Fred Thompson - Economic Reality

[NCByrd]

The Economic Reality
By Fred Thompson
Tuesday, August 7, 2007

Economist Larry Kudlow calls today’s American economy, “the greatest story never told.â€

[sippy]

Has everyone here enjoyed their $8,000???

I'm still waiting for mine. I wonder where they got these statistics from because I certainly didn't get anything close to that kind of a raise.
In fact, the last 3 annual raises I received barely amounted to half of that $8k total.

[jp_48504]

What is this guy smoking?

In the last three years, workers’ salaries have risen by $1.2 trillion, or $8,000 per worker, and consumer confidence recently reached its highest level in almost six years.

Most consumers have to decide whether they should buy gas or pay the rent. Give me a break.

[nntrixie]

sippy Maybe yours and mine are in the mail???

The so-called tax cut was not a tax cut. It was just a tax shift. The monies to states were cut back and states had to raise revenue somehow so in Texas, they did some jiggling of property taxes, raised professional fees and licenses, car registration, etc. So whether bottom line, we didn't get any more money in our pockets from the tax cut.

[gofer]

Well, if Hillary is elected she will make sure everybody gets their $8,000 dollars, no matter who just has to take it away from. Under Socialism nobody will have to worry about all those nuisances of self-responsibility anymore. It will be Utopia and those who didn't like the tax cuts, they will be restored, with somemore added, just for our happiness and contentment.

[SOSADFORUS]

Well this is cetainly contradictory to everything Lou Dobbs reports!! and seems to me he has more statistics to back him up!!

Of course Fred Thompson = Counsel on Foreign Affairs, NAU, NAFTA/CAFTA, nuf said!!!


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[sippy]

sippy Maybe yours and mine are in the mail???

The so-called tax cut was not a tax cut. It was just a tax shift. The monies to states were cut back and states had to raise revenue somehow so in Texas, they did some jiggling of property taxes, raised professional fees and licenses, car registration, etc. So whether bottom line, we didn't get any more money in our pockets from the tax cut.

NN, good one!

I guess our portion went to pay for all their free services.

[Bowman]

Since the spring of 2003, the economy has had average growth of over 3%,

At the same time inflation has been over 2% and population growth (due to mass immigration) has been over 1%, the result being a decrease in real per capita income!

8.2 million jobs have been created,

All of them taken by high maintenance (through taxes) "immigrants"!

The current unemployment rate, 4.6%,

You know the government lowers this number by not counting many categories of working age people.

[b]In the last three years, workers’ salaries have risen by $1.2 trillion, [u]or $8,000 per worker

CEO's and company Presidents get paid a salary, and theirs has gone up much faster than than average worker. The leftover scraps raise the average worker gets is eaten up by inflation and higher taxes.

and consumer confidence recently reached its highest level in almost six years.

Six years ago was before 9-11. It has dropped since then due to the stupid continuation of globalist policies by GWB. A slight recent uptick is not the same as "pre 9-11 confidence".