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

To: Peter Dierks who wrote (744426)	7/3/2006 4:20:58 PM
From: DuckTapeSunroof	Respond to of 769667

Trend Macrolytics LLC is a respectable econometrics firm. They were the one private firm hired by the WH (prior to Bush's proposal of his first round of tax cut recommendations), tasked with 'running the numbers' on Bush's proposed tax changes --- but required to ASSUME that tax cuts 'always' increase the growth rate (a 'Laffer-type' assumption, if we are actually on the right-hand side of the Laffer curve). They came up with the same result as the CBO analysis: the tax cuts would AT FIRST increase the growth rate, but unless spending was cut and the deficit lowered... then by 'mid-decade' (where we are right now!) the NEGATIVE EFFECTS would begin to outweigh the initial POSITIVE EFFECTS... and our country would suffer from LOWER GROWTH RATES overall then we would have if no changes had been made at all.... Yep... good old Don at Trend Macrolytics LLC.