WASHINGTON (AP) – “The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence.
The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States.”
By JEANNINE AVERSA
Not since the first quarter of 1984 have we seen such a huge jump in our economy. President Reagan cut taxes two years prior to the 1984 jump. President Bush also cut taxes two years ago. This is not a coincidence. This tax cutting method has worked throughout history. But why have we seen such a strong resentment to tax cuts from the democratic side of the government? Why have the news agencies also posted such articles about how our children’s children will be paying for the “deficit”? I personally do not stay up all night worrying about the deficit because the deficit will take care of it’s self by creating more jobs for more taxpayers. I say that they should look at histories and not at the politicians for statements about the economy. The jobs will start coming soon as this is a lagging indicator. You will also see news articles about the poor job market soon if not already. Things are looking up! As a business owner, this news is huge!
Thanks to all who have stopped by and/or prayed for me. I rely heavily on this family of ours.
posted by Tera @ 12:14 PM
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