Posted on 09/30/2003 4:21:11 PM PDT by jmstein7
This is not going to please Jonathan Chait of The New Republic who has admitted that he hates George W. Bush. This is from an Associated Press story, "Flush with extra cash from tax cuts, America's consumers treated themselves in August and spent with gusto, which is good news for the economy's revival. Many analysts believe that the economy is growing at a rate in excess now of 5% in the current quarter…" This AP writer, Jeannine Aversa, whether she knows it or not, has now linked the Bush tax cuts to rapid economic growth, which Jonathan Chait at the New Republic is going to hate. Many of you liberals are not going to like this, because this isn't supposed to happen. The Bush tax cuts are supposed to cause all kinds of harm; the poor and women are supposed to get poorer and become even more women-like. It's just not good. Tax increases are what we need, especially on the rich.
But now we learn that tax cuts may push economic growth to over 5% in this quarter. This works every time it's tried. It's working now. This ought to be reacted to as good news! This is good news for the economy! There's consumer spending out there, and consumer confidence, somewhat lagging, will catch up, just like unemployment, which is always a lagging indicator on economic growth.
Now, in any normal circumstance, atmosphere, or universe, this would be great news. The economy is rebounding. But it's horrible news today for the Democrats, horrible news for the left. This is the exact opposite of the kind of news they want. They want misery. They want economic collapse. They want malaise. They prefer a straight, flat line, or maybe a decreasing line when it comes to economic growth and activity. That will help them get reelected. They think they'll fix it later when they get into office, but it's not happening, and this will make them even angrier, my friends.
Read the Article... (AP: Tax cuts help spur higher spending in July, August)
http://www.rockymountainnews.com/drmn/business/article/0,1299,DRMN_4_2309202,00.html
Yeah, they're doing the local school district and insurance company a lot of good, because they got every penny of mine. But since I don't have a gaggle of kids that I can't afford, so I don't deserve anything else.
Do you have a job?
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