Posted on 5/14/2006, 4:20:21 AM by FairOpinion
If ever there was a market test of economic policy, the last three years have been it. The stock market has recovered from its implosion in Bill Clinton's last year in office, unemployment is down to 4.7%, and growth has averaged 3.9% in the three years since those tax cuts passed--well above the post-World War II average and more than twice the growth rate in Euroland.
Yes, gas prices are high and interest rates are rising, which helps to explain the anxiety felt by some of the public. But these headwinds are all the more reason to be impressed by the economy's ability to push ahead nonetheless. We'd have thought that the Democrats who are now voting to let taxes increase would be thrilled to know that things turned out better than they had feared. Americans are better off despite Democratic predictions that, as Minority Leader Nancy Pelosi put it back in 2003, tax cuts would "damage long-term economic growth."
(Excerpt) Read more at opinionjournal.com ...
The Bush Adminstration needs to get the word out. The perception created by the Dem screams is overshadowing reality.
Bush tax cut success PING.
Bush tax cut success PING.
Indeed, now to make them permanent or see it all undone when the provisions sunset.
The biggest mistake of the Republican Congress was not making the cuts permanent when they were enacted.
A Taxreform bump for you all.
If anyone 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 replace them with with a national retail sales tax administered by the states.
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:
Without a doubt! - This WH (and RNC) have been inept at getting the facts out regarding this robust economy -
It's kind of hard to do that when the networks spend one-millisecond reporting about the economy.
Yeah, I forget. We are in another Great Depression./s
But you admit that, numbers-wise, the economy is kicking ass, right?
If wasn't kicking ass, like in late late 2001/early 2002, then things would be even worse for you, right?
I mean, tax cuts seem like a no brainer--- if a nation could tax itself into prosperity then France, not the US, would be striding the world like a Colossus.
They've been inept becasue they act like they're walking through a mine field, as if they really expect disaster at any moment.
It's such an obvious no-brainer, tax cuts. I don't think they really believe it- becasue there's a lot of socialist philosophy lurking around under the surface. (It's glaring at us from some of their other policies.)
My only griope with the tax cuts, is that they weren't deep enough. Reagan CUT taxes in 81, Chainsaw Massacre style. This has been careful and surgical.
I prefer the chainsaw approach.
You are 180 degrees out of phase. There are a lot of conservative free enteprise aspects behind what are presented by the media as big government socialists policies.
The Education Bill that "Ted Kennedy wrote"? If so, Ted got snookered. It had accountability in it that is now coming home to roost and the left and the unions are screaming. Schools either start teaching up to par or lose money.
Lots of free enterprise introduced into the Medicare Prescription Drug bill.
Hurricane relief is going to private enterprise rather than another big government agency.
It is not easy to get things through the obstructionists Democrats or we would have also had SS reform, true tax reform like the NRST, more conservative judges, UN reform, and much, much more.
BTTT
Why vouchers didn't just happen is beyond me. Bush and the Congress had the momentum to do it- but the Senate pulled things back to what we have now. The accountability in NCLB is good, but it will take ten years to *maybe* accomplish what could have been done instantly.(Again, an example of socialiasm, or at least socialistic sympathies, lurking under the veneer of the GOPs 'conservative' exterior.)
The Medical bill should never have happened. True free enterprise is government getting out of the way altogether- not mandating that money be spent anywhere- private enterprise or not.
But instead we have lawyers entrenched in the government who protect their own industry to the detriment of all others. The solution to high medical costs is to stem the hemmorhage of money due to excessive litigation.
I agree that Dems would have kept everything in-house, on the public side- such as that silly Airport Security agency- whoops- that was the Republicans too.
I hope Bushrove is planning to implement...
NCLB has noble goals- but the way to maximize the benefit of education, monopoly must be removed. Get gov't out of education...all the way out.
If there was a way to collect more tax due to higher test scores, I'll bet they would privatize education today.
Well said!
I have to laugh at how Newt comes on Hannity and yaps about how he's so much more conservative than Bush, blah blah, if only President Bush listened to him, blah blah.
The biggest increase in government under President Bush came because of what NEWT pushed--- the prescription bill! http://www.boston.com/news/globe/editorial_opinion/oped/articles/2006/03/30/a_healthy_medicare_drug_plan/
President Bush's plan to privatize Social Security by giving a taste of privatization was undercut by the WEEKLY STANDARD and other "conservative outlets" (not this one) who whined about how "he was wasting his capital." Kristol's probably on Fox undermining it again!
No Child Left Behind did introduce accountability... Listen to the howls of the Teacher's Unions... Anything they hate is good.
BUT I wish President Bush had been more successful in his "Ownership Society Plan" so we would have vouchers for school, etc.
I find that President Bush, becuae of his modest social agenda not to desecrate marriage or further enable abortion, has been relentlesssly attacked by every libertarian organ except, if you count them as one, Club For Growth. Whether it's Andrew Sullivan, Reason Magazine, Cato or Lew Rockwell, these guys have shown themselves to be leftists.
Of course, President Bush's decision to take the fight to the enemy didn't sit well with that group (of leftists) either.
Arrrghhh! I was right! Kristol is trying to undermine SS privatization on FNS AGAIN!
"Imagine if all federal income related taxes were removed from costs of production!? Imagine if all US exports had income related taxes removed from their prices1?"
==
Yes, imagine a Federal retail sales tax and imagine privatized social security -- it would give rise to a huge economic boom for the next 200 years,and would keep Republicans in power -- which is why the Dems are fighting it so hard.
So true!
I think since Rush has been joined by other talk shows, the conservative message has gotten out to more people, but it has also been diluted.
Too many talk show hosts are lawyers or former lawyers; not enough of them are economists or at least interested in economics.
Too many of them base their judgments about free markets (here and abroad) on emotion, I think; they only like capitalism to a point, not realizing the alternative is almost always worse. That's made it tougher for President Bush to carry on the Reagan Revolution, too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.