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Day By Day by Chris Muir.

8.08.2005

Wasn't It Just Yesterday....

As the accompanied link illustrates, President Bush is confident in the direction that the United States economy is traveling. He is justified in his belief for one of the few ways that a president can have a direct effect on the economy via his policies is through any implemented tax cuts/increases. President Bush's tax cuts, though miniscule, further illustrate that supply-side economics indeed works.

It was just under a year ago that one of the fundamental issues promulgated by the Democratic Party through Senator John Kerry was that we had the worst economy since the Great Depression (Is this not always the case when a Republican is in the White House?). Where are those same cynics and critics now? What has changed? An economy such as the gargantuan one we have here in the United States takes a longer time to absorb the ebbs and flows, to absorb any shitfts in policy. President Bush's tax cuts from before 9/11 are just now yielding their benefits. Now is the time to make these tax cuts permanent so that Americans do not have to sacrifice any more of their own. It will be interesting to hear the spin on this issue now that the tax-cut benefits are finally seeing fruition.

Also, it should not be forgotten that this President's plan is working through terrorists attacks, a two-fronted war, corporate scandals.......But, wasn't it just yesterday that we heard that this was the worst economy since the Great Depression?
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