I like the growthy 2003 Bush tax cuts; the social-policy 2001 version not nearly as much. But it is wrong to say these cuts were only for the rich, as the POTUS said earlier this week (from the Tax Foundation):
A Democratic meltdown next year? Washington is abuzz with speculation by prominent political handicappers such as Charlie Cook and Stuart Rothenberg. Republican hopes for a huge congressional comeback in the 2010 midterm elections rest on three pillars:
This analysis from Ed Yardeni:
Based on the previous two cycles, the unemployment rate should peak in 15-19 months, or sometime between September 2010 and January 2011! When might employment recover? The previous two experiences suggest this might occur within the next 11-21 months after June, or between May 2010 and March 2011.
Some Democrats thought they would have a much easier time pushing through changes in healthcare, trade and labor policy thanks to the recession. The theory was that economic insecurity would nudge people toward the warm embrace of government. Obviously that does not seem to be happening. Indeed, past polls showed that economic downturns actually make people more skeptical of Big Government. Apparently, that is also true of Big Labor. This from a recent Gallup poll: