Thompson Keeps on Bloggin'
by Ryan Sager
Tue, 7 Aug 2007 at 3:16 PM
updated Tue, 7 Aug 2007 at 3:31 PM
Fred Thompson takes to his campaign blog today to extol the virtues of the Bush economy:
Lower tax rates have increased economic growth to such a degree that we have been breaking tax-revenue records.
Since the spring of 2003, the economy has had average growth of over 3%, 8.2 million jobs have been created, and the inflation rate has stayed low. The current unemployment rate, 4.6%, is a full percentage point below what it averaged during the 1990s, and there have been 47 consecutive months (almost four years) of job growth. In the last three years, workers' salaries have risen by $1.2 trillion, or $8,000 per worker, and consumer confidence recently reached its highest level in almost six years.
...
No matter how you slice this story, this economic record is one we should be proud of. But America should not rest on these accomplishments, or abandon fiscal restraint and other commonsense principles like fighting inflation and keeping regulation to a minimum. Our economy looks great right now, but a rosy outlook isn't going to pay the bills or ensure a strong economy.
We need to make sure that America remains the most innovative economy in the world and the best place to invest, start a business, and create jobs.
No policy prescriptions yet.
Related Topics: GOP Primary
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