While I realize that some may not appreciate my posting a reply to a "political" subject, I just can't resist. Slade, I must point out another sector of the economy which has done well...the title industry, due in large part not only to the lowest interest rates we've seen in thirty or forty years, but to the capital gains tax cut passed by the republican congress and signed into law by the President (one of the few Clinton administration policies I agreed with; credit where credit is due).

My point is that taxation is not a zero sum game. A decrease in the rate of taxation will result in increased revenues to the treasury. It has worked every time it's been tried. The most recent examples are when President Kennedy lowered marginal tax rates, and during the '80's, when President Reagan did the same, resulting in 96 consecutive months of the greatest peacetime economic expansion this nation has ever seen. I am further constrained to point out that most (if not all) of the financial woes of the states were the result of fiscal mismanagement within the state governments themselves, and had nothing to do with the feds.

In any case, with economic growth now averaging 4% over the last two months, and unemployment down to 5.4% (and falling), all that doom and gloom is going to be a tough sell going into this election season. Besides, I don't allow my success or failure to be determined by who wins elections...

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