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Arthur Laffer: You Don't Need To Read This Bush's Lips
The Wall Street Journal ^ | February 14, 2005 | ARTHUR B. LAFFER

Posted on 02/14/2005 4:59:51 AM PST by presidio9

When "W" ran for president in 2000, I voted for him but not enthusiastically. I had voted for Bill Clinton in the prior two presidential elections, but with Al Gore as the Democratic candidate in 2000 the choice was easy for me even if I wasn't all that excited about George Bush.

I am now flabbergasted by the performance of Bush 43.

George W. Bush could well turn out to be the best president in recent history. His inaugural address and his State of the Union speech were as good as any I've ever heard. He has also shown unbelievable steadfastness of purpose during his first term and now has put forth an agenda for his second term that would lock in the gains of the supply-side revolution for generations to come. And, I might add, he's done it all with little pretense and no scandal (keep your fingers crossed).

* * * On the proactive side of public policy, President Bush's proposal for private accounts for Social Security is the first time ever we've tried to associate effort with reward in this program. Taking steps to reduce the unfunded liability of the Social Security program, both Ronald Reagan and Bill Clinton reduced Social Security benefits by subjecting them to income taxes -- 50% of benefits following the 1986 tax act and then 85% of benefits after the 1993 tax act. In addition, Reagan's Blue Ribbon Commission on Social Security, chaired by Alan Greenspan, extended the age of retirement. Mr. Clinton took the additional pro-growth step of removing the "retirement test" for receipt of Social Security benefits, thereby lowering taxes on the working elderly. But President Bush's proposal is so much better than any of these changes.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Editorial; Government; Miscellaneous; Politics/Elections
KEYWORDS: bush43; laffer; socialsecurity; taxes; taxreform; term2

1 posted on 02/14/2005 4:59:52 AM PST by presidio9
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To: presidio9

They always "misunderestimate" his "strategery"!


2 posted on 02/14/2005 5:01:57 AM PST by Tensgrrl
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To: presidio9

I expect additional taxes on our Social Security Benefits,being rich seniors,no matter what other fixes are in.


3 posted on 02/14/2005 5:17:10 AM PST by larryjohnson (USAF(ret))
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To: larryjohnson

My boss makes the same complaint.


4 posted on 02/14/2005 5:18:21 AM PST by Clemenza (Alcohol Tobacco & Firearms: The Other Holy Trinity)
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To: presidio9

Since you subscibe to WSJ would you please exerpt more?


5 posted on 02/14/2005 5:19:09 AM PST by larryjohnson (USAF(ret))
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To: presidio9
"When "W" ran for president in 2000, I voted for him but not enthusiastically. I had voted for Bill Clinton in the prior two presidential elections, but with Al Gore as the Democratic candidate in 2000 the choice was easy for me even if I wasn't all that excited about George Bush."

I can join in this mans sensibilities, although I had soured on Clinton by 96. Bush continues to surprise me.

6 posted on 02/14/2005 5:23:15 AM PST by Katya (Homo Nosce Te Ipsum)
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To: presidio9

If Pres. Bush were a Democrat, he would already be hailed as a visionary by the MSM. The NY Times, CNN, etc would be calling him one of the greatest leaders the US has seen. Hell, they kissed Clinton's butt for 8 years and what did he ever do?


7 posted on 02/14/2005 5:29:25 AM PST by usgator
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To: larryjohnson

"you got mail"


8 posted on 02/14/2005 5:42:01 AM PST by harpu
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To: usgator

It's the culture stupid. He's one of theirs (and Hollyweirds). And when it comes right down to it, the elites REALLY don't want change. They want to maintain the status quo, even when it's demonstably out of date.


9 posted on 02/14/2005 6:24:31 AM PST by bombthrower
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To: presidio9

Although I admire Mr. Laffer for his making supply-side economics accessible to the general public I have a hard time trusting the judgment of someone who voted for Clinton TWICE. The guy was a phony huckster from a block away but I guess some people could be charmed or something. But by 1996 he had displayed to the world criminality, priapism, fecklessness and treason to name a few. Who passed the Kool-aid to Arthur Laffer?


10 posted on 02/14/2005 6:37:09 AM PST by Inwoodian
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To: Inwoodian
I have a hard time trusting the judgment of someone who voted for Clinton TWICE

I did not vote for Clinton in either election. But I did not vote for GHW Bush nor Dole (though I suppose I did by default since I voted for Jack Kemp as VP). Keep in mind that Bush-41 was the "read my lips" guy whose policy was anathema to supply-siders.

So Laffer is not a Republican partisan. That does not diminish my respect for his judgment.

11 posted on 02/14/2005 8:38:20 AM PST by Nicholas Conradin (If you are not disquieted by "One nation under God," try "One nation under Allah.")
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To: presidio9; Taxman; Principled; EternalVigilance; rwrcpa1; phil_will1; kevkrom; n-tres-ted; Zon; ...
A Taxreform bump for you all.

If you would like to be added to this ping list let me know.

John Linder in the House(HR25) & Saxby Chambliss Senate(S25), offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:

H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.

Refer for additional information:


12 posted on 02/15/2005 5:25:28 PM PST by ancient_geezer (Don't reform it, Replace it!!)
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To: presidio9

Seriously, THAT'S the best title they could come up with?? LOLOL!


13 posted on 02/15/2005 5:27:03 PM PST by JesseJane (KERRY: I have had conversations with leaders, yes, recently.That's not your business, it's mine.)
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To: presidio9
Baring something unfortunate, history will judge G. W. Bush very kindly indeed!
14 posted on 02/15/2005 5:39:04 PM PST by Bigun (IRSsucks@getridof it.com)
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To: Bigun
Baring something unfortunate...

True, so very true...lol

15 posted on 02/16/2005 11:42:40 AM PST by houeto ("Mr. President , close our borders now!")
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To: ancient_geezer

Thanks for the Ping! Great Article!


16 posted on 02/17/2005 9:00:56 AM PST by Conservative Goddess (Veritas vos Liberabit, in Vino, Veritas....QED, Vino vos Liberabit)
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