PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Steve Dietrich who wrote (588614)	7/8/2004 8:23:43 AM
From: Neocon	Read Replies (4) of 769670

I covered the matter of receipts. As I said, in constant dollars, it is also true that receipts did not take off until after the '97 cut. I will have to check on Carter, but I believe you are making the mistake of comparing in nominal currency, which was highly inflated during the Carter years. I am not sure whether it is useful to have a general supply side argument just now, but I will observe that the War is not a good point of comparison, since the war effort was driving economic growth, and, in the post war period, we profited from an anomalous share of world trade. Anyway, I will look at a couple of things and get back to you in the course of the day, unless I get too busy.........

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