Let's Talk Economy

For some odd reason, many Americans believe that the economy in this country is a mess. They believe that George W. Bush has screwed everything up and we were much better off 10 years ago financially. Amazing what the media can accomplish, huh?

The facts: Unemployment is at an all-time low of 4.5%. More Americans are owning homes than ever before and mortgage rates are at a low 6.5%, compared to 18% of years past. Business profits are the highest they've ever been, contributing to the low unemployment rate and higher earnings. People are own more "perks" such as TV's, video games, sound systems and IPod's than ever before.

Our growth is under control and steadily climbing. There hasn't been a better time to invest in our market. Since the Tax Cuts in 2003, job growth has been on a constant increase, creating 8.2 million new jobs here in the US since August 2003 (132,000 new jobs in June 2007 alone). Americans, on average, are taking home an extra $3,000 every year because of the tax cuts...contributing to the increase in spending on "perks."

I know people are going to point to the deficit, which is what they did during the Reagan era. What people forget is that you need to spend money to make money. For every dollar that Reagan went into debt on the deficit, the American citizen made 12 fold. Bush is seeing similar trends, if not better. By the way, did you know that George W. Bush is the only President who has earned an MBA degree?

Our economy is stronger than ever, and it is making us highly competitive in the global market. Yes, gas is $3 a gallon, but compare that to $8+ per gallon in England/Europe. I think this trend of negativity when it comes to our economy is just a sign of ungratefulness among our population and shows how many people take this country for granted.