Bush: Past tax cuts enough to aid economy

[w4rma]

CRAWFORD — President Bush on Wednesday suggested that no new tax cuts are needed to stimulate the nation's struggling economy.

Bush credited the tax cuts in 2001 and earlier this year for a moderate jump in the economy, and said he is optimistic the cuts will create new jobs for out-of-work Americans. The president spoke after a meeting with his top economic advisers, including Treasury Secretary John Snow, Commerce Secretary Don Evans, Labor Secretary Elaine Chao, budget director Joshua Bolten, and the president's top economic adviser, Stephen Friedman.

"We believe that the tax relief plan we have in place is robust enough to encourage job growth," Bush told a group of reporters at his ranch just outside of Crawford.

But Democrats and some economists say Bush's tax cuts are skewed toward the wealthy and have not done enough to create jobs and stimulate the economy. They would have preferred measures to help low- and middle-income Americans.

Critics also say that short-term improvements in the economy shouldn’t cloak the dangers of the growing federal deficit.

"The Bush policy is the worst policy in the last 200 years," said George A. Akerlof, a 2001 Nobel laureate in economics who works at the University of California, Berkeley. "Within 10 years, we are going to pay a serious price for such irresponsibility."
…
http://www.wacotrib.com/news/newsfd/auto/feed/news/2003/08/14/1060839679.00100.7773.0660.html

[trotsky]

1. I think this is significant.

Cracks in the facade. Remember, a while ago * said it would be part of his agenda to promote a tax cut every year. Bailing out on that pledge now means they realize more trickle-down will only make it worse. Watch the right-wing media spin now.

[NNN0LHI]

2. True headline: No more tax cuts. We ran out of money. Your money.

Don't spend the last check all in one place because there ain't no more.

Don

[gristy]

3. bush*: "If we change our opinion, we will let you know."

That was the best chimpy line of the day (ny times link), and it was NOT reported in the Waco Trib article (no surprise there)...

[qanda]

4. The worst policy from the worst ever president! nt

nt

[scarface2004]

5. i thought the cure for the blackout problem....

was to cut taxes!!!!

[Ouabache]

6. What - No More Tax Cuts ?

That's enough vacation for you, mealymouth. Back to work you sick, disgusting slacker.

[wellst0nev0ter]

7. Three Times The Charm, Eh Monkeyboy?

Fuggin twat.

Maybe from now on you'll start more budget-busting wars to get our economy back up to Clinton's worst days, how's that?

[wellst0nev0ter]

8. And I Though You Sez The Recession Ended Nov. 2001

Which means we probably didn't NEED the goddamn tax cut last April, you dunce!

[grilled onions]

9. jobs are created all right...

..too bad they are all in India.:(

[jamesinca]

10. Maybe he is begining to realize the war will not carry him

Maybe he is beginning to realize that he needs to have something on the domestic front, not just scare tactics of code purple or brown or what ever color terror alert it is. He is slowly being attacked by the people like Howard Dean and Wesley Clark. He is slipping in the southern polls, which he thought would be a gimme. He now will have to focus on more than a few states, he is going to have to focus on a lot of states. He is also back peddling on the cut in the combat pay and the family separation allowence.