Okay, I've got to weigh in on this (thanks Grandpa for the motivation!!) I think that this particular tax cut is not in the best interests of the long-term economy. I too remember the big tax cuts of the Reagan Administration, the deficits that were created, and the tax package that cost George Bush I his job. Deficits in and of themselves are not the biggest concern, it is what they do to the credit market that causes the biggest problems. Once the Government becomes a huge debtor, means of Credit begin to dry up for everyone else and that means an increase in interest rates (simple supply and demand).

It would be interesting to see when the W supporters on this board start calling this his recession. Does it take two years of stewardship, four years, how many? Although, to be fair (if a liberal can be fair!?!), a President has very little to do with the cycles of the economy. His or her greatest contribution is how to deal with an up or down economy once it presents itself. I have noticed that our economy (since the '70's) appears to be in a cycle where the first few years of the decade are down and the last few years are up. Not sure if its coincidental or a true cycle, but interesting nonetheless.

OK Grandpa, now you have to weigh in. Catch those lings, find Ramon (just kidding), and educate the great, huddled, liberal masses!!!