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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (132249)2/9/2001 8:11:10 PM
From: Scumbria  Read Replies (1) | Respond to of 1570594
 
Tim,

I don't think that Bush has the brains to have an honest opinion about tax cuts. I think he feels bad about his daddy's tax problem, and wants to restore the Bush family name. The only way to do that is to get his tax cut passed before it becomes obvious that it is not needed. Then he can take credit for the recovery.

Look at this news story:

White House economic adviser Lawrence Lindsey refused, during an often testy news briefing, to provide cost details of the first year of the proposal

and

Lindsey upbraided a reporter who asked about the economic assumptions behind the plan, saying: ``I might refer you to your economics textbook from freshman year for the answer.''

and

Sen. Max Baucus (news - bio - voting record) of Montana, the top Democrat on the Senate Finance Committee, said he was worried Congress would get carried away with tax cuts even before Bush sent up a budget showing how they fit with other spending priorities.

dailynews.yahoo.com

Bush is asking for specific tax cuts, before they have created their spending plans. Obviously this is the wrong way to manage a budget.

He is using Reagan's playbook (tax cut and Star wars), because he has no ideas of his own.

Scumbria