Wednesday, November 15, 2006

Economy roars, nation prospers

Dow: "In late afternoon trading, the Dow Jones industrial average rose 93.09, or 0.77 percent, to 12,224.97. Blue chips hit a trading high of 12,228.01, putting them on track to finish above the closing high of 12,176.54 reached Wednesday."

New high, followed by more good news:

"Inflation at the wholesale level plunged at a record pace in October, led by big declines in the price of gasoline and new cars.
Wholesale prices fell 1.6 percent last month, tying the record decline set in October 2001, the Labor Department reported Tuesday. It was the second consecutive big decrease, following a 1.3 percent fall in September.
"

How did this happen, despite 2 record setting hurricanes, record gas prices, and a war?
Tax cuts. Take the government out of the market, and the market grows.

2 comments:

Anonymous said...

Now enter the Democrats.

Daniel

Dyspraxic Fundamentalist said...

Tax cuts make sense.