Will Tax Cuts Pay Off?

Bush thinks so. But no, they won't head off a recession. Yet they will boost consumer spending, and that's good

Maybe in a previous life George W. Bush traveled the land selling snake oil. What ails ya? Nothin' his bottled cure-all wouldn't fix. Naturally, he would be long gone when the mob returned with tar and feathers. In this life some things have changed. Snake oil is out; tax cuts are in. High energy prices got ya down? A tax cut will make the spike affordable. Might lose your job in the slowdown? A tax cut will turn this economy around and save your paycheck. That's the Bush pitch: tax cuts as a nostrum for everything, and a lot of folks...

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