Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.

Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.

There's bound to be a recovery in [capital spending] sometime soon. We have had basically no capital investment for about year. At some point, machinery wears out, and you've got to replace it.

With all due respect to Speaker Hastert, trying to eliminate the IRS by adopting a national retail sales tax is a very dumb idea.

I believe any decline would lock in a Fed increase with some certainty.

People are increasingly concerned about unemployment, but Republicans have nothing to offer them.

The problem we have had on the budget all along is a lack of adult supervision on the part of the White House. You can't blame members of Congress for looking out for their parochial interests. It is the president's responsibility to look out for the national interest.