Monday, October 09, 2006
The Bush jobs juggernaut
On the same day that Nancy Pelosi promised to repeal the Bush tax cuts if Democrats win control of the House next month, the Labor Department released a report showing that 6.6 million jobs have been created since August 2003. What's significant about August 2003? That's when the Bush Administration cut taxes on dividends, capital gains, and the highest marginal income tax rate.
As this Web site reported two weeks ago, President Bush's tax cuts stimulated the economy in such a way that it's become a job-creating juggernaut. Speaker wannabe Pelosi wants to reverse course. As the Wall Street Journal stated in a Monday editorial, "Never underestimate the ways that Washington politicians can do economic harm."
Indeed.
As this Web site reported two weeks ago, President Bush's tax cuts stimulated the economy in such a way that it's become a job-creating juggernaut. Speaker wannabe Pelosi wants to reverse course. As the Wall Street Journal stated in a Monday editorial, "Never underestimate the ways that Washington politicians can do economic harm."
Indeed.
# posted by Joltin' Django @ Monday, October 09, 2006 
