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Well, yabbut, a recession is inevitable at some point. If a short bit of growth is followed by a short bit of recession, that's fine, it's almost expected, and the idea I think should be to keep eveverything as smooth as possible.
I don't know if this cut is really gamesmanship. Greenspan said he is in favor of it. If it is leverage for spending cuts in two years that would be just awesome.
Greenspan kept Clinton from proposing major federal programs in the early Clinton era. He told Clinton that he would not cut the interest rate if Clinton would follow through on his spending proposals. Greenspan is the unsung hero of our time.
I would have thought that Bush would let a small recession happen during his first two years in office, then take credit for the following growth period. In making the tax cut retroactive, it looks like he wants to put the recession off even longer.
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