The State of the Economy

In July, of 2,625 explosive devices, 1,666 exploded and 959 were discovered before they went off. In January, 1,454 bombs exploded or were found.

The Quote comes from an article based on a new Report of the DIA. One unidentified high-level Defense Dept. Official states:

"The insurgency has more public support and is demonstrably more capable in numbers of people active and in its ability to direct violence than at any point in time."

The Article goes on to catagorize:

Yet some outside experts who have recently visited the White House said Bush administration officials were beginning to plan for the possibility that Iraq’s democratically elected government might not survive.

Meanwhile, the CBO suggests that the total Federal deficit will be $1.76 trillion between 2007 through 2016. The telling point of the AP article on the CBO Report states:

That is based on an assumption that the deficits will shrink dramatically beginning in 2012, reflecting the fact that Bush's first term tax cuts will have all expired by that time. The president is working to get Congress to make those tax cuts permanent.

It seems We are fighting a War which is lost already, and it is driving Us into Bankruptcy; though We must not discount the power of the Bush Tax Cuts. Why were the Bush Tax Cuts initiated? To fuel the Economy remains the common answer. This Economy with the Tax Cuts never matched the rates of Recovery from previous Recessions, which did not possess the benefits of those Tax Cuts. Some Economic Indicators point to a coming economic slowdown, with soft Employment, weakened Housing, and relatively static Manufacturing. There appears little reason for Bush to desire making the Tax Cuts permanent, except for the Wealthy to keep their preferential Tax breaks. lgl