Tuesday, November 29

They say... and then there's reality

If all I did was watch CNN and listen to Democrats, I'd think the country was in real trouble now. Everything's bad, right? Gas prices, the economy, the housing bubble will burst, and I won't even go there about their doom and gloom Vietnam/Iraq comparisons that are absolute nonsense.

But if you'll click on that Drudge Report link to the right there, you'll see the top three stories dealing with:

  • Consumer confidence is up to 98.9 (from 85.2 in October), beating analysts expectations of 90
  • Sales of new single family homes went up 13% over last month, the biggest single month gain in 12 years!
  • The stock market is holding strong and the Dow may hit 11,000
Well, well, well. Now, I know anyone from New Fallujah might not be feeling this. Economic news in Michigan is not good. (don't worry, we'll be devoting several columns to unseating Gov. Granholm as the next election draws near) But the fact is, the rest of America is doing great. We have confidence in the future, we're spending money, we're buying houses.

One of the Drudge articles points out that consumer spending accounts for 2/3 of the U.S. economy!!! Do you know how huge that is? Now is there anyone out there simple-minded enough to argue with me that tax cuts don't work? That putting more money in the pockets of American people is the only way to make the economy grow? And not just a certain class of people, but ALL people. Yes, including that evil "richest 1%." Why? Because then they spend the extra money. They become part of that 2/3 contributing to a strong, American economy.

Anyone want to say that Bush's tax cuts did NOT have an effect on the economy now? Did not lead us out of his inherited recession and into the prosperity we enjoy now?

Anyone want to raise taxes? Yeah, see those stocks decline, see the housing market stall, see that confidence plummet and people stop spending money. TWO-THIRDS of our economy, people! Get with it.

No new taxes! Make Bush's tax cuts permanent! The government doesn't make up 2/3 of our economy, YOU DO!

Update 11/30: According to the New York Times, the economy "appearing" to boom is "not that simple". Do these mental midgets ever tire of getting it wrong? (link via Drudge)

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