Thursday, October 30, 2003

Economy Grows at Fastest Pace Since 1984

From NewsMax.com: "The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States."

The remaining challenge is to improve the job picture (yours truly trying to do the same, since my employment at a local software reseller/developer imploded). But this supports a couple of concepts I've believed for a long time:
  1. The economy is getting better, despite the carping and harping from the left.

  2. Tax cuts work. So shut up about "tax cuts for the rich" already. Everybody who pays taxes, in my opinion, should pay less. Lower the rates, and economies (and overall tax revenues) get better. The left, whose stock in trade is wealth redistribution and de facto vote-buying (with other peoples' money), never get this.

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