corrente

Remember how Bush sunsetted the tax cuts? And everyone said the next move would be to make them permament? Well, now of course he's doing just that. Surprise! Either the man is out of his mind, or the Medicare entitlement, and now the trillion-dollar Moondoggle, are just smoke and mirrors. Anyhow:

The choice is clear. Tax relief has got this economy going again, and tax relief will keep it moving forward

It's really bizarre. I'm no economist, but it seems to me that the tax cut was a Keynes-ian stimulus, not a very efficient one, and that it's crazy to think that we can keep cutting taxes whenever we need a stimulus.

Say, has anyone run the numbers how the tax cuts net out for the average American?

Meanwhile, the sometimes mischievious Matt Drudge kinda, sorta lets the cat out of the bag:

Suskind also writes about a White House meeting in which he says the president seems to be wavering about going forward with his second round of tax cuts. "Haven't we already given money to rich people," Suskind says the president uttered, according to a nearly verbatim transcript of an Economic Team meeting he says he obtained from someone at the meeting, "Shouldn't we be giving money to the middle?"

Which probably gives Bush far too much credit. But yes, Drudge is mischievous:

O'Neill, who was asked to resign because of his opposition to the tax cut, says he doesn't think his tell-all account in this book will be attacked by his former employers as sour grapes. "I will be really disappointed if [the White House] reacts that way," he tells Stahl. "I can't imagine that I am going to be attacked for telling the truth."

Matt Drudge has a sense of irony. Who knew?