'Selling the Dream'

When George W. Bush was sworn in as President in 2001, his first major initiative was a massive tax cut. The economy had been thriving during the final years of the Clinton administration, and the government was running surpluses. Bush argued that the surplus was the people’s money and promised to return it through tax cuts. However, just a few months after Congress passed his tax cut, nearly 3,000 Americans were killed in a terrorist attack on American soil, leading the nation into war. Following the attack, the economy slid into a recession. With the tax cuts yet to be implemented, many questioned the wisdom of proceeding with them. Bush pressed forward. He had another plan to stimulate economy. How did Bush use the housing market to boost the economy? Join the conversation and get answers to this question and more on According2Sam episode #247. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.according2sam.com