PELOSINOMICS

That’s the title for this IBD article, an article that takes a number of swipes at Pelosi’s rhetoric about the Bush economy. Make sure you read it all. Here’s my favorite section:

House Minority Leader Nancy Pelosi has been all over the place talking about what Democrats will do after they win Nov. 7. But it’s hard to take her seriously when she promises to “jump-start our economy and reform our economic policy…to address the needs of working families.”
Huh?
“Jump-start the economy”? That’s what President Bush did in 2003, when he pushed through bold, broad tax cuts to end a slump that began in 2000 under a Democratic administration. Since the cuts took effect, the economy has added $1.26 trillion in real output, $14.4 trillion in net wealth and 5.8 million new jobs, while productivity has grown 10% and business investment 24%. Since 2000, total consumer spending has risen $1 trillion, nearly $8,000 per household, after adjusting for inflation. The Dow Jones industrial average is hitting new highs.
Then there’s the budget deficit, which the Congressional Budget Office reckons will come in around $250 billion. By our calculations, that’s about 1.9% of total output. In early 2004, when Bush vowed to halve the shortfall, it stood at 3.6% of GDP.

Ms. Pelosi has made disparaging statements on everything Bush part of her daily babblings, whether it’s on Iraq, the other fronts on the GWOT or the economy. Her incessant whining is annoying and dishonest at best. She’s ignoring the facts listed above. She’s praying that dishonest talk will persuade more voters than do the facts.

Hoping that the American people are ignorant is a routine practice with Democrats. As you’ve noticed, it isn’t a productive strategy.