October 18, 2006
But of course the economy sucks and it's Bush's fault, right?
October 11, 2006
Two years later, despite the Congress' spending spree and his refusal to veto any of it, Bush has kept yet another campaign promise - three years sooner than expected.
Today's deficit for the government fiscal year end close dated 9/30/06 has plunged to $247.7M.
And it wasn't magic. Nor was it some illusory anomaly like a dot.com bubble. It was tax cuts, which led to higher tax receipts.
Capt. Ed has more about the best economy that you're not hearing about.
October 04, 2006
AFP report this morning: Brent oil price dunks below 58 dollars in London
Tough shit, dude.
October 03, 2006
How's your 401K doin' these days?
September 27, 2006
September 13, 2006
The Treasury Department said that with just one month to go in the budget year, the deficit totals $304.3 billion, down from $354.1 billion during the same period a year ago.It's those damn tax cuts for the rich!!
The Congressional Budget Office is forecasting that the deficit for the entire year will be $260 billion, which would mean that September will see a sizable surplus. [note: the Federal Gubment's Fiscal Year End is September 30th]
June 02, 2006
Statistically speaking, we're at near full employment. But CBS can still find a way to spin this news as negative. Check out the headline: "Unemployment Dips, But Hiring Slows". WTF?
They just have to find that cloud in the silver lining. Umm, guys. Maybe hiring slowed because employers can't find enough unemployed people to take the jobs.
May 25, 2006
Gadzooks! Economic growth for the first quarter 2006 was just revised up to 5.3% - the strongest in 2.5 years!
One of the biggest reasons? You and me: "Consumer spending was one of the primary reasons overall GDP performance accelerated to such a brisk pace in the period." As Jack Kemp likes to say, "A rising tide lifts all boats".
And the Liberal girlie-men are still screaming about "tax cuts for the rich". Sigh.
March 28, 2006
The Conference Board said that its consumer index shot up 4.5 points to 107.2, the highest level since May 2002, when the reading was 110.3. Analysts had expected a reading of 102.Even more interesting. The fine print in the chart registers the Consumer Confidence rating for 1985 as 100. So with the exception of a post-Katrina dip, Consumer Confidence was higher during most of the last year than it was during the heyday of the mid-1980's.
The latest measure was up from a revised 102.7 in February, which was down 4.1 points from January and broke a three-month rebound from last years Gulf hurricanes.
Yeah, sounds like the worst economy since Herbert Hoover to me.
December 21, 2005
Not to mention 5% unemployment and a deficit shrinking every day from higher Federal tax revenues.
Now imagine if we made those tax cuts permanent?
December 09, 2005
Lower Tax Rates = Higher Tax Receipts = Lower Budget Deficits. Kennedy understood it. Reagan understood it. Bush understands it.
You see, this is how economics works in the real world as opposed to Paul Krugman's fantasy world.
h/t: Ace of Spades HQ
November 30, 2005
The upwardly revised reading for GDP in the third quarter also exceeded the expectations of business analysts. Before the report was released, they were forecasting the economy to clock in at a 4 percent pace.Must be all those Bush "tax cuts for the rich", huh?
Consumers and businesses did their part to keep the economy rolling even as they coped with elevated energy prices during the third quarter.
September 02, 2005
It seems the unemployment rate is now down to 4.9%, with 169,000 jobs added in August. What, no "the increase in jobs exceeded analysts expectations" commentary? If it fell short of expectations, you can bet your bottom dollar that would be part of the headline.
But wait. The article sets the tone for next month, when the job growth numbers will undoubtably slow because of Katrina. And you just know the MSM will be ALL.OVER.THAT. And guess whose gonna get the blame? Hmm. Let me think...
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