Tuesday, July 06, 2004
Funniest Headline of the Year
Economy at Midyear on Track for Best Growth in Two Decades - from TBO.com
But if this year's growth ends up a bit faster than that, it will be the best since the economy roared ahead at a 7.2 percent rate in 1984, a year when another Republican president - Ronald Reagan - was running for re-election.Story quotes "many analysts" repeatedly, as in
"We are moving into a sweet spot for the economy with interest rates not too high, jobs coming back and business investment providing strength," said Diane Swonk, chief economist at Bank One in Chicago, who is predicting GDP growth of 4.8 percent this year.
However, many analysts anticipate the economy will generate around 200,000 jobs per month over the next six months, a pace that would be enough to erase his deficit figure by the end of the year. That would enable him to escape being the only president since Herbert Hoover in the Great Depression to have lost jobs while in office.Are these the analysts still in rehab or the ones being paid by the Rovians to say this nonsense? I guess what with the Kerry-Edwards announcement they figure no one's going to read this thing anyway.
Although the economy created only 112,000 jobs in June, after averaging 304,000 jobs for the previous three months, analysts expect strong job growth the rest of this year.
Though it may actually come true: now people can plan on a solid Kerry-Edwards administration with good Democratic fiscal management, and with luck, a senate and house to help back up their programs. So maybe they'll start hiring, and expanding, and all those good things in anticipation.
Good afternoon, folks. Here once again to spew propaganda at you. Painted today and will paint more later, but must get something to eat now.
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