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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (484591)11/1/2003 2:03:37 PM
From: Hope Praytochange  Read Replies (2) of 769670
 
For Democrats, Economy's Surge Poses Challenge
By DAVID LEONHARDT

...........

But with the economy having surged this past quarter they are suddenly confronting the possibility of a far less encouraging historical comparison: that the election year economy could be more like the one Ronald Reagan ran on in 1984, when the country was coming out of a long slump.

The rapid change in the outlook — underscored by figures released on Thursday showing the fastest quarterly economic growth since 1984 — is already forcing the Democratic presidential candidates to calibrate their attack on Mr. Bush's economic record in ways they did not have to just a week ago. It has also left them in danger of looking as though they are clinging to economic gloom.

Rather than simply decrying the economy's condition, the Democrats now say that one quarter of growth does not erase three years of sluggishness. The growth has not caused a rebound in the job market, they note, and large budget deficits loom for years.

"For there to be a genuine recovery, it's got to happen in more than economic statistics," Senator Joseph I. Lieberman, Democrat of Connecticut, and a presidential candidate, said on Thursday in Buffalo. "It's got to happen in the lives of America's middle class and those working hard to get into it."

nytimes.com
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