It's obvious that something is wrong
No, actually...it's obvious that many are buying the Dems' typical election year strategies.
Are bubbles popping? Yes, corrections are underway...but when we haven't yet had a quarter of negative growth, I think many are over-reacting in knee-jerk fashion.
Because it takes work and I'm too busy growing my own food that I can afford under the Bush economy.
Here's an excerpt from a pretty good article describing the battle of the 2003 tax cuts and Bill Thomas's role, and how W had opposed capital gains cuts for years:
Where he actually went was a place where House conservatives, unsuccessfully, had tried to push the president: the supply-side standby of lower capital gains rates. Rep. David Dreier of California, the powerful House Rules Committee chairman, in early January introduced a modified tax cut. "I love it," House Majority Leader Tom DeLay told me. Joining the capital gains cabal was none other than Bill Thomas.The whole article is worth reading and can be found here.Thomas tried to explain to the White House that so many more taxpayers were touched by capital gains than dividends that it will be much easier to sell. No success. Thomas got the same blank stares from the administration that Dreier had been receiving from Bush economic advisers going back to the 2000 campaign.
Are bubbles popping? Yes, corrections are underway...but when we haven't yet had a quarter of negative growth, I think many are over-reacting in knee-jerk fashion.
A recession is arbitrarily defined by the NBER, and they won't tell us until months after the fact that we had one. There is neutral evidence that the economy has stopped growing, and that is just as bad in an election year. Cheerleading Republicans can continue in denial and pretend that W is a good economic president, but you're setting yourself up for a slaughter this November.