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December 30, 2003

Strong Economy Seen in 2004

bushboombook.bmpThe latest economic forecast is good news for President Bush, bad news for the Democrats who hoped the economy would remain sluggish in order to make it easier to oust Bush from the White House. I blame the Bush tax cuts.

The US economy is poised for its best performance in five years. Economists describe an economy that will be "solid," "sustainable," and "entering the new year with a wonderful head of steam."

If the optimistic forecasts are accurate, it will mean more Americans find jobs in 2004 - something that has been more difficult this year. A stronger economy could also help lower the federal budget deficit, as government coffers grow from stronger tax collections and fewer unemployment payments. Altogether, it could help President Bush in his reelection bid.

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Comments

This is the usual simplistic Bad guys versus Good guys. The economy consists also of JOBS...now address that issue for those who have lost decent jobs and will do crap work at half the pay and little or no benefits, or those guys who have lost jobs that have gone overseas....Yes, if you have oddles in stock market, the economy swings. If you have no job and none in the forseeable future it sucks...Now decide how to vote.

Posted by: freddie at January 1, 2004 1:29 PM

Freddie misses the point methinks. We have lost jobs, but not necessarily to overseas. Latest reports are that China has also lost jobs. It happens with increased productivity. Fewer hands making more goods. Simple fact of life freddie, get it?

Posted by: gmroper at January 1, 2004 2:06 PM
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