Most in the mainstream media would rather tout the faults of American capitalism than sing its praises
says Lawrence Kudlow in his story “The big-bang story of U.S. private business,” which he says is not reported in the newspapers. No, it isn’t, as far as I can see. Take Chi Trib, with its recent account of POVERTY IN THE SUBURBS and other horrendous things that happen under capitalism.
Did you know that just over the past 11 quarters, dating back to the June 2003 Bush tax cuts, America has increased the size of its entire economy by 20 percent? In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy, and much larger than the total economic size of nations like India, Mexico, Ireland and Belgium.
Funny, I did not know that. Maybe this morning’s Trib, which was not delivered as usual, has it in hard copy, but I doubt it.