2. Inflation will rise to the 3% level-and media talking heads will say great
:-)
The poorly designed tax cut will continue to undercut jobs and econ growth, but econ growth of 3 to 3.5 next year should be expected -
Even a poorly designed toss of 500 billion down the well will cause some econ growth. 2005 will be dismal as all the stimulus runs out.
Clinton / Rubin knew how important tax code incentives and aligned expectations for government deficit /long term interest rates are to maximized growth.
This guy knows nothing but give public money to friends while he destroys medicare ans Social Security in order to save/modernize them..
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