Article as seen on OpinionEditorials.com
June 18, 2004
A recent poll conducted by the Associated Press in early June showed that 57 percent of the respondents thought that the
United States had lost jobs this year. Would this inaccurate perception of our current economic state have more to do with
the misinformation being promoted by Senator Kerry's presidential campaign or that the main stream media has seemingly decided
that positive economic news is not worthy for air time during this election year?
Democrat campaign strategist Donna Brazile
recently stated that working people faced the worst American economy since the Great Depression. That's the same campaign
mantra used by presidential candidates, Mondale, Clinton, and now Kerry. Have these people ever heard about the futility in
beating a dead horse?
"Its going to be very difficult to sustain this argument," columnist George Will said in response.
"The economy has been growing for two-and-a-half years. Sooner or later, it seems to me, reality catches up to opinion." These
politicians must be hoping reality is only realized by the American public after the election as it did in the 1992.
American economy has produced an expanse of unparalleled growth not seen in twenty years that includes 10 consecutive quarters
of strong economic growth. Most economists agree the economic furor was ignited by the tax cuts promoted and adopted by president
Bush and that the burgeoning economic growth spurred by his lessened tax revenue burden on working families should maintain
positive activity well into the future.
A recent news release from the I.R.S. in April included a statement that reiterated
the obvious: "America has a choice: It can continue to grow the economy and create new jobs as the presidents policies are
doing, or it can raise taxes on American families and small businesses, hurting economic recovery and future job creation."
Still, some politicians dont seem to see any job growth in this recovery.
Senator Kerry mendaciously claims, "There
is not a single month of this administration that has seen the creation of a single manufacturing job." Really now?
Bureau of Labor Statistics (BLS) reports the economy has created 91,000 new manufacturing jobs since January of this year.
Senator Kerry is avoiding positive economic news he probably shouldn't come to North Carolina anytime soon. State corporate
income tax collections surged by nearly 40 percent in March, creating a year-to-date tax revenue collection surplus of 35.9
million dollars. How did this happen if the economy is dour and there are no jobs, Senator Kerry?
The tax cuts president
Bush passed put more money in the hands of working families who then spent that money, which fueled the current economic activity
and expansion. Higher sales of merchandise generates more revenue from sales tax and larger production orders for companies
to restock store warehouses. That drives up corporate profits which leads to the creation of more jobs, higher salaries, and
more corporate tax revenue.
Although North Carolina is but a microcosm of the American economy, it poignantly illuminates
the positive aspect of the economic recovery in which the unemployment rate dropped in 84 counties in April due mostly to
the creation of 34,000 payroll jobs, including manufacturing, during the first four months of the year.
advisor Tad Devine asserts the new jobs are menial, "because the quality of jobs that have been created are inferior to the
jobs that have been lost." Yet according to the BLS, management and professional jobs grew by 550,000 over the last year and
more than 70 percent of payroll jobs added in May paid more than the average hourly wage of $15.64.
More than 1.5 million
payroll jobs have been created during the last nine months. Ms. Brazile contends Americans arent, seeing any job growth in
their community. There is construction of new or expanding businesses taking place in almost every town and city in Richmond
Just during the month of April alone the seventeen states which embody the Southern region constituted almost
half of all new homes sold in the U.S. lifting current home ownership to an all-time high of 68.6 percent, meaning two-thirds
of Americans own their home.
Since one-third of Americans don't own a home, that news would generate a headline in
the mainstream media something along the lines of, 'President Bushs Policies Are Creating A Homeless Epidemic!'
decisive economic news becomes even more profound when you factor in a recent announcement from the Tax Foundation that of
the 133 million expected tax returns this year, 35.7 million will pay no federal income tax. The Tax Foundation announced,
"[Their] economists estimate that should the Bush plan be enacted, it would increase the number of tax filers with zero tax
liability by 3.8 million, to 39.5 million."
That would mean almost 4 million additional working families with no federal
tax burden who would have extra income to spend on goods and services to better benefit their families instead of hoping the
government will take care of their needs.
But that contradicts the assertions made by politicians such as Howard Dean
that tax cuts hurt America. He thinks the tax code needs to be restructured, "so that fairness is restored for working families
and so that ordinary middle-class Americans have a sense of hope again."
Maybe if the mainstream media would stop quelling
good economic news and promoting misinformation from the left, Americans would have a sense of hope again.
As the Bush
campaign says: 'Pessimism never created a job.'
But it does give liberals the leverage to raise your taxes.
Lee P Butler