But Keep Your Fingers Crossed
Stocks were up big on Wednesday, probably because the Fed’s report today on 3Q economic growth is going to be a good one. (I heard rumors on one of the news channel that the annual growth rate last quarter might have been as high as 6.1%. That’s smokin’.)
All I can say is, it’s about damn time.
We’ve had needed tax stimulus, not-so-needed (ahem) spending increases in Washington, and interest rates at near-historic lows. Offically, the recession ended two years ago, so maybe, finally, we’ll start seeing some real job growth.
And when I say “it’s about time,” I’m not harshing Bush, Congress, the Fed, or anyone else. We had the heart ripped out of Manhattan two years ago and we’ve been at war ever since — so the fact that things have been relatively good is a sign of the resiliance of the American economy, and the American people.
“It’s about time” is for all those folks who have gone far too long without finding a job.
“The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. ”
Now THAT’S smoking.
7.2.. and the corner retires the krugman cat index!!!!
hooah… bush rice 04!
Isn’t this bad because it will respark inflation, and therefore Dubya and BFEE/BushCo have really brought back the worst possible blight on economies since the late 1970s and further proves the inability of Dubya to govern?
Just wondering….
well that’s a new one dean. if the growth is slow all the lefties fall all over themselves complaining about how AWFUL the economy is. now that it’s not only growing, but growing rapidly, you want to fall all over yourself about how bad THAT is?
Sure.
(I was being sarcastic, btw. Sorry for not including the tag.)
Along the lines of Stephen’s contest of DUBYA pushed Al-Qaeda into the arms of the Iraqis (or vice versa), I fully expect to see Left commentators also arguing that Dubya pushed North Korea and Iran into cahoots.
And, yes, if the economy really DOES take off, I fully expect to hear about why this is bad (my guess being the inflationary line).
At John Cole’s one fellow has already said that, in this recovery, the jobs aren’t as good because the employers aren’t offering as good a set of benefits. I kid you not.