Tuesday, July 20, 2004

President Meatwad

Like the one trick pony that he is President Bush is pressing for a fourth tax cut (a bill to extend some of his middle class tax cuts) in four years. Thankfully it looks like it is ecountering some resistance from moderate Republicans in the Senate. George W. Bush's move seems like an act of desperation. There isn't even the justification of an economic slowdown (or as in 1999/2000, a projected budget surplus), many economists are actually worried about inflation. It is a transparent attempt to win votes in an election year at the expense of the fiscal health of the government. Even if the Bush bill does pass, I doubt it will make much of a difference. The President's domestic agenda has consistently failed to win over the public. Even measures like the medicare prescription drug benefit, which both parties supported in one form or another, had no lasting political benefit for Bush.


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