Bush gives himself an ‘A’ on tax policy

President Bush Thursday awarded himself the top grade on cutting taxes and warned that a recession could hit the country if Democrats had their way and raised taxes.

{mosads}“You need to talk to economists,” Bush said at a White House press conference when asked how he would gauge the chance of a recession, saying he “got a B in Econ 101.” The president added to laughter that he “got an A, however, in keeping taxes low and being fiscally responsible with the people’s money.”

Bush said the fundamentals of the U.S. economy are healthy, pointing to solid job markets and low inflation, increasing exports and corporate profits that “appear to be strong.”

The president said he is “optimistic” about the economy but said this view would change “if the Congress has its way and raises taxes.”

“I believe the worst thing that could happen now is to allow the Congress to do that which they have said they want to do, which is to raise the taxes on people,” he added.