Read
this article in the Washington Post. Is there anyone left who honestly thinks the New York Times has the best interests of the American people at heart? If the NYT had written this article it would've been an example of the "so-called liberal media" (SCLM). Yet the WaPo has lately, over the past month, published a revision of its standards on anonymous sources, and started to go after the administration in piece after piece. All we need to do is get this piece from A10 to A1 and we're in business. Let's roll that tape:
When President Bill Clinton raised taxes in 1993, the unemployment rate dropped, from 6.9 to 6.1 percent, and kept falling each of the next seven years. When President Bush cut taxes in 2001, the unemployment rate rose, from 4.7 to 5.8 percent, then drifted to 6 percent last year when taxes were cut again.
It has become conventional wisdom in Washington that rising tax burdens crush labor markets. Bush castigated his political opponents last week for "that old policy of tax and spend" that would be "the enemy of job creation."
Yet an examination of historical tax levels and unemployment rates reveals no obvious correlation.
I couldn't have put it better myself. Three cheers for the best paper in the country!
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