Tuesday, May 29, 2007

Bush lied, people...got rich?

In spite of the MSM's best efforts to ignore the booming economy inspired by Bush's tax cuts you do occasionally see an article with some hints in it.

"Every marketplace that we're in right now is saturated," said Sam Latona, preconstruction manager with Turner Construction, a Dallas-based company with offices across the country. "All the contractors are basically at 100 percent capacity and exceeding it."

Commercial building is hot in Texas, Florida, California, New York and other parts of the West Coast, Midwest and Northeast, industry officials say. Spending on nonresidential construction was up nearly 14 percent during the first three months of 2007 from last year, according to the U.S. Census Bureau.
The trickle-down Reaganomics have struck again! In spite of tax cuts that hurt the poor and "killed the deficit" our economy is really booming right now. We have records being broken daily on Wall Street, our unemployment rate is 4.7% (2.2% for college graduates) and commercial construction and growth is only outpaced by that of our government (ha) -- tax revenues have actually increased! Surprising!, says the NYT.

Compare that to the Clinton era when the economy was "soaring" with 5.6% unemployment, termed by the media as "virtually full" employment. Where are the congratulatory articles, the economic analysis, the rah-rah stories of the 90's? Why are liberals looking back to a time when our economy just wasn't performing as well? You can hardly talk to a democrat without them spouting some inanity like "Boy I sure miss Clinton!".

Well, if you're missing those days, you're missing a time when your income was 18 to 78 percent lower than it is now, after inflation.