And government tax revenue has increased and the U.S. budget deficit is less than predicted earlier this year. Who says tax cuts aren't good for the economy is the Republican mantra? From the political standpoint, we have a situation where the economic policies of the Bush administration have proven to be positive. Of course, there are the naysayers with their honed analyses to show the news isn't really good after all. Good economic news is bad news for the Democrats who typically rail against 'tax cuts for the wealthy.' Anyone with half a brain knows that is nothing more than political rhetoric. I note they are generally silent recently about the positive economic news. Instead, the extreme Democrats would rather try to derail Judge Roberts' nomination to the Supreme Court.
However, remember that the economy and markets have their own dynamism and government tax and spending policies, whether Republican or Democrat inspired, can only tweak the economy because it is influenced by so many other factors. We must not be quick to attribute economic success or failure to one party or the other. Instead, let's all cheer Alan Greenspan for his efforts. After all, he is more powerful in fiscal matters than any President.
No comments:
Post a Comment