Economics
Great article in today’s Wall St. Journal by Ron Haskins of Brooking’s (not a conservative think tank by the way). The failure of many liberal ideas, initiatives, and programs has been well documented. ( public schools, “wind-fall” profit taxes, nationalized healthcare, “living wage”, Social Security, etc…) We can now officially add their staunch opposition to […]
Continue reading about Alarmist Liberals Wrong on Welfare Reform
One of our frequent “commenters” and friends of Pundit Review “Doug H” had this to say about my previous post “More Surprising Economic News” (below) which cited official US Treasury Dept data showing sustained job growth (lowest unemployment in 5 years) and real wage growth accross the board for all Americans (not just the “rich”): […]
From today’s WSJ Economist Michael Darda of MKM Partners notes that averaging the two surveys yields a gain of close to 250,000 jobs in June, “which is much closer to the reality of America’s very tight labor market.” Meanwhile, the increase in total hours worked in June was itself the equivalent of a half-million new […]
Continue reading about More “Surprising” Positive Economic News
Those of us who understand economics 101 know that every time in American history that taxes have been cut accross the board, revenues to the Federal and State treasurys increase. We call this supply-side economics and it is now axiomatic. The 2003 Bush Tax cuts have resulted in a flood of tax receipts to the […]
Democrats have been claiming for years that the Bush tax cuts “were for the rich”. How is it then that those making over $200,000 now pay 46.6% of total income taxes, up from 40.5% before the tax cuts? Some other tax news that demonstrates the Democrats political pandering has them, again, on the wrong side […]
Tom Blumer of BizzyBlog reminds us that The Manufacturing Sector Is on Its Longest Winning Streak in Over a Quarter Century That was awfully nice of Tom since the MSM doesn’t seem to think it is news at all. While your at BizzyBlog, check out Tom’s great site, especially his relentless coverage of the Kelo […]
We’d have thought that the Democrats who are now voting to let taxes increase would be thrilled to know that things turned out better than they had feared. Americans are better off despite Democratic predictions that, as Minority Leader Nancy Pelosi put it back in 2003, tax cuts would “damage long term economic growth.” Well, […]
Continue reading about This Just In: 2003 Bush Tax Cuts a Success