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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (530117)	1/26/2004 8:19:17 PM
From: Peter O'Brien	Respond to of 769667

We all remember the capital gains tax CUT in 1997.

To: Kenneth E. Phillipps who wrote (530117)	1/26/2004 8:25:36 PM
From: TopCat	Read Replies (2) \| Respond to of 769667

"We all remember Clinton surpluses and huge Bush deficits. Nuff said!" Sorry, not enuf said. You have incorrectly identified the cause and effect relationship. Clinton lucked out with a booming economy started by a previous republican president. Bush has had to contend with an economy that began its slide during Clinton's administration. All indications are that if the Dems do get into the White House next time (which I doubt), they are going to once again enjoy an booming economy. The key point is that the amount of deficit spending has a lot more to do with the state of the economy than who happens to be the President at the time. It's fortunate for people like you that spending is not cut as much as it probably should be during down times in the economy because if it were, you're welfare would disappear.