October 27, 2006
It's the Economy, StupidWhen Bill Clinton was president, this type of stuff was all over the news. Now, not so much.
Current Unemployment Rate: 4.6%This morning's GDP report shows growth moderating as would be expected after such an explosion of economic activity triggered by tax cuts, but the prospects are for continued steady growth. So, economic growth is just as strong, unemployment is better and financing a new home purchase is easier. Yet the MSM is virtually silent. Any ideas as to why?Average Unemployment Rate 1993-2000: 5.2%
Average GDP Growth Since the 2003 Tax Cut: 3.7%
Average GDP Growth 1993-2000: 3.7%
Current 30-Year Mortgage Rate 1993-2000: 6.4%
Average 30-Year Mortgage Rate 1993-2000: 7.7%
Posted by Jonathan R. on October 27, 2006 11:34 AM
Trackback Pings
TrackBack URL for this entry:
http://www.gopbloggers.org/mt/majority.cgi/4349
Comments
While America is doing great as a whole, these numbers are slightly misleading. Sure, our unemployment is fairly low. But the problem is the new jobs are for a lesser wage. The Middle Class and Poor are getting less of the pie, and the rich are getting more than ever. This redistribution of wealth is really fucking over the middle class and the poor. Funny how you forgot to mention THAT.
Posted by: Dan at October 27, 2006 07:19 PM
Where is the logic behind tax cuts causing an expansion? If the government collects taxes, they get spent the monies on goods services and wages. On the other hand if we cut taxes and leave money in the hands of the people it gets spent on goods services and wages. In the mean time the government borrows money to meet obligations mortgaging our future. Unless the government took our taxes and locked them away in a vault, I don't see how tax cuts are an economic stimulus.
Posted by: Larry at October 30, 2006 12:15 PM
Post a comment
