[lbo-talk] the conservative mind

Doug Henwood dhenwood at panix.com
Tue Feb 28 08:32:39 PST 2006


Jeffrey Fisher wrote:


>===
>Sometimes Bartlett is a tad too robust. His chapter "Why the Bush
>Tax Cuts Didn't Deliver" might be more convincing were the economy
>not in the fifth year of a humming expansion.
>===
>
>are we prepared here to agree with that claim of will's?

It's not really humming. Despite massive fiscal and monetary stimulus, this is the second-slowest post-World War II expansion, based on GDP growth, and the slowest in employment growth. It's been great for corporate profits, though.

Doug



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