Reply #76: PIEHOLE ALERT: A full head of shit or a head full of shit? [View All]

[UpInArms]

http://www.bloomberg.com/apps/news?pid=10000103&sid=a4sZdnTnKz1Q&refer=us

Bush Says U.S. Economy Strong, Urges Tax Cuts Be Made Permanent

Jan. 6 (Bloomberg) -- President George W. Bush said the U.S. economy is being propelled by tax cuts that should be made permanent this year.

``Cutting taxes helps people find a job,'' Bush said in a speech to the Economic Club of Chicago. ``The American economy heads into 2006 with a full head of steam. The American consumer is confident.''

The administration is taking credit for a strong economy and a jobless rate of 4.9 percent. Democrats assert Bush is out of touch with middle-class Americans who are struggling with higher prices for medicine, college tuition and home heating costs.

``Bush has his eye on the big picture, claiming credit for the economy,'' said Merle Black, a political scientist at Emory University in Atlanta. ``This is Ronald Reagan politics: Cut taxes, get the economy back.''

Bush said Americans are benefiting from tax cuts on dividends and capital gains. ``To ensure that the United States of America is the most productive in the world, the United States Congress must make the tax cuts permanent,'' he said.

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