[lbo-talk] Bush touts tax cuts as fuel for house sales

[Max B. Sawicky]

There's actually could be something to this.
Tax cuts fail to stimulate the economy, investment
demand collapses, interest rates fall, and home-buyers
and refinancers take advantage.

The offsetting upward pressure on rates due to heavy
govt borrowing fizzles because . . . interest rates don't
depend importantly on Federal government borrowing.

Apres moi, le bubbluge . . .

mbs
(refi at 5.375!!)

----- Original Message ----- 
From: "Doug Henwood" <dhenwood at panix.com>
To: "lbo-talk" <lbo-talk at lbo-talk.org>
Sent: Saturday, March 27, 2004 12:50 PM
Subject: [lbo-talk] Bush touts tax cuts as fuel for house sales


> [lovely strategy - throw the government deep into debt to feed a 
> housing bubble!]
> 
> Bush Cites Tax Cuts as Engine for Home Sales
> 
> WASHINGTON (Reuters) - President Bush (news - web sites) said on 
> Saturday his tax cuts helped fuel the recent surge in home sales that 
> has helped push homeownership to record levels in the United States.
> 
>