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When was the interview, Chuck? There's a line in there that makes me think
it was awhile ago: [BILL MOYERS: And these tax cuts are not pulling the economy out of this recession.] I think recent GDP numbers are proving that statement to be absolutely false. The interview was about 30- days ago. Experiment with a broader perspective. Even if the economy is making the normal recovery rom a recession it may still be ture that: hese tax cuts are not pulling the economy out of this recession.] If we are pulling out of a recession- The tax cuts may have nothing to do with it. How many times has the economy recovered, *without* tax cuts? If you read Peterson's comments with an unbiased mind, it's hard to avoid concluding that our present course leads to a rather obvious reef, just over the horizon. |
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