Wednesday, February 01, 2006

Here Is the Economic Doom the Media Has Talked About

Yeah, yeah. So I haven't posted anything in a while. Here's a doozy! I think you'll like some of these.

4.5 million more Americans are working today than in May of 2003, before the Bush tax cuts reports The Journal.

The economy has generated $750 billion in new personal income in the past 17 months, according to The Wall Street Journal.

3.5 to 4.0 percent rate of growth in 2005, twice as much as Europe even with gas prices, war, Federal Reserve interest rate increases, and hurricane Katrina.

Economic growth in the third quarter was 4.1 percent. That is the 10th consecutive quarter with growth over 3 percent. Not in the past 30 years have we done better.

The DOW is holding at about 11,000, nearing its all-time high of 11,750 set on Jan. 14 2000.

GOVERNMENT REVENUES GROW! The deficit decreased by $96 billion from 2004 to 2005 and the 2005 deficit was just at 2.6 percent of the Gross Domestic Product, compared to 5.1 percent in '85 according to The Chicago-Sun Times.

The US Dollar is up 10 percent versus the Euro in the past eight months.

2005 American household net worth is at $51 trillion according to the Federal Reserve. That looks like it's doubled from '95.

The Labor Department reports that in 2001 - 2005, we saw the best rate of labor productivity over any 4-year period since they started measuring it.

HAHAHA! Well, I guess we seem to be right so far, as usual. Other media orgs are publishing some of these statistics as well, but each will say that the DOW isn't an accurate portrayal of the economy (which it is), or that just because we're doing well now doesn't mean we will in the future (yeah, if we elect more dems in office), or that the tax cut just hasn't destroyed America yet (which it never will).
Listen to me. Ever since the tax cut has been passed, libs have been SCREAMING about deficits, the economy crashing and some sort of recession we're in, how we aren't performing well in the world's economy.
THESE ARE OUTRIGHT LIES!
Check it out for yourself. We're right. They're dead wrong.