Flashback:"market may have more to celebrate than pending victory in Iraq"

[Cocoa]

I hate to gloat, but...

http://www.forbes.com/columnists/2003/04/04/cz_jr_0404adviser.html

NEW YORK - The stock market may have more to celebrate than the pending victory in Iraq. The president's plan to cut tax rates, relegated to the back burner by the media in recent weeks, is nevertheless the biggest event to hit the U.S. economy and asset markets since the Reagan Plan in 1981. I was in Washington then as a member of the Reagan economic team, participated in the planning and marveled at its success. President Bush's proposed tax cuts rank with President Reagan's as a tonic to restore growth to the U.S. economy. I am talking about as much as 1,700 points on the Dow Industrials.

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[el_gato]

1. so where was the dow when that was published?

[muriel_volestrangler]

3. about 9000

see http://www.djindexes.com/jsp/avgDecades.jsp?decade=2000

so it did make significant gains after that - before losing some of tehm.

[Wickerman]

2. hmmm

"The revenue lost to the government is roughly $30 billion per year, though this will be substantially offset in the long run by increased tax revenue created by faster economic growth. In a $10 trillion+ economy, the lost revenue is a pittance. But the benefits of the tax cut will be enormous."