PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (435776)	7/30/2003 6:48:29 PM
From: Sidney Reilly	Read Replies (1) of 769667

I certainly won't dispute that there are wiser ones here on the subject of economics than me. But I also have seen what has been going on the last 2+ decades. For one I watched Reagan cut taxes several times during his presidency. Then Bush got 4 years after Reagan's 8 years. It seems to me that the delay from tax cuts to economic growth was far too long to be able to attribute the growth under Clinton to Reagan's economic policies. Yet Cyberchicken wants to do just that. 12 years? I just don't believe that Reagan can be given the credit for the stock market rise and thriving economy under Clinton. I have to give Clinton the credit for the economy during his Presidency. There was a 4 year "Bush" buffer between Reagan and Clinton. That was just too long a delay. I don't think tax cuts stimulate the economy. There is not that much of a delay, not 8-10 years. It is also said by some that the tax cuts are inflationary. I already see evidence of that in the fact that interest rates are showing a tendency now to rise on their own. Isn't that a sign of inflation? If we were still in a deflationary cycle interest rates would still naturally want to fall.

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