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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: denizen48 who wrote (516632)	12/28/2003 11:40:58 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 769670

This is hilarious - if this is indeed the outcome, Bush is out. But it will be a "banner year" (for government spending and unemployment) LOL, 2004 May Be Banner Year for U.S. Economy "The economy is off and running, and 2004 should be a very good year," said Mark Zandi, chief economist at Economy.com. That should be welcome news for President Bush and other incumbents who face voters next year. Many analysts believe the overall economy, as measured by gross domestic product, will expand next year by 4.6 percent or more, the biggest gain since 1984, when another Republican president, Ronald Reagan, was running for office. But analysts believe there will be much less improvement in unemployment as businesses concentrate on boosting productivity so they can expand output without hiring new workers. For that reason, the current jobless rate of 5.9 percent -- down from a high this summer of 6.4 percent -- is expected to still be around 5.7 percent when America votes next November. (in other words the 9 million people looking for high paying white collar jobs will still be working at McJobs) In addition to the boost from last year's tax cut and low interest rates, analysts are looking for economic strength from increased federal spending, which has soared in such areas as the war against terrorism. The federal budget deficit is projected to hit a record $500 billion in 2004. biz.yahoo.com