Thursday, October 19, 2006

Democrats Are Promising To "Turn This Economy Around!"

I can't think of a better reason to vote against them.

As George Will points out today:

Nancy Pelosi vows that if Democrats capture Congress they will "jump-start our economy." A "jump-start " is administered to a stalled vehicle. But since the Bush tax cuts went into effect in 2003, the economy's growth rate (3.5 percent)
has been better than the average for the 1980s (3.1) and 1990s (3.3). Today's
unemployment rate (4.6 percent) is lower than the average for the 1990s (5.8) --
lower, in fact, than the average for the last 40 years (6.0). Some stall.

Will also quotes from an excellent study by the American Enterprise Institute about the real-life wealth being enjoyed by the middle class. Despite the whining of NYTimes pinheads that the only people doing well are the super-rich, AEI shows that the consumption rate--the buying of stuff we want, like clothes, cars, meals, etc--has doubled for the middle class since the early 1990s.

We're working harder, yes. And we' re enjoying it more, too. More people doing more work and more fun?

No wonder Democrats hate this economy.