Tuesday, October 12, 2004

Cutting Taxes

So what do ya know? Cutting taxes is good for the economy. So good in fact that W did not cut them enough say one 2004 Nobel prize winner in Economics. Don't take my word for it:
"What Bush has done has been not very big, it's pretty small," Prescott told CNBC financial news television.
"Tax rates were not cut enough," he said.

Lower tax rates provided an incentive to work, Prescott said.

Prescott and Norwegian Finn Kydland won the 2004 Nobel Economics Prize for research into the forces behind business cycles.

Heh Heh Heh...Do you think that Bush will do the same name-dropping tomorrow night that Kerry has become known for?