Monday, May 14, 2007

It's the Economy, Stupid.

Remember that phrase? Instapundit reader Thomas Prewitt writes:

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Funny how Bush 41 led a hugely successful military effort with Gulf War I yet lost an election because of the perception that "it's the economy, stupid."

Now, Bush 43 is in the tank because of the perception that Gulf War II is a disaster based on lies and gets no credit for a remarkable economic turnaround with record stock market highs, low unemployment, and huge chunks taken out of the budget deficit.
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Here's the punchline from Bizzyblog.

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The investment-related Bush tax cuts of 2003 have caused tax collections to increase dramatically. So far this year, those cuts primarily explain why the deficit is 56% lower than it was at this time last year.”
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Finally, some perspective. Remember, we're trying to pass funding for the war at $125 billion. "... the surplus for the month was $177.7 billion..."

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