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Originally Posted by dc_dux
All of that may be true (or not, and I would say not), but most Americans dont think that way when they are sitting around the kitchen table wondering if they can afford a new car, or how they will pay for their kids college, or what would happen if one spouse looses their job when over the last 6 years, they have been unable to save or worse, are just scraping by making ends meet.
They hear Bush talk about how great the economy is and they hear their Republican members of Congress say how the Bush tax cuts helped most Americans..and they shake their heads (15% from the poll above say their personal/household financial situation is getter better).
Thats why the economy is always a top issue come election time. It contributed to the Republican losses in 06 (according to many exit polls) and it will be a top issue in 08 regardless of whether your economic analysis is right or wrong.
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It was pretty real when many families received $600 checks in 2001. Tax cuts, however, like minimum wage increase are quickly forgotten although the affects may linger. My views on economic issues are not partisan, Presidents get too much credit and too much blame. When people received $300 or $600 checks from the treasury, you can bet there was a pop in consumer spending, or a possible offset of some other condition set in motion as a result of past economic policy decisions or conditions. The point is that economic policies are not implemented in a vacuum and their full affects may take years to realize, i.e. changes in the long-term capital gains tax rate.