is growing, but the growth is not stable and founded in non-government
spending. You are right, the tax cuts did not have a stimulating effect
on consumer spending. On the other side, you will always find some
economists who can manipulate data and show you otherwise.
[mailto:email@example.com] On Behalf
October 30, 2003 4:50 PM
Subject: *War is good for the
Bush's team pointed out that the
nation's economy was in a recession before he took office.
Today, the stock market is up 75% over a year ago; the GDP is
growing at 7%. During the Clinton
administration, the economy was growing at 4% annually, and
that was during the greatest economic expansion the US ever saw.
So the economy is booming again after a brief bust and it is a result of war
time spending. It's a result of the government pumping 100+ billion
into the economy after borrowing it from anemic financial institutions,
who would have been forever greatful except for the fact that the titans of the
financial industry already have a say as to when we go to war [and that is
generally when they need the government to borrow massive amounts of funds from
Oh, but they'll swear it's the tax cut having a stimulating effect on consumer
spending. But logic says otherwise. And only the shallow
thinking will swallow the mendacity. Unfortunately, that's a heck
of a lot of people.