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Home Front Economy
The US Economy - It's Better Than You Think
2006-07-08
Most interesting point for those of us who sometimes obsess about China's growing economic clout:

Did you know that just over the past 11 quarters, dating back to the June 2003 Bush tax cuts, America has increased the size of its entire economy by 20 percent? In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy, and much larger than the total economic size of nations like India, Mexico, Ireland, and Belgium.
Posted by:Gen. Wesley Clark

#6  Worse than Hoover (and assorted 2004 election donky chestnuts)
Posted by: Captain America   2006-07-08 21:19  

#5  That is a staggering achievement. Tax cuts work because incentives work, whether they're to have more welfare babies or build more businesses - they work. So you need to choose your incentives wisely...

Of particular interest is this;


Since the 2003 tax cuts, tax-revenue collections from the expanding economy have been surging at double-digit rates while the deficit is constantly being revised downward.


Cause, meet effect.
Posted by: Tony (UK)   2006-07-08 20:03  

#4  All the growth was from the backs of the poor and unemployed.
Posted by: 6   2006-07-08 18:24  

#3  It's not nice to threaten the mentally challenged.
Posted by: Darrell   2006-07-08 17:53  

#2  Hello Nancy... did you know my TaeDong 2 was aimed for your congwessional distrit!
Hans Brix, I get you next!
Posted by: Lil NK Kim   2006-07-08 17:43  

#1  No! No! No! It's all a lie to try to fool the American people into voting for you republicaNazis in Novemeber.
Posted by: Nancy Pelosi   2006-07-08 17:38  

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