Reaganomics lives on (in GWB)

[Cannikin]

NEW YORK (CNN/Money) - Whether you adored or abhorred Ronald Reagan's presidency, there's no doubt that his economic philosophy lives on today in the policies of President Bush.

I was at the White House a couple of weeks ago, and asked Bush what he believes to be the most important economic accomplishment of his presidency. "The tax cuts," he said without hesitation.

Bush supporters -- and many economists -- say the cuts ended the recession and put the economy back on track to create new jobs. Critics complain about the big budget deficit. Who will pay for it and how?

Likewise, George Bush championed tax cuts when budget hawks among the Republicans said the nation couldn't afford them. In fact, one reason Bush fired his Treasury secretary, Paul O'Neill, may have been that the former Alcoa CEO publicly questioned the tax cuts.


full story:
http://money.cnn.com/2004/06/07/commentary/column_hays/hays/index.htm

[David Dunham]

1. Another Repug Hack Writer