Sunday, September 05, 2004

 

Economy

James Glassman at TCS has a relistic appraisal of the current economy and the Democratic Party attack on it:

"To hear John Kerry tell it, America is mired today in the worst economy since the Great Depression. How dumb does he think voters are?

We just set a record for yearly production: a GDP of nearly $12 trillion, or $120,000 per family. As for what really counts, personal well-being: A record 69 percent of Americans own their own homes, and the account balance in the average 401(k) plan is $77,000, up 22 percent in three years..........................................."

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