I swear the man only has one answer to anything when it comes to the economy. When he first came into office, he told us all that because the economy was doing so well, we deserved a tax cut. Now that the economy is hurting, Bush’s solution? A tax cut to “stimulate” it.
On “Good Morning America” today, U.S. Treasury Secretary Henry Paulson said that Bush’s new stimulus plan “will give a boost to the economy.”
“I think our economy is going to continue to grow and I think this can be very helpful if it’s robust and meaningful,” Paulson said.
Since the beginning of 2008 the stock market has plummeted more than 1,000 points, new-home construction has fallen to a 15-year low and banks continue to report record loses.
I wonder if these guys can come up with a hypothetical situation in which tax cuts aren’t the answer. They’re a reward to a good economy, the solution to a bad economy, and I’m willing to bet a “safeguard” whenever the economy is just running at pace.
