Psst! The Economy’s Booming. But I Don’t Believe It.
Have you ever noticed that after more than 3 years of strong economic expansion, liberals are still surprised that the U.S. economy is doing so well? Case in point, here’s the first sentence in an article written by Edmund L. Andrews in the New York Times about increased tax revenues:
An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.
When a Republican is in the White House why is good economic news always unexpected? And why must some negative about Iraq seemingly make it’s way into every story?
In keeping true to the paper’s decidedly liberal opinion-dressed-as-news-story it continues:
One reason the run-up in taxes looks good is because the past five years looked so bad. Revenues are up, but they have lagged well behind economic growth.
The surge could also evaporate as quickly as it appeared. Over the past decade, tax revenues have become much more volatile, alternately soaring and plunging in the wake of swings in the stock market and repeatedly defying government projections.
Ya just gotta love those guys at the Times. “Even if the economy’s doing well right now, it’s not really doing well right now. Oh well, the truth is so inconvenient at times, isn’t it?
Powerline has much more on this.
Posted by Falcon
July 9th, 2006 at 5:41 am
It must have killed them to even admit the deficit is going down due to the current economic policies in place.
July 9th, 2006 at 10:13 am
And the tax cuts. . .
Slimes is probably upset because the government coffers would have been booming without those tax cuts to the rich, you know.