by Jeff Thredgold, CSP

The “dismal science” of economics typically focuses on “bad” news. We clearly face significant challenges…no argument here. However, there are also many favorable developments taking place within the U.S. economy. This article focuses ONLY on the “good” news…

• The middle and lower-middle class had stronger income gains in 2007 than did the top one-fifth of households.
• For every dollar of U.S. economic output generated today, we burn less than half as much oil as 30 years ago.
• The number of illegal immigrants in the U.S. declined by an estimated 1.3 million (to 11.2 million) between August 2007 and May 2008. Stronger enforcement and fewer job opportunities contributed to the decline.

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