If you read the article… by “too late” it means too late to keep the tax cuts that have helped so much, too late to stop Pelosi from doing what she has said she would do and more. Here:

House Minority Leader Nancy Pelosi has been all over the place talking about what Democrats will do after they win Nov. 7. But it’s hard to take her seriously when she promises to “jump-start our economy and reform our economic policy . . . to address the needs of working families.”

Huh?

“Jump-start the economy”? That’s what President Bush did in 2003, when he pushed through bold, broad tax cuts to end a slump that began in 2000 under a Democratic administration.

Since the cuts took effect, the economy has added $1.26 trillion in real output, $14.4 trillion in net wealth and 5.8 million new jobs, while productivity has grown 10% and business investment 24%. Since 2000, total consumer spending has risen $1 trillion — nearly $8,000 per household — after adjusting for inflation. The Dow Jones industrial average is hitting new highs.

Then there’s the budget deficit, which the Congressional Budget Office reckons will come in around $250 billion. By our calculations, that’s about 1.9% of total output. In early 2004, when Bush vowed to halve the shortfall, it stood at 3.6% of GDP.

The fact is — and we’re dealing with facts here, not fantasies — this economy has done better than anyone expected, especially given the mammoth hits it took in the months just before and after Bush took over in January 2001. Democrats know this full well, despite their rhetoric.

What do the Democrats promise to do about all this prosperity? They’ll let the tax cuts lapse, socking millions with billions of dollars in higher levies. They’ll raise the minimum wage, hurting the working poor and those with the fewest skills and the least education. And they’ll extend jobless benefits, a move that in the past has kept unemployment high (but which today, at 4.6%, is below the average of the last 40 years).

They’ll also try to impose new regulations across the economy on everything from energy to broadband, punishing industries they don’t like and subsidizing those they do.

Worst of all, they’ll do nothing — absolutely nothing — to stop the growth in entitlement spending that will start to engulf the treasury beginning in 2009. Their solution as always: more taxes.

And this is just what they’ll admit to. Who knows what else is in store.

We may never have another election in which all the voters are supposed to be legal citizens.

NTWR on October 9, 2006 at 6:11 PM