B-Team, Mount Up!
Half or more of the people listening to the Mitt Romney/Meg Whitman presentation at the Republican Working Committee on Economic Recovery hearing cleared out when they left. Several reporters join them. That’s the story of the day so far — Romney and a California gubernatorial candidate’s descent from Olympus to go on record with supply side tax policies and (mostly) spending cuts.
Fair enough, the B-team of witnesses from the Heritage Foundation and the American Enterprise Institute are much more philosophical and less practiced than than the departed GOP stars. Bill Breach of Heritage struggles with his mic before telling everyone to read Heritage’s tax cut-heavy stimulus plan.
The star now is Grover Norquist, whose Americans for Tax Reform pass out documents written to prove that Republican congresses are best for stocks. It’s hindered a little by this factoid:
In 2001, Democrats took the Senate when Jim Jeffords switched parties. Shareholder wealth fell from $15.4 trillion at the end of 2000 to $10 trillion at the end of 2002.
Wait, didn’t anything else happen between May 2001 and the end of 2002?