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Wednesday, September 25, 2002

Economics 101:

In Bush's New Jersey speech, the one where he said the Senate was "not interested in the security of the American people", he also said:
In order to make sure the country was stronger, I pulled this page out of the economic textbook, the page that says, if you let people keep more of their own money, they're going to spend it on a good or a service. If they spend it on a good or a service, somebody will produce the good and service. And if somebody produces a good or service, some American is more likely to find work. The tax relief came right at the right time for economic growth and jobs.
Bush is wrong. Money can sit around, not circulating. The textbook Bush used must have been printed before 1930.



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