According to our Democrats, this isn't possible: WASHINGTON (AP) -- The federal deficit has improved significantly in the first three months of the new budget year, helped by a continued surge in tax revenues. In its monthly budget report, the Treasury Department said Friday that the deficit from October through...
So, while Democrats have been relentless in their quest to destroy America's economy by means of raising taxes and increasing the minimum wage, we could, at times, attribute their motivation to ignorance of basic economic principles. But, clearly, that is not the case, as the following story suggests.The major tuna...
Read Full Story. . .
January 11, 2007
Federal Minimum Wage Should Be $0.
By Matt Margolis at
03:03 PM
Democrats have passed an increase in the federal minimum wage, with the help of 80 Repubilcans... Instead of increaseing the minimum wage, we should be abolishing it.. George Will explains why...Today, raising the federal minimum wage is a bad idea whose time has come, for two reasons, the first of...
Read Full Story. . .
January 09, 2007
Democrats Want To Destroy The Economy...
By Matt Margolis at
09:26 AM
How convenient that the same day the New York Sun reports that Democrats plan to increase taxes on the "rich," that the New York Times publishes an article headlined Tax Cuts Offer Most for Very Rich, Study Says, which doesn't mention until the bottom that "a comparatively small number of...
Read Full Story. . .
January 03, 2007
A Balanced Budget By 2012 & Earmark Reform
By Matt Margolis at
04:19 PM
In his op-ed in The Wall Street Journal, President Bush called for a balanced budget by 2012 and earmark reform... Posted in the extended entry is the White House Fact Sheet on these issues....
Read Full Story. . .
December 20, 2006
Promising News On The Minimum Wage & Tax Cuts Issue
By Matt Margolis at
12:22 PM
I've stated a number of times in the past that with the inevitability of a minimum wage hike, Bush needs to be firm and say that he will not sign legislation to increase the minimum wage unless it included tax relief... Well, it looks like the President and I are...
Read Full Story. . .
December 19, 2006
Will Bush Sign A Tax Increase?
By Matt Margolis at
01:58 PM
Normally, I'd say "absolutely not," but this story has me worried. The Bush administration has sent signals since last month's elections that the president is prepared to accept some tax increases on upper-income families, worrying congressional Republicans and fiscal conservative watchdogs who say he will compromise with Democrats to win...
Read Full Story. . .
December 08, 2006
More Than 7 Million Jobs Created Since Since August 2003
By Matt Margolis at
12:46 PM
132,000 jobs were created In November, bringing the total number of just created since August 2003 to over 7 million. That's right... over 7 million jobs created in a little over three years. And contrary to one of the favored liberal lies about the Bush economy, these aren't burger-flipping jobs......
Read Full Story. . .
December 05, 2006
Pelosi Wants To Fast-Track Job Destruction
By Matt Margolis at
06:44 AM
A while back I said Republicans may have to accept a minimum wage increase, but have to use the extension of Bush's tax cuts as leverage. Well, Nancy Pelosi must be worried about such political compromises, and is talking about fast-tracking a Minimum Wage Bill.Incoming House Speaker Nancy Pelosi wants...
Read Full Story. . .
November 09, 2006
The Upcoming Battle Over Minimum Wage
By Matt Margolis at
10:57 AM
Despite their current rhetoric about bipartisanship, I remain cautiously skeptical of the Democrats motives. Let me rephrase that... I don't trust them. Let's face it, the anti-Bush rhetoric we've heard come out from the mouths of Nancy Pelosi and Harry Reid have been so below the level of appropriate discourse...
Read Full Story. . .
November 03, 2006
Unemployment Rate: 4.4%
By Matt Margolis at
09:20 AM
That's the lowest it has been in nearly 5 and half years...The U.S. unemployment rate dropped to its lowest in nearly 5-1/2 years during October as 92,000 more jobs were added and hiring in each of the two prior months was revised up, a government report on Friday showed. The...
Read Full Story. . .
October 27, 2006
Consumer Index Reaches Two Year High
By Mark Noonan at
07:07 PM
More bad news for Democratic hopes in 2006: The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, jumped four points on Friday to its highest level of 2006. In fact, the confidence of consumers hasn’t been higher since November of 2004. At 121.0, the...
Read Full Story. . .
October 24, 2006
Dow Hits New High
By Matt Margolis at
04:33 AM
Move along Democrats, nothing to see here. Wall Street extended its October rally Monday as investors grew more confident about upcoming earnings reports and as a decline in oil bolstered hopes for higher consumer spending. The Dow Jones industrials crossed 12,100 for the first time and reached a new record...
Read Full Story. . .
October 11, 2006
Federal Deficit Lowest In Four Years...
By Matt Margolis at
01:24 PM
Thus proving -- once again -- that the tax cuts are working, and they do not cause deficits.The federal budget deficit, helped by a gusher of tax revenues, fell to $247.7 billion in 2006, the smallest amount of red ink in four years. The deficit for the budget year that...
Read Full Story. . .
October 10, 2006
Bush's Tax Cuts Created 6.6 Million Jobs
By Matt Margolis at
03:37 PM
The Wall Street Journal explains recent economic developments, including recent upward revisions of jobs numbers that put the number of jobs created by the Bush tax cuts at 6.6 million. Yet, for some reason, Nancy Pelosi promises that if she becomes Speaker of the House, those very tax cuts will...
Read Full Story. . .
October 07, 2006
FY 2006 Deficit: $260 Billion
By Mark Noonan at
02:34 AM
Jonathan over at GOP Bloggers has the details - one small thing I'll note here is that the deficit is 2% of GDP, well below the 40 year average of 2.7% of GDP. We here at Blogs for Bush continue to blame the tax cuts....
Read Full Story. . .
October 06, 2006
Unemployement Falls to 4.6%
By Mark Noonan at
02:11 PM
So says the Bureau of Labor Statistics (PDF). It also notes that average hourly earnings rose from $16.80 to $16.84 - while over the past year hourly and weekly earnings have increased by 4%. Not bad, if you ask me. As I've said before, the Democrats are living in an...
Read Full Story. . .
October 04, 2006
Bush Tax Cuts Cause Yet More Problems...
By Mark Noonan at
12:33 AM
...for Democrats hoping to fool Americans in to voting for them: The Dow Jones industrial average finally reached new heights Tuesday, extending Wall Street’s seven-year recovery with a record closing level after climbing into uncharted territory in trading earlier in the day. The index of 30 blue chip stocks ended...
Read Full Story. . .
September 28, 2006
The Economy Sucks...
By Matt Margolis at
03:20 PM
...for Democrats... Initial jobless claims fell by 6,000 last week... The Dow hit its all time high this morning... Hispanic unemployment is also down... The pro-growth policies of President Bush and the Republican Party are working. No wonder why Democrats have nothing to run on this year....
Read Full Story. . .
September 27, 2006
More Bad News for Democrats
By Mark Noonan at
01:26 AM
I suspect that over at DU and Daily Kos they are still referring to polls from midsummer and thus they still have visions of Speaker Pelosi and impeachment hearings in their heads...but its things like this which will provide a rude awakening for them in November: NEW YORK (AP) -...
Read Full Story. . .
September 20, 2006
Time for Another Round of Tax Cuts
By Mark Noonan at
05:12 PM
This is both good and bad news: WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday. Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of...
Read Full Story. . .
September 14, 2006
Tax Cuts Are Good For The Deficit
By Matt Margolis at
03:46 AM
The Democrats are wrong again... Increased federal revenues resulted in the deficit being down 14.1% "below the pace of last year." Make no mistake about it, tax cuts work....
Read Full Story. . .
September 13, 2006
How is the Economy?
By Mark Noonan at
05:50 AM
Larry Kudlow over at Real Clear Politics paints the picture: Osama bin Laden threatened to bankrupt the United States. And, as recently as two days ago, al Qaeda's deputy leader al-Zawahiri said he was going to force our economic collapse. Well, reality presents a far different picture. The U.S. and...
Read Full Story. . .
September 07, 2006
Global Economic Forecast Predicts Solid Growth in U.S.
By Matt Margolis at
12:22 PM
More good news that Democrats will ignore...Europe's strong economic upturn is likely to lose some momentum late this year, but growth could pick up in the U.S. and Japan, according to the Organization for Economic Cooperation and Development. In its interim assessment of the outlook for the world's biggest industrialized...
Read Full Story. . .
September 05, 2006
How About That...
By Matt Margolis at
09:27 AM
So much for the Democrats' claims that Bush's tax cuts were for the rich. According to this article at OpinionJournal.com, "the Bush years compare very well by tax and income equality to the sainted Clinton era." ...[T]he new data show that the bottom 50% of Americans in income--U.S. households with...
Read Full Story. . .
September 01, 2006
Unemployment Dips To 4.7%
By Matt Margolis at
09:01 AM
Disappointing Democrats everywhere. UPDATE: Economic highlights from the Bureau of Labor Statistics: Non-farm payroll employment increased by 128,000 in August. In the past 36 consecutive months with payroll job gains, over 5.7 million new jobs have been created. Over the year ending in August, 1.7 million new payroll jobs have...
Read Full Story. . .
August 30, 2006
The New York Times Misleads About The Economy
By Matt Margolis at
01:37 PM
Nathan Goulding, writing at NRO's Media Blog, explains how the New York Times misleads its readers on the state of the economy in a recent editorial. Goulding concludes that "[g]iven the amount of digging the NYT must have had to do in order to paint a bad picture of the...
Read Full Story. . .
August 06, 2006
Deficit at Lowest Level in Four Years
By Mark Noonan at
10:03 PM
Read it and weep, liberals: The federal deficit will register $260 billion this year, the lowest in four years, reflecting a strong economy and resulting growth in tax revenue, congressional analysts said Friday. The estimate by the nonpartisan Congressional Budget Office is well below its earlier predictions and also below...
Read Full Story. . .
August 02, 2006
College Grads Stuck In The Nest?
By Matt Margolis at
07:02 PM
I discovered this story this morning, which reports that experts claim "between 48 and 66 percent of 2006 college grads are planning to shoot back home this year." Reading a story like this would make someone believe that kids returning to the nest post-graduation is some new epidemic which naturally...
Read Full Story. . .
July 29, 2006
Do the Democrats Want to Raise the Minimum Wage?
By Mark Noonan at
09:48 AM
Details over at GOP Bloggers....
Read Full Story. . .
Do the Democrats Want to Raise the Minimum Wage?
By Mark Noonan at
09:48 AM
Details over at GOP Bloggers....
Read Full Story. . .
July 25, 2006
Democrats Clueless About The Economy
By Matt Margolis at
08:54 AM
Low unemployment, a shrinking deficit, increased tax revenues, higher profits, record homeownership, increased worker confidence... According to Democrats like Hillary Clinton, these are examples of "President Bush and the Republicans of making a mess of the economy." UPDATE: Need more proof that the Democrats have no idea what they're talking...
Read Full Story. . .
July 12, 2006
Bush's Tax Cuts Helped Produce A "Record Flood Of Tax Revenues."
By Matt Margolis at
04:23 PM
Of course, we already knew this, but an editorial in The Wall Street Journal today explains how. The real news, and where the policy credit belongs, is with the 2003 tax cuts. They've succeeded even beyond Art Laffer's dreams, if that's possible. In the nine quarters preceding that cut on...
Read Full Story. . .
President Bush talked about the economy yesterday, and there were plenty of good things to say about it... the federal deficit is being cut faster than expected, and should be cut in half by 2009. We've seen 18 quarters of growth. To put it simply, "The tax cuts we passed...
Read Full Story. . .
July 08, 2006
Tax Revenues Up... Budget Deficit Down
By Matt Margolis at
01:00 PM
More proof of the benefits of the Bush economy...An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief. On Tuesday, White House...
Read Full Story. . .
July 07, 2006
The Bush Economic Boom Creates 5.4 Million Jobs
By Matt Margolis at
01:25 PM
With 121,000 jobs created last month, the Bush economic boom has created 5.4 million jobs since August 2003. Nearly two million jobs have been created over the past 12 months, and the unemployment rate is 4.6 percent, which is lower than the average unemployment rate of the 1960s, 1970s, 1980s,...
Read Full Story. . .
June 29, 2006
Economy Grows At 5.6% First Quarter
By Matt Margolis at
10:09 AM
The economy grew at a 5.6% annual rate in the first quarter... I agree with Jonathan over at GOP Bloggers, "Let's hope that the new team of Hank Paulson and Tony Snow can begin to garner credit for their boss for his fabulously successful stewardship of the American economy."...
Read Full Story. . .
Unload Your Oil Futures
By Mark Noonan at
05:43 AM
If you have any - at least, that is what I get from Larry Kudlow: Recently I interviewed four oil-tanker executives who control a combined 85 percent of the oil coming into the United States. They confirmed market rumors that the amount of oil being stored on large carriers on...
Read Full Story. . .
June 20, 2006
It's A Tough Job, But Bush Has Done It
By Matt Margolis at
04:52 PM
Great piece from Rich Lowry over at National Review. Who says you can’t cut taxes, increase spending, and reduce the federal budget deficit all at the same time? That’s what the Bush administration has managed to do. Two decades after then-presidential candidate George H.W. Bush characterized Ronald Reagan’s idea that...
Read Full Story. . .
June 14, 2006
President Bush's Successful Deficit Reduction
By Mark Noonan at
07:28 AM
Yet another "read it and weep, liberals" piece: Aided by surging tax receipts, President Bush may make good on his pledge to cut the deficit in half in 2006 — three years early. Tax revenues are running $176 billion, or 12.9%, over last year, the Treasury Department said Monday. The...
Read Full Story. . .
June 09, 2006
Economic Forecast
By Matt Margolis at
06:45 AM
Yesterday, the Bush Administration released an updated economic forecast "that shows continued robust economic growth and a strong labor market." Posted in the extended entry is from a joint press release of the Council of Economic Advisers, the Department of the Treasury, and the Office of Management and Budget, that...
Read Full Story. . .
June 06, 2006
When 4.6% Doesn't Equal 4.6%
By Matt Margolis at
12:12 PM
Blogger Don Surber notes how the AP has treated the low unemployment rate differently depending on who is President... HAT TIP: Right Wing News...
Read Full Story. . .
June 02, 2006
That's how many jobs have been created since August 2003. The unemployment has also fallen to 4.6%. UPDATE: Nancy Pelosi thinks that 33 consecutive months of job growth, 5.3 million new jobs, and an unemployment rate down to 4.6% is "the wrong direction."...
Read Full Story. . .
May 31, 2006
Paulson Expected To Be Confirmed Quickly
By Matt Margolis at
04:26 PM
According to TIME Magazine...Senators from both parties predicted quick confirmation for Paulson, who has deep expertise in China policy and since 2004 has been chairman of the Nature Conservancy, an environmental non-profit organization. Sen. Charles E. Schumer (D-N.Y.), who sits on the Senate Finance and Banking committees and talked to...
Read Full Story. . .
May 30, 2006
The 108-Year Old "Temporary" Tax
By Matt Margolis at
08:19 PM
Is anyone surprised that it took 108 years to kill a temporary federal excise tax meant to finance the Spanish-American War in 1898? At least the Bush administration is looking out for the taxpayer...The Spanish-American War was fought in 1898 and lasted less than eight months, but Americans still pay...
Read Full Story. . .
Manufacturing Profits Up
By Matt Margolis at
02:35 PM
Via the Wall Street Journal, "The Commerce Department reported this month that exports jumped 13.8% to $76.5 billion in March, compared with a year ago."...
Read Full Story. . .
May 26, 2006
Minorities Increase Share Of Second-Home Purchases In Growing U.S. Economy
By Matt Margolis at
06:33 PM
Via The Wall Street Journal...a new study on homeownership by the National Association of Realtors suggests that the benefits of recent economic growth have been more widespread than critics want to admit. We already knew that U.S. homeownership overall is at an all-time high of nearly 70%. The minority homeownership...
Read Full Story. . .
May 25, 2006
Bush Boom Continues
By Matt Margolis at
05:48 PM
GDP growth in the 1st quarter of 2006 was revised upward from the previous estimate of 4.8% to a "rapid" 5.3%. Details here....
Read Full Story. . .
May 24, 2006
Worker Confidence Up As Hiring Rises
By Matt Margolis at
07:48 AM
More great news about the economy. Employees are feeling more confident about the labor market and their own job security as hiring picks up in a number of industries. Mounting research shows employees are cautiously optimistic as salary freezes thaw and companies play tug-of-war over skilled job candidates. Workers reported...
Read Full Story. . .
