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Sharing the Wealth - Beyond the American Way:

After the Bush administration's 2001, 2002 and 2003 tax cuts, the savings enjoyed by U.S. households above the $500,000 bracket alone amounted to $50 billion per year. Compare that to the total of $15 billion that the administration gave in foreign aid in 2004.
http://www.stwr.net/content/view/1835/37/
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Another interesting little fact,
quote:
ROBERT REICH: I'm spending my spare time these days debating supply-siders who are convinced that the record-breaking Dow proves the correctness of the Bush tax cuts.

Yes, the Dow did reach a record high last week. But the Commerce Department also reported that economic growth slowed to its weakest pace in four years. Now how can investors do so well, while the real economy is doing so poorly?

My supply-side friends don't have an answer, but I do. It's because of two great decouplings that have occurred in recent years. First, the rest of the worlds' major economies have decoupled from the United States economy. China, India, Japan and Europe are now such large markets they can grow briskly even as America slows. http://marketplace.publicradio.org/shows/2007/05/02/PM200705025.html
So, the next time someone tells you how great the US economy is doing, point out that It is the economy of China that is driving the stock market, NOT the US economy.

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