Understanding The US Economy

EVERY ECONOMIC POSITIVE IN MODERN AMERICA CAME FROM THREE CONSERVATIVE BREAKTHROUGHS Temporary Pull backs in Expanding US Government Government Expansion Booms - 5 years or more Of 3%+ GDP Growth Blah-occasional 3% GDP growth* Bust - 5 years or more under 3%* "Our primary Huge income tax cut "Paycheck" challenge is not Spending control +$,11,782 how to divide the Median income economic pie, but how to enlarge it!" "Paycheck" -$690 Median income Huge income tax cut Huge regulation cuts Spending control "Government isn't "Paycheck" +$5,922 the solution to Median income our problems. It is the problem!" "Paycheck" -$2,559 Median income "Paycheck "The Era of Big Welfare reform +$6,864 Median income Government is Spending control over!" Federal workforce cut GOP Capital gains tax cut (+ small income tax increase) CONGRESS "Paycheck" -$1,095 Median income Beginning under GW Bush, and then greatly accelerating under Barack Obama, " the era of big government" is back in an unprecedented way. "Paycheck" -$3,792 Median income And the last 7 years have seen the longest period of economic stagnation in US history! * Two year trailing average of GDP (allows for slight lag in income response) Median income in constant 2012 dollars 7 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82