November 25, 2003
It's the Economy, Stupid?

I've maintained all along that Bush is vulnerable as long as the economy is wobbly and Iraq keeps exploding in new and creative ways. I believe the converse is also true... if the economy turns around and Iraq stabilizes the dems could run Jesus Christ himself and only carry California. Well, looks like its time for the yellow-dog section of the peanut gallery to start getting religion:

The U.S. economy grew in the third quarter at an even faster pace than originally reported, the government said Tuesday.

Gross domestic product (GDP), the broadest measure of economic activity, grew at an 8.2 percent annual rate, the fastest pace since the first quarter of 1984.

Claims of political bias in the GDP measurements (which were merrily being used by the opposition six months ago when the news was bad) in 3... 2... 1...

This is, of course, unsustainable. If fourth quarter growth is even close to this figure the fed will yank interests rates up in a hurry. Which they should. Nobody wants to go back to a wage-price spiral.

Posted by scott at November 25, 2003 01:30 PM

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The Democrats would never run Christ. He's pro-life.

Posted by: Francis W. Porretto on November 25, 2003 04:43 PM
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