Why Bush Will Be A Winner

July 16, 2007
Why Bush Will Be A Winner

I suppose I'll merely expose myself to harmless ridicule if I make the following assertion: George W. Bush's presidency will probably be a successful one.

The economy first: After the bursting of the dot-com bubble, followed by the attacks of Sept. 11, 2001, we've had more than five years of steady growth, low unemployment and a stock market recovery. Did this just happen? No. Bush pushed through the tax cuts of 2001 and especially 2003 by arguing that they would produce growth. His opponents predicted dire consequences. But the president was overwhelmingly right. Even the budget deficit, the most universally criticized consequence of the tax cuts, is coming down and is lower than it was when the 2003 supply-side tax cuts were passed.