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With the individual side, and quite frank lyrics it s confusing. frankly, it s confusing. david: gary, the reagan years, there was a tax cut that everybody remembers with rosy glasses, and it did lead to tremendous growth in the economy. it didn t kick in until 1983, and that was a problem. it was delayed, it was phased in which was a disaster. it also left the top tax rate on salaried income at 50%, so that also had some sticking points to it. but in the end, it led to the richest and the poorest americans doing quite well. and he took the high end down to 28% david: that was in 86 though, remember? that was after several years. right. but my point is, ultimately, when all was said and done it unleashed everything great about the economy. and i ve got news for you, the economy s not washington, the economy is the workers and the people in the country. david: all right. guys, we ve got to leave it at that. john, i owe you one. thank you very much. ....
Tax credit carts in this box and here we are today. what everybody is saying is hey, this only happening because we stopped giving people money. right. let me show you something that maybe somebody in the media should point out. huh. you see what happened? this didn t effect anything. it s a straight line. it s a straight line. this is all bogus. it didn t kick-start the economy. it s a straight line down. let me show you this. previously owned homes fell 27.2% from june. largest drop. not since george w. bush. not since the first george bush, but since lyndon b. johnson. now, the media, what they ....
Leer is where the buyer home tax credit carts in this box and here we are today. what everybody is saying is hey, this only happening because we stopped giving people money. right. let me show you something that maybe somebody in the media should point out. huh. you see what happened? this didn t effect anything. it s a straight line. it s a straight line. this is all bogus. it didn t kick-start the economy. it s a straight line down. let me show you this. previously owned homes fell 27.2% from june. largest drop. not since george w. bush. not since the first george bush, but since lyndon b. johnson. now, the media, what they ....