corneliuspeaks

Despite the housing collapse and credit crunch, the strength and resiliency of the Bush economy is astounding. I use no annotation but the following facts are easily Googled. The following data is reported by various agencies, not someone’s opinion:
· Unemployment, steady for the last three months, is a historic low 4.7%.
· Jobs growth - 94,000 in October following 110,000 in September
· The longest period of uninterrupted job growth on record - 51 straight months
· Real wages up 3.6 percent.
· Since 2001 real after-tax per capita personal income has risen by 12%.
· The Gross Domestic Product soared 4.9% in October.
· The longest economic expansion in history - 109 months in a row.
· Interest rates are at historic lows and they are likely to be lowered again today.
· November retail sales were up 3.5%.
· Internet sales up 12.5%.
· Despite (or because of) Bush tax cuts, growth contributed to a 6.7 percent rise in tax receipts in FY07, following an increase of 11.8 percent in FY06.
· The Dow is up a healthy 9%, the NASDAQ up 13% and the S&P up 6% this year.
· Exports in September 2007 were 13.6 percent higher than exports in September 2006 shrinking the trade deficit for the first time in 31 years.
· The National Realtors Association reports that both new and existing home sales are up this month.