Scott, you posted a great comment earlier re: President Bush's announcement about the economy and the deficit. I watched the announcement live, and a great line from W was to the new Treasury Secretary: "You've been on the job one day, and you're doing great!".
The point is, as you so well stated, the tax cuts help the economy by putting more money into our pockets...and the money doesn't stay there! We spend it. Good for the economy as measured by GDP, jobs, real estate prices (nudge, nudge, wink, wink) etc.
Now look at what the NYTimes says about the announcement today here. Are they on the same planet as the US economy?
Tuesday, July 11, 2006
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