You Call This Stimulating ?

marginal rate from 40 percent to 35 percent) effective immediately, rather than in 2006.

Sadly, instead of jostling for its product in the marketplace of ideas, the Bush economic team has conceded the media high ground to the class warriors. Surely most of the 112 million workers employed in the private-sector economy know full well that businesses create jobs; and just as surely does the 100 million-plus investor class understand that businesses require capital in order to turn new ideas into commercial products. That’s how a slow economy is transformed into a rapid one. The Bush administration needs to make the case that instead of fighting each other, investors, businesses, and workers need to realize that they are all in this together, that each needs the others’ resources to increase the economic pie. As a matter of economics, this is always true. But today—when maximizing growth is a weapon in winning the war against terrorism—it’s a more important point than ever, and the administration ought to stress it, repeatedly and vigorously. NR You Call This ‘Stimulating’?

About the Author

Alan Reynolds

Alan Reynolds, National Review’s economics editor from 1972 to 1976, is a senior fellow at the Cato Institute and the author of Income and Wealth.

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marginal rate from 40 percent to 35 percent) effective immediately, rather than in 2006.

Sadly, instead of jostling for its product in the marketplace of ideas, the Bush economic team has conceded the media high ground to the class warriors. Surely most of the 112 million workers employed in the private-sector economy know full well that businesses create jobs; and just as surely does the 100 million-plus investor class understand that businesses require capital in order to turn new ideas into commercial products. That’s how a slow economy is transformed into a rapid one. The Bush administration needs to make the case that instead of fighting each other, investors, businesses, and workers need to realize that they are all in this together, that each needs the others’ resources to increase the economic pie. As a matter of economics, this is always true. But today—when maximizing growth is a weapon in winning the war against terrorism—it’s a more important point than ever, and the administration ought to stress it, repeatedly and vigorously. NR You Call This ‘Stimulating’?