Have you heard the president's continuing argument that one important way to stimulate our ailing economy is to make permanent the tax cuts he worked to enact in 2001 and 2003. You remember 2001, right? That was back when the federal budget was balanced and the national debt was shrinking.
Well, now that we have a mis-managed war and a huge federal deficit--not to mention financial chaos from lax federal regulation--we have the president insisting that the key to helping the economic situation is making permanent the 2001 and 2003 tax cuts that are set to expire in 2010. This is just the most bizarre reasoning. Somehow, the president argues, the confidence inspired by these lower tax rates (mostly for the wealthy) will improve the economy.
Arrant nonsense.
Mr. President, the reason consumer confidence is low is partly because you are in office. Perhaps if you and Vice-President Cheney resigned, that would help inspire confidence in our economy?
Just a suggestion...
CDs listened to today:
- The Joggers: Solid Guild
- Gustav Mahler: The Symphonies, disk 7
- Public Enemy: Greatest Misses
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