for Long Term Cap Gains rates, personally I think 20% or at the very most the 23.8% (including the Obamacare tax) we are at currently is more than high enough. 43.4% is suicidal for our economy and I honestly don't see it happening unless and until the country has swung so far left as to have elected a Bernie Sanders/AOC ticket to the White House and we aren't there quite yet lol
Back to Clinton, the worst thing that did happen under his watch and just one of the many reasons I despise Andrew Cuomo was the fact that the housing crisis was directly caused by his policy of "affirmative action" for housing. Yes, George Bush didn't do anything to stop it so he bears some of the responsibility too, but there is no doubt to any objective observation of the facts that the housing crisis and later melt down started under Clinton with Andrew Cuomo being the chief architect of the crisis. Originally Posted by GaGambler
If you're interested in the capital gains issue, you might take a look over in the "Who's going to pay for all this shit" thread. Captain Midnight, a brilliant economist who doesn't post much any more, weighed in there today. I wish he and LustyLad would visit more often on the economy-related topics. The disprove the maxim that you can't learn anything of value in a political forum on a hooker board.