DOW soars 400+ points; biggest gain in 5 yrs.

Stocks Boom on Fed's Bank Booster.

The Fed promised a $200 billion booster shot for ailing markets — and Wall Street answered with its biggest bounce in more than five years.

The Dow Jones industrials shot up more than 416 points, the biggest single-day point gain since July 2002, after the Federal Reserve announced a $200+ billion booster shot for ailing markets This was part of a worldwide effort to help struggling banks and mortgage providers. The Fed worked in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank.

The idea is to create a market for assets that investors have recently been too scared to buy. That freeze in demand had sent asset values plunging and caused huge losses for some of the world's biggest banks.

Stocks overseas rebounded, as well, but that's not all - we're a long way from a recession, and here's why:

HISTORICALLY, CONSISTENTLY LOW UNEMPLOYMENT RATES
(95+ percent employed).

JOB GROWTH FOLLOWED TAX CUTS
NET WORTH UP; HOME OWNERSHIP UP; INVESTMENT ASSETS UP















TREASURY REVENUES AT RECORD LEVELS (tax cuts work - every time)

DECADES OF STRONG, SUSTAINED ECONOMIC GROWTH
(cc: clinton & obama)














DECLINING FEDERAL DEBT

BALANCED BUDGET PREDICTED IN 4 (!) YEARS














And now, the bad news: Americans are not under taxed.















HEALTH CARE COSTS OUTPACED GDP GROWTH
(a whole 'nuther post for this one)

THAT MEANS ENTITLEMENTS
ARE SWAMPING THE FED. BUDGET
(not the war)










In short, Are things perfect? Heck, no. Will they get worse? I don't know. But the Fed is doing what it was designed to do: manage a climate conducive to favorable economic conditions. But the govt. needs to keep out of the way of adult people managing their adult lives which result in adult consequences or adult rewards.
Keep in mind there is a world of difference between providing for the general welfare & providing welfare. A govt. that gives you an education, or a job, or health care, or a retirement can take it away. And government taxation is vastly different than private charity.

The conservative view of economic liberty means opportunity & freedom - freedom to fail as well as succeed. There are no guarantees. Just remember that (and the economic visuals from this post) next time some democratic socialist demagogues on & on about 'two Americas, universal care or the worst economy in 50 years.' Because, if the whitehouse goes to the democratic socialists, I can garuantee that this it what you'll see.

A big TY goes out to the Gateway Pundit for inspiration.