PRESIDENT BUSH wrote in a Wall Street Journal op-ed Wednesday that "it is also a fact that our tax cuts have fueled robust economic growth and record revenues." The claim about fueling record revenue is flat wrong, and it is shocking that the president should persist in making such errors. After all, tax cuts are the central plank of his domestic policy. How can he fail to understand the basic facts about them?
President Bush also thought we were winning in Iraq and that there was no global warming and the Republicans were going to keep Congress. I have not seen where Indiana has benefited a bit from the tax cuts. I suggest reading the rest of the editorial. While economists can nitpick over details, the Post uses Republican economists to make its points.
The take a look at this article at the New York Times: A Phantom Rebound in the Housing Market. I think most of central Indiana missed the housing boom of the past few years. This is the boom that helped picked up our national economy.
In Anderson and Madison County, the biggest real estate boom has been mortgage foreclosures. Which ought to give our legislators something to think about.
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