The economy is still rolling along with 4.5% unemployment, rising incomes and rising wages, close to THREE YEARS after the Fed began a series of 17 straight interest rate hikes.
Bush spends too much, the deficit and debt are out of whack, but the increase in the tax base, resulting from the economy's increased ability to reinvest its own earnings (i.e., the tax cut) has produced increased revenue, offsetting about half the deficit spending - meaning if we ever just froze spending where it is, even in real dollars, we'd soon have a surplus.
There are more poor people than there were before but only by about 1/3 the number of extremely poor people who have emmigrated here illegally alone.
Yes the war is going badly and yes he spends too much but damn, when does he get any credit for the robust economy?
And please don't give me this crap about "oh it's not robust for me." The numbers don't lie.
2007-03-27
11:01:10
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26 answers
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Anonymous
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Politics