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October 11, 2007


George Will has said that to a three-year old with a hammer, everything looks like a nail. To Brendan, everything looks like the dreaded supply-side economics, even Administration statements about the deficit and the economy that are indisputably true.

The left is aghast that the economy has been strong and depressed that so substantial a percentage of the tax cut has turned out to be self-financing, causing the deficit to be considerably less than projected. But its heart is in the right place, for it understands that the Government has done a terrible thing by failing to take from the people trillions of dollars that rightfully belong to the Government. Some things are unforgivable.

Rob -- what strong economy. The long run average growth rate of the US economy is 3.5%.
Over the last four years -- after the tax cut and following the republican practice of throwing out the first two years or all the bad data -- real gdp growth has averaged 3%.

The consequence of the Bush tax cut has been to reduce growth to half a percentage point below trend. Way to go Brownie.

Ole Robbie....you need to listen to the new Reagan, Fred T.

You have to get the message out! Smile, be happy.

The Bush II economic legacy is pure deficits...nothing more, besides increasing income inequality.

Helluva job, Brownie.

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