Q The President raved today about the economy. How much has been primed by the war, spending for the military industrial complex?Really Tony? 5-6 billion dollars a month burned all in the name of Iraq and that has nothing to do with improving the economy for those in the war-time profiteering industries? Bull shit! I call Bull shit, here! Any one else?
MR. SNOW: Not much, Helen. As a matter of fact, if you take a look -- you're trying to revive the guns for butter -- the guns and butter argument. If you really want to take a look at the economy, go back and take a look at when tax cuts took effect.
Q -- that's a deficit argument.
MR. SNOW: Yes, and a lot of those have long since been discredited because they just don't work.
Q Oh, really?
MR. SNOW: Yes. You take a look at the path of economic growth, and you will see that there has been a real relationship between tax cuts and economic growth in recent years, and also deficits.
Q And the war has nothing to do -- war spending to the tune of $5 billion, $6 billion a month in Iraq?
MR. SNOW: In an economy that generates how many trillions of dollars of activity? No, it's not a major factor in economic growth. What is a major factor in economic growth is continued investment on the part of Americans and businesses in an economy that continues to offer jobs to upwards of 140 million people.
Q But priming the war has nothing to do with it at all?
MR. SNOW: No. It is at best a minor factor, Helen.
If you are going to suggest that tax cuts are the reason why the economy is booming, you better provide the correlation coefficients that prove your statement because I am not falling for the "have faith in your leadership" ploy perpetrated by those who originally would have us believe there were WMD in Iraq.