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Bush Can't Say `Mission Accomplished' on Economy

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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-04-03 06:30 PM
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Bush Can't Say `Mission Accomplished' on Economy
Most of these provisions were judged by the Congressional Budget Office, Congressional Research Service, and Goldman Sachs, to be just about the worst bang-for-the-buck stimulus you can possibly imagine.

Even if Bush's most prized tax cuts were responsible for 100 percent of the third-quarter lift, it would be absurd -- let me repeat, absurd -- to argue that such a short-term contribution vindicates the administration's assault on our nation's long-term fiscal soundness.

A temporary economic blip justified a temporary rise in the deficit, not policies that blow a hole in our deficit for decades to come. The administration's tax cuts, if extended, will cost more than $4 trillion over the next decade. In 2013 alone, 12 years after the recession has ended, the tax cuts will still be costing our nation over $600 billion!

http://quote.bloomberg.com/apps/news?pid=10000039&sid=awyOrTkJtmzY&refer=columnist_sperling

It's written by a Clinton guy, but published on Bloomberg's web site....
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ramapo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-04-03 08:41 PM
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1. Can't but will
There is a propaganda machine that does an excellent job promoting the current ruling party. Of course they'll say "mission accomplished" and more.

Listen to the justification for removing the steel tariffs today. They said the industry had recovered (thanks to imposing tariffs) because the Bush policy had worked so well and now the tariffs can be removed.

It'll be tough to expose the shenanigans. Maybe we need Perot with his charts.

There aren't that many thoughtful voters who will think past whatever catchy slogans the advertising writers come up with. The facts don;t matter much.

If the media portrays the economy in the "Morning in America" light then it will be very difficult to counter that mindset.
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