Tuesday, January 29, 2008

The Last SOU

I like what President Bush said about staying the course in Iraq, the reprehensible and dishonest process of earmarking, and the need for some economic stimulus in the form of long-term tax cuts. However, I don't think it's the government's responsibility to go into panic mode every time there is a economic downturn. Analogous to trying to prevent winter after summer and fall. And it's hopeless, really, in the long term. Make the lower tax rates permanent and forget the cash give aways. The tax cuts and lower rates really work for keeping the economy humming. Even Nancy, above, knows that after having it drummed into her thick little head for the past 30 years or so. She's a slow learner, but better late than never.

1 comment:

Mike said...

It's been a while. Give me a call when you are back in town. I was reading your post on taxes earlier and wanted to relate a discussion I had with a successful business owner who already is figuring out how to reduce his exposure to the Dem's getting elected next year. The bottom line is the people that have the money will find ways to reduce their tax exposure and it will stay fairly consistent the entire time. Notwithstanding the odd Bill Gates or Warren Buffett who believe that they can pay more. As the President said yesterday they know the IRS's addresses, feel free to send it in. I hope you are doing well.