PAGING MAX….As Max Sawicky has kindly informed us, last year the White House told us that if we passed all their tax cuts the economy would create 1.8 million new jobs in 2003 and 3.7 million in 2004.
Well, even though the tax cut got passed 2003 didn’t quite live up to expectations, and today the White House backed down yet again, projecting growth for 2004 of only 2.6 million jobs. That’s pretty anemic. I guess tax cuts aren’t quite the magic bullet they thought.
Over to you, Max.
UPDATE: Actually, it turns out this isn’t really right. More here.