Watson Coleman: “Again, I thank my Democratic colleagues for participating in this debate. Much of the reasoning I have heard this…”

“Again, I thank my Democratic colleagues for participating in this debate. Much of the reasoning I have heard this evening reminds me of the definition of an economist: Someone who sees something beginning to work in reality and tells you why it won't in theory. Simply put: The President's tax cuts have begun to stimulate the economy and grow jobs. I will go out on a limb here and say as a fact that the sky has not fallen, that we are not in the worst economy since Herbert Hoover, and the United States is not selling off the Grand Canyon to cover its debts. Facts are facts. The business cycle lives. The economy started down long before George Bush became President. After a relatively short time of negative growth, the economy began to recover. Despite serious setbacks not of the President's making, such as 9/11, the economy is coming back strong. Jobs and deficits are the remaining problems. In the aftermath of recessions, they always are for a period. But we are headed strongly in the right direction. What every person knows is what matters is what we do here. This is the question: Which do you think helps the economy and which hurts, raising taxes on everyone, especially on small business and job creators and then increasing Federal spending, or leaving that money in the pockets of consumers to consume or save or invest? Tax increases would clearly hurt the economy more than increased spending would help. Today we need to look forward.…”