It wasn't about stimulating the economy even though they claimed it was. It was proposed before the economy went South and was spread out just to make it more palatable to moderate Republicans still concerned about deficits. The same is true of this cut. There are better tax cut methods to stimulate the economy but this one benefits Bush's strongest supporters the most.
I follow economics and the stock market closely. I know what I said about the 6 % UER is correct. I hear Greenspan express numerous concerns about going below 6% when we were first approaching that level. This step change in "full employment" is why I'm so keen on maintaining low interest rates and a 90's style economy not mucking it up with political payback targeted tax cuts.
Regards,
Mark
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