In his latest column, Fred Thompson argues that Bush’s economic policies are superior to those of Bill Clinton’s. Seriously.
Economist Larry Kudlow calls today’s American economy, “the greatest story never told.” If you’re generally predisposed to not support tax cuts and economic growth, you’re probably satisfied that the U.S. economy isn’t bragged on more. But you’d also be out of step with Americans [sic] traditional optimism, and out of step with reality, too. […]
Since the spring of 2003, the economy has had average growth of over 3%, 8.2 million jobs have been created, and the inflation rate has stayed low. The current unemployment rate, 4.6%, is a full percentage point below what it averaged during the 1990s, and there have been 47 consecutive months (almost four years) of job growth. In the last three years, workers’ salaries have risen by $1.2 trillion, or $8,000 per worker, and consumer confidence recently reached its highest level in almost six years.
A couple of weeks ago, actor/senator/lobbyist Fred Thompson, a leading GOP presidential contender despite not having launched a campaign, lost his campaign manager, research director, and spokesperson in the course of a couple of days.
Apparently, Thompson fired his economic advisor, too, because his argument is completely ridiculous.