Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Kaslin
President Bush doesn’t like to admit he’s made mistakes. But if White House chatter about an economic stimulus package is true, the president is about to repeat a misstep made early in his first term.

I’m talking about the 2001 tax rebates -- government handouts that arrived in the mail. Individuals got $300 and married couples received $600 -- all in hopes of stimulating the economy.

The writer is correct. W has always been economically ignorant and disinterested. Apparently he hasn't learned much either. The only reason W got a second term was congressman Bill Thomas took control of the 2003 tax cut and economic stimulus bill.

6 posted on 01/20/2008 5:26:21 AM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Moonman62
Not to mention from the article a good part of the 8.3 million jobs created were being counted from the artificial housing boom with illegal construction workers being counted in the fray as well as all the 'new' jobs in real estate and lending. From what I've read over 3.5 million jobs from Wall Street, Banking, sub-prime lending, flipping and construction disappeared in 2007 and that's a very conservative estimate.

Making the 2003 tax cuts permanent and balancing the budget will do more for the economy and Wall Street and confidence in foreign investors than anything else W and Congress could possibly come up with.

28 posted on 01/20/2008 6:02:51 AM PST by RSmithOpt (Liberalism: Highway to Hell)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson