Tax Cuts Continue to Work

by Sal on April 23, 2007

in Politics

The Dow reached an all-time high last week, and is at the cusp of hitting 13,000 for the first time.  The Dow has posted gains in 15 of its last 16 sessions, a feat only accomplished three other times and last done 15 years ago, prior to the Clinton presidency.  The economic slowdown that some economists feared coming into 2007 has not materialized.  Revenue and profits are growing faster than anticipated, and by all measures the economy is booming.  So why isn’t Bush getting credit for a good economy?  All we heard through the 90s was about Clinton’s handling of the economy.  Today’s economy is just as robust and arguably more sound than the bubble from the late 90s.  It shows the success of the Bush fiscal policy of tax cuts.  Of course, he’ll never get credit for it, but it is one of the unsung successes of the Bush administration. 

{ 2 comments… read them below or add one }

Ryan April 23, 2007 at 4:15 pm

Here is an anecdote on this very point. I just got my 403b bimonthly statement in today and it’s looking real good. I’m up quite a bit since March and have recouped all of my losses plus more after the market’s last correction. Personally, I’d like to keep the Bush tax cuts and agree that the economy is doing quite well. Like his Iraq approach, Bush is relatively quiet on the whole thing, occasionally coming out now and again to let us know what’s happening in his bunker. We’re at a 4.5% unemployment rate… or a 95.5% EMployment rate. Gas is too high, but housing costs are going down. All in all not bad.

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Noonan April 26, 2007 at 10:35 am

Between low unemployment and the high stock market, Bush should be doing a lot more to tout the success in handling the economy. Effective policy, bad salesman.

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