Lawrence of America on The Bush Boom

Larry Kudlow has some more positive words about the Bush economy.

The economy is on a tear. You might not know this from the MSM coverage, but they may have a built-in bias to discredit George W. Bush. Especially since some of the big media outlets like the New York Times have come around at least somewhat on the President’s freedom and democracy revolution in the Middle East.

Since May 2003, not coincidentally the time of Bush’s tax cuts on personal income, dividends, and capital gains, the economy has generated 3 million new jobs. Using the household survey, 2.6 million more people have been employed since the tax cut. The unemployment rate has dropped to 5.4 percent from 6.3 percent. Weekly unemployment claims have fallen to 300,700, the lowest since late 2000.

Incidentally, Greenspan yesterday again supported Bush's tax cuts and supports the complete elimination of the double taxation of dividends. Based on the economic growth since the dividend tax reduction in 2003, it's easy to see why.