I Will Continue to Continue, to Pretend.... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : I Will Continue to Continue, to Pretend....

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sully- who wrote (11064)	6/29/2006 5:08:59 PM
From: Sully-	Read Replies (50) of 35834

Hooverville Bush Economy Continues To Impress By Captain Ed on National Politics Captain's Quarters Although the national media has not covered it in any depth whatsoever, the Bush economy has turned into one of the strongest booms in the last several years. Despite predictions that it had run its course, the opening quarter of this year shows that we continue to expand at a phenomenal rate of 5.6%: <<< The economy sprang out of a year-end rut and zipped ahead in the opening quarter of this year at a 5.6 percent pace, the fastest in 2 1/2 years and even stronger than previously thought. The new snapshot of gross domestic product for the January-to-March period exceeded the 5.3 percent growth rate estimated a month ago, the Commerce Department reported Thursday. The upgraded reading — based on more complete information — matched economists' forecasts. The stronger GDP figure mostly reflected an improvement in the country's trade deficit, which was much less of a drag than previously estimated. >>> The economy does not get much press in a Republican administration unless the news is bad. That isn't just the fault of the media, but also of the people who run communications at the Treasury and the White House. One of the reasons that John Snow had been rumored to be on his way out for so long was the lack of attention given to the four years of economic expansion under George Bush. Apparently, this trend still continues. One might expect that a better-than-expected trade deficit might get some attention, especially considering the controversies drummed up by political opponents over outsourcing. Again, the improvement will probably escape the notice of the media, due to the lack of bad news. Cheer up. though, because analysts believe the Q2 figure will drop to around 3%. We can then expect headlines screaming that growth fell by almost half between the two quarters, with plenty of doomsayers to explain why the Bush tax policies are to blame. At that point, they will have to report that Q1 showed such excellent economic strength and hope that viewers and readers can't connect the dots. captainsquartersblog.com news.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next