It's the economy, again (The most pathetic Bush criticism yet!)

The Des Moines Register ^ | 6/27/2002 | an unkown cretin

[winin2000]

The need to raise the limit on the national debt is an indelible reminder that President Bush's economic policies aren't working.

The government is plunging deeper into debt while the stock market falls, corporate scandals mushroom and the economy seems to be in a state of limbo.

[winin2000]

After all, the tax cuts were supposed to avert the recession and bring a big burst of prosperity. Clearly, they didn't work as intended.

Even by the bottom-scraping standards of liberal editorial boards, the economic illiteracy on display here is not to be believed.

Where to begin?
A. There is now real question as to whether there was a recession at all! There is only a single quarter in 2001, the 3rd, where we can definitively point to a decline in GDP; it takes 2 negative-growth quarters to constitute a "recession," and Bush tax policy, with the exception of those stupid rebate checks, wasn't in effect when it occurred.

B. At the insistence of the RATS, the tax cut is phased completely in over a period of ten years! Only a single percentage point has been shaved off each bracket thus far, and this has been in effect barely six months. And in any case, the great majority of economic indicators since the first of the year have been positive.

So, a quarter of negative growth under the Clinton tax code and a quarter of positive growth under the first Bush tax code - an oversimplification to be sure, but this is all we have to look at - and this pinhead pronounces tax cuts "didn't work!"

This is the stuff of DNC hacks. They're professional liars. Whoever wrote this was simply too stupid to comprehend the asininity of the assertion.

[OldFriend]

Nice that they are forgetting that the economy grew at over 6% last quarter...........so they can keep on keeping on all they want. Personal income increased and there is more hiring now. Things are still shaky but this recession bullship is typical desperate demonrat wishful thinking.

[Irene Adler]

The Des Moines Register is run entirely by leftwing liars. Pay it no heed; it just keeps getting smaller and smaller so it's obviously not doing terribly well.

[woofer]

Actually, since I relocated to the Dead Moines area in March, I've read the local rag less than ten times. Couldn't take it after the first two days. Now I'll buy it when I need to liven up the office with a few wise cracks at the Dims' expense. The editorial page is a joke for the seriously politic minded.

It is a pitiful excuse for a daily news sheet. Heck, the Elgin (IL) News Courier in the late seventies was a better paper than the Dead Moines Resistor.