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!

2 thoughts on “

  1. Amazingly, a German reporter documents how much better the American economic model is over the European model. 
    That is amazing–not that the American model is superior (that’s pretty obvious), but that a German is willing to admit it.

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  2. I’m still interested in seeing the IRS eliminated, personally. I think eliminating that alone would make a significant dent in the budget defecit given the amount of money it takes to fuel. That and cutting pork-barrel spending and unnecessary spending (read: socialism). but Mr. Kudlow definitely recognizes a good change when he sees it.

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