As for the tax cut, the rebates were just the beginning. If you'll look back at your pay stubs from last year, there was a tax cut effective in June of 2001. I'm an employer and I could tell the difference in our employees' pay checks as well as my own .... and many of our employees work part-time for us as a second job so they're not exactly in "the wealthiest 1%." It wasn't huge ..... but that was just the first increment.
And, btw, thanks for the civil debate ...... it's a rare thing on FR these days unfortunately ..... and quite worthwhile.
Ronald Reagan inherited double digit inflation, unemployment, a weakened military and a country that was going in the wrong direction. Carter left us with a "Malaise."
In two years President Reagan turned the direction of the country around. The fruits of his policy decisions of the first two years (income tax cuts, indexing rates to inflation, military increases, etc.) were seen in the next six.
Bush has been giving the Democrats much of what they want, enacting their agenda. In return for all his "compromise", what has he gotten? Nothing. They won't even confirm his judicial nominations!
He's not implementing Reagan's strategy of taking 75% of what you asked for and fighting for the rest--the Democrats are using that on him.
Regards,