Today's Journal Sentinel editorial...

Quoting from today's JS editorial (regarding Bush and State of the Union address), "But evidence that his tax cuts to date have fueled the economy, as claimed, is meager. Business investment is flat, job growth lags far behind what has occurred in previous recoveries and wages for average Americans have been faltering, adjusted for inflation."

Let's assume for a moment that the JS has the facts regarding job growth and investment correct. Is flat bad? Last year one of the worst natural disasters of all time hit the world by form of the tsunami. This year hurricanes ravaged the US and essentially wiped a major city off the map. The cost of doing business is higher than ever with the cost of oil and the fed has raised interest rates 15 consecutive meetings (I think that's right). I would argue a strong reason the economy isn't in decline is tax cuts. Maybe in light of recent events we should be happy with flat! The JS isn't satisfied with the economy's growth nor am I. But would taking more money from businesses and individuals via tax help spur growth? I think not...