Monday, March 07, 2005

Pres. Bush's Economic Boom

Larry Kudlow's recent column in National Review Online looks at the statistics from the economic boom created by Pres. Bush's tax cuts on personal income, dividends, and capital gains and comes up with some impressive results:

1) The economy has made 3 million new jobs
2) The average is 200,000 new jobs/month
3) February saw an increase of 262,000 new jobs
4) The unemployment rate has decreased from 6.3 to 5.4%
5) Inflation is 1.6% annually
6) New Unemployment claims have dropped to 300,700/week, a new low

He concludes

"The economy is on a tear... And its a very good start at that.
Compare the growth created by Bush's tax-cutting policies to what Taft, the Ohio Democrats, and so many of the Ohio Republicans seem to enjoy doing. Their policies will not help improve Ohio.

There is more in Kudlow's other columns and this one. Read them all.

Please e-mail the Editor-in-Chief with any questions.

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