That's the part you don't seem to get...ELECTION YEAR.
And thus the continued repetition of the word "recession" even though ONE quarter of negative growth has not yet been realized.
Your only "proof" that Bush was "against" cap gains is Novak? Sheesh. Novak often gets stuff wrong in his "behind the scenes" gossip. President Bush was on board for cap gains. May not have been his brain-child, of course, as many ideas he brings into being are conceived by those under him. Larry Kudlow also had a hand in promoting cap gains at the WH. But it was included in the bill Bush signed along with other tax cuts. The whole package worked to stimulate the economy for many, many quarters.
Pres. Bush continues to stand against tax hikes today. God bless him for prospering America. It's my guess we will see negative growth for only one quarter...no recession by election day. Poor Hillary.
Which is a correlation you are mistaking for causation, and now now you sound like a conspiracy theorist.
And thus the continued repetition of the word "recession" even though ONE quarter of negative growth has not yet been realized.
You don't know that. Numbers get revised for months afterwards, and that's why it takes the NBER so long to declare whether we had a recession or not. What matters is we are in the middle of a significant economic slow down with very high energy and food costs thanks to poor economic leadership. Democrats are energized and Republicans are not because they are disappointed with the way Republicans have behaved under W's leadership.
Your only "proof" that Bush was "against" cap gains is Novak? Sheesh. Novak often gets stuff wrong in his "behind the scenes" gossip.
I don't care for Novak either, but there are other stories that confirm this particular story. Maybe you should come up with your own sources that show W originated and pushed for the capital gains tax cut in 2003.
May not have been his brain-child, of course, as many ideas he brings into being are conceived by those under him.
Nope, those under him, in particular Lawrence Lindsey opposed the cap gains cut, too. Members of Congress are not under W, and in this case they defied him.
But it was included in the bill Bush signed along with other tax cuts.
W's words were "put together a tax bill and I'll sign it." Which was no revelation since he signed everything that came out of Congress, and is another reason why he's been a poor president, but it did indicate that he gave up on his own tax plan without a cap gains tax cut.
The whole package worked to stimulate the economy for many, many quarters.
Yes, and we can thank Bill Thomas for that. W should also thank him for his second term.