Boom, Boom, Boom, Boom
The Bush tax cut-fueled prosperity that none dare acknowledge soars ever higher:
When I think of how Bill Clinton macarenaed to a second term in 1996 on an economy growing not even half this robustly, and how presidential approval numbers are supposed to be welded to the GDP rate, and how George Bush's approval numbers would suggest the economic conditions of the late Hoover Administration (precisely what the Dems continue to claim, of course), I have one stock reaction: Why can't this man EVER toot his own horn for his own good? Why can't Dubya EVER get out there and take credit for an economy that is booming due almost entirely, quite unlike that of his predecessor, to his economic policies?
And for God's sake, why can't this President ever appoint a Treasury Secretary who actually believes in his economic policies? Was Steve Forbes out with the nervous complaint or something?
[h/t: CQ]
The economy sprang out of a year-end rut and zipped ahead in the opening quarter of this year at a 5.6% 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% 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.
When I think of how Bill Clinton macarenaed to a second term in 1996 on an economy growing not even half this robustly, and how presidential approval numbers are supposed to be welded to the GDP rate, and how George Bush's approval numbers would suggest the economic conditions of the late Hoover Administration (precisely what the Dems continue to claim, of course), I have one stock reaction: Why can't this man EVER toot his own horn for his own good? Why can't Dubya EVER get out there and take credit for an economy that is booming due almost entirely, quite unlike that of his predecessor, to his economic policies?
And for God's sake, why can't this President ever appoint a Treasury Secretary who actually believes in his economic policies? Was Steve Forbes out with the nervous complaint or something?
[h/t: CQ]
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