The Discerning Texan
All that is necessary for evil to triumph, is for good men to do nothing.
-- Edmund Burke
-- Edmund Burke
Wednesday, July 21, 2004
Greenspan: Bush Tax Cuts Prevented "Severe Recession"
Despite the best efforts of Barney Frank to get Fed Chairman Alan Greenspan to condemn President Bush's supply side tax policy, he endorsed it, saying that President Bush's three rounds of tax cuts prevented a severe recession and helped spark the current economic recovery. The implication is that the "Clinton recession" would have been much worse had Bush and the Republican Congress not passed three separate tax cuts. This would not appear to give the Kerry campaign much ammunition in what is already shaping up to be a robust recovery.
