January 31, 2007
The Bountiful Bush Economy

President Bush's stewardship of the economy, along with superb judicial appointments and a stiff backbone in the war on terror, are likely to be his legacy accomplishments. The MSM, which regularly hailed the American economy while Clinton was president, is transparently political in its double-standard in economic reporting under the Bush administration. That doesn't change the fact, however, that this is a powerfully strong economy.

-Our Economy Has Created More Than 7.2 Million Jobs Since August 2003. Payroll jobs increased 167,000 in December alone, and have increased by more than 600,000 jobs in the past four months.

-The Unemployment Rate Was 4.5 Percent In December. This is well below the 5.1 percent average rate for 2005, and below the average of each of the past four decades.

-Real Wages Rose 1.7 Percent During 2006. This rate of growth is substantially faster than the average rate of the 1990s, meaning an extra $1,030 last year for the typical family of four with two wage earners.

-Real After-Tax Personal Income Per Person Has Increased Over $2,800 – Or 9.6 Percent – During This Administration.

By any measure, the economy has performed fantastically since the Bush tax cuts were enacted in 2003. This has everything to do with the industriousness, creativity, entreprenuership and hard work of Americans and nothing to do with politicians. In fact, the only thing that can hold our economy back is political interference.

Posted by Jonathan R. on January 31, 2007 12:58 PM
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