Newsday.com – Opinion – It was an engaging performance, but an oversimplified economics lesson: “Bush did not mention the one-sided nature of his tax cuts, which benefit wealthier people generously but do little for the lowest-income workers.

He did not acknowledge the cost to the economy of the deficits his tax cuts are spawning, which will be a drag on growth and probably will force the imposition of painful cuts in government services. He ignored the cost to Americans of the protections his administration approved for the steel industry – since ruled illegal by the World Trade Organization – even as he advocated free trade.”

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