June 10, 2007
HOW DO YOU MAKE GEORGE WILL ONTO A BUSHIE?:
Democrats' Prosperity Problem (George Will, 6/09/07, Real Clear Politics)
Early in George W. Bush's presidency, liberal critics said: The economy is not growing. Which was true. He inherited the debris of the 1990s' irrational exuberances. A brief (eight months) and mild (the mildest since World War II) recession began in March 2001, before any of his policies were implemented. It ended in November 2001.In 2002, when his tax cuts kicked in and the economy began 65 months -- so far -- of uninterrupted growth, critics said: But it is a "jobless recovery." When the unemployment rate steadily declined -- today it is 4.5 percent; time was, 6 percent was considered full employment -- critics said: Well, all right, the economy is growing and creating jobs and wealth, but the wealth is not being distributed in accordance with the laws of God or Nature or liberalism or something. [...]
In the 102 quarters since Ronald Reagan's tax cuts went into effect more than 25 years ago, there have been 96 quarters of growth. Since the Bush tax cuts and the current expansion began, the economy's growth has averaged 3 percent per quarter, and more than 8 million jobs have been created. The deficit as a percentage of gross domestic product is below the post-World War II average.
Democrats, economic hypochondriacs all, see economic sickness. They should get on with legislating their cure. [...]
Democrats need not confine themselves to their ritual tropes about how "the middle class is under assault" (Clinton again). They control Congress; they can act. The unemployed John Edwards, who has the luxury of irresponsibility, challenges Democrats to repeal the Bush tax cuts they disapprove of rather than wait for them to expire.
Democrats cannot end the war (actually, they can but won't), but they can send their tax agenda to the president and dare him to veto it. They can, but they won't. Do you wonder why?
Give him a reactionary Democratic Party to react against. Posted by Orrin Judd at June 10, 2007 8:51 AM