Here’s a summary:
- Unemployment down to 4.4%.
- 92,000 new jobs created in October.
- 470,000 new jobs over the last three months.
- Our economy has now added jobs for 38 straight months.
- Real, after-tax income has risen by 9.8% in the last six years. That’s $2,660, on average, that’s staying in the pocket of every single American rather than going to the government in taxes.
If Democrats get into office will raise taxes. That is a fact, and the result of those tax hikes will be less money left in the pockets of Americans. And if Americans have less money in their pockets, they’ll spend less money in the economy. That means slower economic growth and rising unemployment.
If you want America’s economic growth to stagnate, then by all means vote Democrat and watch your taxes soar and spendable income decrease.
On a related note, I think that $2,660 figure is interesting. Democrats and the liberal media talk a lot about the cost of the war in Iraq. Back in August the financial cost of the war in Iraq was calculated out at $1,075 per American. That’s less than half of the $2,660 additional dollars of their own money Americans have been allowed to keep under the Bush administration/Republican congress. So while the war in Iraq may be costing Americans money, the amount of money Americans have been allowed to keep is far more.