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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (491351)11/12/2003 9:46:42 AM
From: JakeStraw  Read Replies (1) of 769670
 
"The tax cut has made one very other important positive contribution to growth, perhaps the most important of all. The stock market has soared ever since the tax cut was enacted. Since May of 2003, the Dow Jones is up 16 percent and the Nasdaq nearly 20 percent. The folks at the American Shareholders Association report that this stock market adrenaline surge has increased American household wealth by more than $1.2 trillion. This is just as supply-siders on these very pages predicted, and what the anti-supply siders like Krugman and Reich insisted would not happen."

nationalreview.com
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