super hanc petram -- deep background
Wednesday, February 21, 2001
 
Fowl Play

The New York Times has a great and extremely telling pair of op-eds today. The link above is to Paul Krugman's regular Wednesday piece. Just above it (on the website at least) is a piece by former VP candidate Jack Kemp. One is an economist with MIT, the other is a former Buffalo Bills quarterback (before, it should be noted, they did all that horrible chocking in the Superbowl, though I don't know if any of Kemp's teams made it to the Superbowl).

Anyway, Kemp seems to feel that Bush should/could have proposed a tax cut twice the size of his current bid. My favorite line is, "[a]nd, high tax rates do not promote growth; they stifle it." Has this guy been living in a cave for the past 8 years? Clinton rose taxes to spur growth. Those higher taxes are one of the reasons we had growth so extreme that the Fed had to spike interest rates, slow that growth, and move us into this current "tech-correction" as I like to call it. As my brother put it, how much does it suck that these guys are back in the White House?


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