Wednesday, November 02, 2005

Keep Moving and Jabbing

I'm a bit of an economic numbers junkie. The Internet provides an inexhaustible supply of numbers to support my habit. Plus, there plenty of great economics blogs out there to read that span the range from Far Left to Far Right interpretations of what is happening in the economy and what should be happening.

The Economic Policy Institute does an excellent job of lifting the sheets to find out what is really going on in bed. Lee Price's The Boom That Wasn't: The economy has little to show for $860 billion in tax cuts gives irrefutable proof of the failure of the economic recovery tax cuts were supposed to spur. The current recovery cycle is the worst on record as measured across a wide range of economic indicators.

The tax cuts that have dragged the U. S. economy to its worst business cycle performance since World War II will soon expire. The President and the Republican Congress will be spewing the same tired old cliches and rhetoric that have been disproved many times in the past to get those tax cuts for the wealthy approved.

Don't get sucker punched. Keep moving and jabbing. If you stand flat footed, you'll land laid out on the canvass again. The best defense is a good offense.

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