Examines issues of the day against a triumvirate of core principles: liberty, responsibility and justice.
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This is where you stick random tidbits of information about yourself.
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Friday, January 02, 2004
The Institute for Supply Management said Friday that its index of manufacturing activity soared to 66.2, the best gain in two decades, versus November's reading of 62.8.
Let’s see, GDP growth was the best in 2 decades, productivity growth the best in 2 decades, and now manufacturing activity growth the best in 2 decades. What happened 2 decades ago? Hmmm, the Reagan tax cuts? And what did we just have to spur the economy along now? Hmmm, the Bush tax cuts? Gotta be a coincidence, right? No, just more empirical evidence of the beneficial impact on the economy of supply-side tax cuts. I can see how people can differ on political questions, but how can you argue with hard data?
Seeing as how rolling back these stimulative tax cuts is elemental to every Democratic candidate's economic proposals, it would seem an uphill battle for any of them. "Vote for me and I'll raise your taxes" does not intuitively seem to be a winning slogan, but then again I'm no expert.
1/02/2004 11:35:00 AM
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