Well, less than a year ago everyone was talking about how terrible the economy was (even though it wasn't). Why is no one talking about how well it is doing now? Didn't they talk about during the 1990s?
The Dow broke 11,500 this morning. Unemployment is something like 4.7% nationally (BTW - Many economists will say that 4% is full employment) . Over a hundred thousand jobs added. Increases in salaries. All of this in an environment where oil prices are high and interest rates keep rising. I would have to say the economy is roaring again.
Even the federal government is bringing in more money than they were before the tax cuts. The size of the deficit is shrinking each year. Maybe they could stop the increased spending to pull that a little tighter. Do we really need a bridge to nowhere?
It is quite apparent to me that the Democrats must be right -- Tax Cuts don't work! All they do is damage the economy.
What is your opinion? Was the negativity about the economy just electioneering or did they have a point?
Technorati Tags: Economy, Taxes
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