Good news for the New Year . . .
Larry Kudlow has an interesting column on www.townhall.com. With regards to the unemployment rate, Mr. Kudlow reports (for 2004) “Outside of the bubble economy of the late 1990s, this would mark the lowest unemployment rate since 1973.”
He also predicts “. . . at 5 percent or lower unemployment, the 4 percent growth rate of the economy will spur a flood of new individual tax collections at lower tax rates. Hence, another economic surprise of 2005 will be a pronounced decline in the federal budget deficit. “
Good news indeed for those of us responsible for providing for our families. Good news for our much-maligned-by-the-left president. If you’d like to read the complete article, click over to http://www.townhall.com/columnists/larrykudlow/lk20050109.shtml. For some equally encouraging prose, check this out, too: http://www.thbookservice.com/BookPage.asp?prod_cd=c6579. Amazingly, a German reporter documents how much better the American economic model is over the European model. I’m not usually interested in this type of writing, but I’d really like to read this book!