Tuesday, August 31, 2010

Economy Ticks Up in July. Guess Why?

The national economy had a slight increase in July. The reason is buried about halfway through the article - we earned a little more in July. Isn't it amazing that if you leave more of people's money in their own hands they are capable of figuring out a way to intelligently spend it? The corollary is that if the tax cuts of 2001 aren't reauthorized - as the Democrats say they won't be - and more money is taken out of people's pockets, we can reasonably expect the economy to bog down further in the mud. So what's the best policy? How come if you and I can figure this out the rocket scientists in DC can't? Another agenda perhaps? November 8 is rapidly approaching - think about it.

www.oregonlive.com/business/index.ssf/2010/08/americans_spend_a_bit_more_as.html

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