Tuesday, June 01, 2004

Josh Marshall exposes David Brooks' BS

Josh Marshall exposes David Brooks' BS
The signs of economic downturn the country faced in the spring of 2001 weren't the reason the Bush White House pushed through such massive tax cuts. They were simply a convenient rationale the White House chose for a policy embraced for entirely different reasons.

The evidence for this claim is, I think, inescapable.

The Bush tax cut was passed in the spring of 2001. But the policy was promulgated more than a year earlier, at the beginning of December 1999 -- long before the warnings signs Brooks mentions appeared, and while the dot.com bubble had yet to burst.