An editorial in Investor’s Business Daily: “By far the worst misconception of Bush’s tax cuts is that they did nothing for economic growth. This is just plain silly. Tax cuts by President Coolidge in the 1920s, President Kennedy in the 1960s, President Reagan in the 1980s and, now, President Bush in the 2000s all show the same thing: Lower taxes mean faster economic growth.”IBD, continuing: “Since the last tranche of Bush’s tax cuts in May 2003, real GDP has grown 13 percent — or a bit more than 3.2 percent a year. Before that, from President Clinton’s final year in office, growth averaged 1.5 percent. It basically doubled after the tax cuts. This is common. From 1921 to 1929, the era of Coolidge’s tax cuts, real GDP rose 59 percent. It rose 42 percent from 1961 to 1968, the Kennedy tax-cut era. It added 31 percent during the Reagan boom, even though Keynesian economists assured us that the U.S. was a ‘mature’ economy and incapable of such growth.”
Seattle Times executive editor David Boardman, in an Aug. 15 e-mail to his staff: “If we wore our politics on our sleeves in here, I have no doubt that in this and in most other mainstream newsrooms in America, the majority of those sleeves would be of the same color: blue. Survey after survey over the years (has) demonstrated that most of the people who go into this business tend to vote Democratic, at least in national elections. That is not particularly surprising, given how people make career decisions and that social service and activism is a primary driver for many journalists.”
Roger Ailes, chairman and CEO of Fox News and the new Fox Business Network, on the secret of his success: “People say, ‘You didn’t go to Columbia Journalism School — how can you run a news organization?’ I say, ‘I have two qualifications: (1) I didn’t go to Columbia Journalism School, so there’s a chance I’ll be fair. And (2) I never want to go to a party in this town (New York), so there’s nobody’s a-- I have to kiss.’”
Ross Mackenzie lives with his wife and Labrador retriever in the woods west of Richmond, Virginia. They have two grown sons, both Naval officers.
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