To my eyes, taking credit for tax relief is not something to be proud of.
We are facing the largest deficits in the history of this country, have amassed a debt that will be literally impossible for our descendants to repay, and what does our financial wizard want to do? Reduce the amount of money coming in so we can go even further into debt.
Although I tend to lean pretty far right, I would have to agree with the tax relief and spend theory of Bush. While it doesn't make sense on paper... it really doesn't make sense in theory either. I would hate to see how much interest was spent on the $600 tax relief check I received a couple of years ago... I would prefer the government keep the money now because it will definately cost boat loads more later...
I think (this is just me thinking of course) that we are fixin' to see huge inflation in the near term. One reason being the shrinking dollar and the other being the doubling of construction products (steel and copper in particular) in the past couple of months.
....but what do I know.