Friday, February 25, 2005

About The Economy, Stupid . . .

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Could it be that we are about to have a "Bush Boom?" GWB inherited a recession and then Sept. 11 made matters worse. But we also got the Bush tax cuts in that first term. Now all the job losses of the recession have been restored and unemployment is way down. According to today's report from the Bureau of Economic Analysis, real gross domestic product grew at 3.8% in the fourth quarter of 2004. That's a revision-- up from the 3.1% estimated last month. So GDP growth is at 4.4% for the year. That's the highest in five years. We haven't seen rates like this since the Reagan boom in the 1980s.

When do you think the old news media will pick up on this story?

Let us not hold our breath . . . .

4 Comments:

Anonymous Anonymous said...

Just like the Reagan boom it is being fueled by huge deficits. Republicans seem to have become the party of huge government and huge deficits. Kind of ironic. You do realize that at some point the party does come to an end and the bill has to be paid? Maybe that will be a good time to excuse yourself and head for the bathroom so that someone else can pay the tab. 

Posted by Anonymous

Friday, February 25, 2005 5:22:00 PM  
Anonymous Anonymous said...

Actually, tax revenue grew dramatically during the 7-year boom Reagan created. Exactly what "bill" had to be paid? This is just a Democrat excuse to raise taxes so they can fund the fabulously successful social welfare programs they cling to so desperately as the answer to all America's ills. 

Posted by The Hedgehog

Saturday, February 26, 2005 8:39:00 AM  
Anonymous Anonymous said...

Social welfare like the billions in aid that rich American farmers receive annually. I suppose when I see the value of the USD increase, a reinstatement of manufacturing jobs, and the trade deficit decrease I'll be more optimistic about the state of the economy.  

Posted by Anonymous

Saturday, February 26, 2005 9:32:00 PM  
Anonymous Anonymous said...

Social welfare like the billions in aid that rich American farmers receive annually. I suppose when I see the value of the USD increase, a reinstatement of manufacturing jobs, and the trade deficit decrease I'll be more optimistic about the state of the economy.  

Posted by Anonymous

Saturday, February 26, 2005 9:38:00 PM  

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