What we are talking about here is confidence. The last time we had a "recession", It was completely the fault of the media. Countless people stopped spending money because they were told not to. I watched people who were not even remotely affected saying they would not spend as much that Christmas because of the "recession". People stop spending money, guess what, businesses suffer, people lose jobs, there's even less money to be spent. I'm not saying the media should not report bad news, but don't blow everything out of proportion. In this case, the more they yell the sky is falling, the better the chance it will.
And KG45, you seem to have a faulty memory. The tax cut was proposed because the government had more money than it needed. When things started to take a downturn and some wanted to get rid of the cut, Bush et.al. pointed out having this money out in the economy was, in fact, better than sitting in the governments pockets.
