* The Dow Jones Industrial Average trades above 12,000. Wall Street is bullish on America. The burgeoning Investor Class, the 53 percent of Americans who own stocks, is enjoying higher returns on mutual funds, IRAs, and 401Ks.
* Unemployment is just 4.6 percent, a five-year low. Republican incentives have helped create 7 million new jobs since January 2001.
* At 2.1 percent, 12-month inflation is tame.
* Average gasoline prices hit $3.04 per gallon last summer. They now average $2.23, and are falling.
* Fiscal Year 2006’s deficit fell to $248 billion. When we pledged to halve FY 2004’s $521 billion deficit by FY 2009, Democrats laughed. But, as we promised, tax cuts stimulated the economy, and revenues flooded the Treasury. We bisected the deficit three years early.
* http://article.nationalreview.com/?q=MjE2ZTlhMWIyMDhiODM4YTU0ZmU3NzJjZDE5ODQwYjE=
2006-10-27
06:57:20
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Economics