Back in the spring of 2003, shortly before President Bush signed tax cuts into law and unleashed this remarkable economic boom, Minority Leader Nancy Pelosi (D-CA) had this to say:
’None of these tax cuts is affordable. None of them creates jobs, and they are not fair. All of them do damage to our long-term economic growth and contribute to the national deficit.’
Huh? Mrs. Pelosi could not have been further off the mark if she tried.
Let’s break down that ridiculous statement.
’None of them creates jobs’