February 3, 2007

Running Bulls

We have a strong economy. The credit for this strong economy goto George W. and his administration which has worked to fix the high spending from early in his term. Ever since the tax cuts in 2003, our nation has seen 42 months of consecutive job growth and strong increases in the stock market. As of closing today, Both the Dow Jones industrials and the Russell 2000 index of smaller companies closed at new highs with 12,673.68 and 807.77 respectively (the Russell 2000 hitting 800 for the first time ever on Wednesday). Standard & Poor's and the Nasdaq are also up with record highs.

All of these gains come during a very successful week which included a report from the federal reserve that boasted a solid economy and inflation in check. We are in good times friends.

What I am getting at is that we are living in a tremendously good time to be an American, and even moreso if you are invested in this economy. People are making more money, unemployment is at an all-time low and the future looks bright...as long as the Democrats don't screw it up.

We have people like Hillary and John Edwards who want a $120 billion national health care system, and plan to pay for it with increased taxes to everyone. We have Nancy Pelosi who loves raising taxes so that she can go forward with endless social programs. The one thing we do not need right now is an increase in taxes. This will only hurt our economy and take money AWAY from us, the people. As far as I'm concerned, we have done a damn good job with the nations money when it's given back to us.

All in all, people are making money and spending how they see fit which is creating a strong nation economically. I pray that our new congress does not turn it around (and blame it on conservatives).


By the way, our strong economy has also helped out internationally:
  • Japan's Nikkei stock average closed up 0.78 percent
  • Britain's FTSE 100 finished up 1.28 percent
  • Germany's DAX index closed up 0.92 percent
  • France's CAC-40 rose 0.96 percent.

posted by Carl Soderberg at 12:09 AM

0 Comments:

Post a Comment

<< Home

Headlines

  • Brr! Where did Global Warming Go?
  • Clinton and Obama locked in New Hampshire
  • Bhutto's Party to seek probe into her death
  • Supreme Court to re-examine Capital Punishment by Lethal Injection
  • Huckabee's Tax Plan raises eyebrows
      • Support RFAR!

    News & Opinion

    • BlackFive.net
    • Blogs of War
    • Pat Buchanan
    • Ann Coulter
    • CNN
    • Cox & Forkum
    • Drudge Report
    • Fox News
    • Google News
    • Hot Air
    • Instapundit
    • John Cox Art
    • Little Green Football's
    • Michelle Malkin
    • WSJ Opinion Journal
    • Politico
    • Real Clear Politics
    • Red State
    • Townhall
    • Weekly Standard

    Previous Posts

    • "Right for a Reason" Hits the Live Airwaves
    • What Our Enemies Think of Us
    • Check it Out
    • An Interesting Week Off
    • The Democrats take control of Congress and...
    • New Year Resolution
    • Islamic Propaganda Exposed
    • The High and Mighty Media
    • Baghdad: A Warzone?
    • Sammy "Burglar" Berger

      Translate RFAR Into:

      Subscribe to
      Posts [Atom]