Politics on Campus: Bush’s plan is good for economy
- October 12, 2004
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- Philip Rhodes, UTM College Republicans
- Section: Opinions
Because of his policies and procedures for handling the economic issues, George W. Bush has been a positive influence on the economy; however, in the time that President Bush has been in office, it is no secret that the economy has not been as booming as it was in the roaring nineties.
This is due almost entirely to a few uncommon circumstances beyond the president’s control.
Two of the most notable circumstances that affected the economy in a negative way are the events that occurred on Sept. 11, 2001, and the corporate scandals that swirled around Enron, Arthur Anderson Accounting, and Adelphia Communications, among others.
President Bush is doing many things to strengthen the economy.
President Bush’s plan of tax cuts (three of them in three years) and his reforming of the tax code have created more take-home money for all Americans, not just the rich, which in turn has allowed for more money to be spent in the marketplace. More money in the marketplace means a healthier economy.
Since the immediate economic downturn following Sept. 11, the economy has had a steady upward trend with the exception of late 2002 and early 2003.
Currently, the market is at a level greater than what it was immediately before Sept. 11. President Bush’s economic plans have kept the U.S. economy working well throughout his tenure.
The president’s plans for the economy are positive, and they have done much to stave off a downturn that would have otherwise been inevitable.
Voting for President Bush will, more than likely, be voting for “more of the same.” This “more of the same” is going to be positive for the U.S. economy.