Clouding Economic Facts
Donald Luskin provides links to 12 of Reagan's yearly speeches he gave to The American Conservative Union. Luskin provides a long exerpt from the 1988 speech where Reagan points out how Democrat economists were combining the economic results of the first 5 years of his administration with the 4 years of Carter's administration. The result of was to show there was no improvement in the economy under Reagan's policies by combining the good Reagan numbers with the bad numbers from the Carter administration.
The Dems do the same things today to downplay Bush's remarkable economic performance after inheriting the Clinton recession.
Reagan concluded the speech with:
So, believe me, I welcome this approach by the opposition. And I promise you, every time they use it, I'll just tell the story of a friend of mine who was asked to a costume ball a short time ago -- he slapped some egg on his face and went as a liberal economist.
The same holds true with the critics of Bush's tax cuts. But those ignorant of economics coupled with partisan ideology (and MSM business section headlines), keep on trying.