Thursday, June 29, 2006

But the economy is bad:

5.6%. That’s how much the U.S. economy grew in the first quarter of the year. It’s the fastest pace in 2 ½ years and stronger than what had been anticipated. The most interesting part of the number is the fact that a large part of the growth was due to an improved trade deficit.

So lets review, since President Bush’s tax cuts:

The U.S. economy has continued to grow at an above average pace.

Unemployment has fallen to 4.7%

A record number of people own their own homes including minorities.

The IRS has received a record amount in tax receipts. (Imagine how that could be possible considering we cut taxes).

All this and the President still can get any credit.

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