"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Just as the author recognizes that the timing of housing sales was impacted by tax incentives, I suggest that several of the other factors he cited are similar "pull-aheads". Consumers and businesses are making decisions based on the expected expiration of the Bush tax cuts. If Congress allows them to expire at the end of the year, raising taxes in 2011, I believe we'll see a double-dip.
Just as the author recognizes that the timing of housing sales was impacted by tax incentives, I suggest that several of the other factors he cited are similar "pull-aheads". Consumers and businesses are making decisions based on the expected expiration of the Bush tax cuts. If Congress allows them to expire at the end of the year, raising taxes in 2011, I believe we'll see a double-dip.
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