Commentary by H.G. Listiak
Economy Could Be Recovering
Welcome to my world, where the other day I found a good news, economic news article, buried so deep in the paper you had to pump light to it, very well hidden in the liberal press. It's good news for Americans, but maybe not so good for the Bush bashing liberal candidates, who, if they are not carping about the war, they are griping about the economy, that they say is going to tank under the Bush Administration. They point to the recession, terrorism, a falling stock market, and corporate scandals, but they turn their backs on the latest economic numbers that could indicate the economy is about to recover. The National Association For Business Economics is painting a much brighter picture than we are getting from the campaign stumps. They say the gross domestic product, our total output of goods and services, will increase at an annual rate of 4.5% during the current quarter, and it'll continue to grow at a 4% pace in the final 3 months of the year. This would mark the economy's strongest, most vital, back to back growth rates since before the Bush Administration in 1999. They also report that job layoffs, which continued through last month, may be coming to an end as the growth moves up to levels that will prompt companies to actually re-hire laid off workers. The head of the association says the U.S. economy appears to have hoisted it's sails. Here's hoping there's not a leak in the boat. After living through the paper years of Clinton-omics, I'm not all that impressed with numbers, but at least it's some encouraging news for Americans. But news that the left side of our political fence will be loathe to enjoy, as I see it ... I'm H.G. Listiak.