To: conservativecorner
Economic growth stimulated by reduced tax rates doesn't fit the socialist MSM template of class warfare and capitalist oppression. They would never write this article. Thanks for posting.
To: ProtectOurFreedom; conservativecorner
Seems that this idea that wealth is created by lower taxes and the freedom to start one's own business, is awfully difficult for a lot of people to see.
Today's Investor's Business Daily has an article on how "June's 121,000 Jobs Far Below Targets, But Pay Gains Jump". It starts with saying that payroll numbers show jobs are down (that's bad) and at the same time family survey numbers show that unemployment is low (that's good). The IBD dropped the ball by giving up and saying "Jobs figures have become increasingly obtuse of late."
Nothing obtuse about it at all. People are quitting payrolls because they're making more money on their own.
To: ProtectOurFreedom
I would attribute much of the growth in the economy over the past few years to the effect of extremely low interest rates. The stimulus from the housing boom and the home owners' equity spending was enormous. We are now on the down slope of this effect - and there will be hell to pay!
13 posted on
07/08/2006 8:49:58 AM PDT by
GregoryFul
(cheap, immigrant labor built America)
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