According to the Media, Most Economic News is Bad News
November 8th, 2005 1:16 AM
Regardless of economic data, press accounts are typically negative and pessimistic.The economy has been growing at a very strong clip since October 2001. Real estate prices are at their highest levels in history, as are homeownership and Americans’ average net worth. Unemployment also is lower than the average during any of the past three decades. Yet Americans are very down, and one third even…
NY Times Flip-Flops on Tax Cuts This Weekend
November 6th, 2005 7:14 PM
For those of you who were confused, that was an article in today’s New York Times complaining about the lack of tax cuts in the two reform proposals offered by the president’s advisory panel last week. For those that missed it, Edmund L. Andrews wrote a piece this morning about the recommendations of this panel for future reforms to America’s tax code. In it, he appeared disappointed that there…