Tax Relief is killing the economy, no wait

The Dow Jones Industrial average closed today above 14,000:

NEW YORK (AP) - Wall Street moved soundly higher Thursday, sending the Dow
Jones industrials to their first close above 14,000, as investors kept jitters about the economy at bay and focused on a string of upbeat earnings reports.

The Standard & Poor's 500 index also had a record close.

...

According to preliminary calculations, the Dow rose 82.19, or 0.59 percent, to 14,000.41. The blue chip index throughout the session danced around the 14,000 mark, having first reached it on Tuesday but pulling below the milestone before the close. The Dow's advance Thursday again put the index above 14,000 but didn't propel it past the trading high of 14,021.95 set this week.

Here is CNN's report:

NEW YORK (CNNMoney.com) -- The Dow finished just a hair above 14,000 for the first time ever, helped by positive earnings news, while investors overlooked minutes from the latest Federal Reserve meeting and comments from Fed chief Ben Bernanke.

...

Returning to Capitol Hill for a second day of testimony, Federal Reserve Chairman Ben Bernanke touched on a number of issues during a question and answer session with a Congressional committee.

Bernanke said that the central bank needs more economic data before it is convinced that inflation is moderating and warned that the recent losses in the subprime mortgage sector could hit $100 billion and posed a threat to consumer
spending.

They just can't stand it, can they?

Tax cuts work. Always have, always will.