Monday, July 10, 2006

Is The USA A Prosperous Country? Hell Yes Neighbor......Try Adding $2.2 TRILLION In GDP.

A Smokin' econony, but who knew? You've got to dig deep to find any positive news the Bush administration has produced.

This from former Reagan economic adviser Larry Kudlow at over at Real Clear Politics........ The Big-Bang Story of US Private Business


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.

This is an extraordinary fact, although you may be reading it here first. Most in the mainstream media would rather tout the faults of American capitalism than sing its praises. And of course, the media will almost always discuss supply-side tax cuts in negative terms, such as big budget deficits and static revenue losses. But here's another suppressed fact: 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.

Amazing.

3 Comments:

At 4:36 PM, Blogger Dan Zaremba said...

Good. Very good.
We are only a small economy but also doing very well thank you.

As long as our governments don't try to help us too much it can be only good.

 
At 4:38 PM, Blogger Dan Zaremba said...

Just a bit of trivia not related to the US economy.

Did you know that the total production output of all Arab countries (if we exclude oil revenues) is smaller than Finland's?

 
At 12:23 PM, Blogger Brooke said...

Shhh, Joe. Don't mess up the MSM's agenda!

 

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