Sunday talk shows and the Liberal drum pounding wears on me like stench from a skunk. Oh for the Clinton years, Oh for the economic boom! Hogwash in triplicate! Hillary Clinton suggests taking the profits of oil companies to use for energy entitlements of her design, crying over the 10 long years of no minimum wage hike, complaining about the so-called “rich” and the beat goes on.
Liberals don’t like to discuss the “dot-com bubble” or reforms brought forward by the Republican Congress and the “Contract with America.” While Liberals were relying on polls and public opinion at every turn Bill Clinton had to stay politically centered or look like a fool, which he took care of all by himself in the privacy of the oval office.
The hand wringing continues with former Reagan Secretary of the Navy, Sen. Jim Webb (D-VA) trying to explain everything wrong with America and blaming President Bush for the downturn of the United States. He sounds embarrassed to be American.
Comparing the numbers:
Liberals don’t like to discuss the “dot-com bubble” or reforms brought forward by the Republican Congress and the “Contract with America.” While Liberals were relying on polls and public opinion at every turn Bill Clinton had to stay politically centered or look like a fool, which he took care of all by himself in the privacy of the oval office.
The hand wringing continues with former Reagan Secretary of the Navy, Sen. Jim Webb (D-VA) trying to explain everything wrong with America and blaming President Bush for the downturn of the United States. He sounds embarrassed to be American.
Comparing the numbers:
- Between 1991 and 1996, the unemployment rate averaged 6.4%.
- Between 2001 and 2006, the unemployment rate averaged 5.4%.
- Real (inflation-adjusted) wage growth, averaged 0.6% annually for non-farm workers in the first half of the 1990s.
- Real (inflation-adjusted) wage growth, is averaging 1.5% annually for non-farm workers this decade. For the last 12 months, real wages have risen even faster, at a 1.7% clip.
Current Numbers:
- Exports are now booming (up 10% last year), especially to the countries with which the U.S. has signed free-trade agreements.
- At the end of last year’s third quarter, U.S. household net worth had climbed to $54.1 trillion, an increase of more than $3 trillion over the previous four quarters.
Should We Worry?
Inflation needs to be watched carefully and it seems the Fed is in good hands. The political risk is real and Democrats hate the Bush tax cuts, have not kept their promise of earmark reform entirely and relish the opportunity to set up government controlled health care, crushing any school voucher system and rejecting free trade.
The Democrats are busy using their bully pulpit to sound the alarms, many of which are simply “false alarms” to gain power.
Inflation needs to be watched carefully and it seems the Fed is in good hands. The political risk is real and Democrats hate the Bush tax cuts, have not kept their promise of earmark reform entirely and relish the opportunity to set up government controlled health care, crushing any school voucher system and rejecting free trade.
The Democrats are busy using their bully pulpit to sound the alarms, many of which are simply “false alarms” to gain power.
No comments:
Post a Comment