One year from today...
On this day one year from now, the first Tuesday of November, we will be going to the polls to vote George W. Bush out of office! I am sure this will be the result, because I have enough faith in the American population that we will realize the harm he has done to our nation both domestically and abroad, and the harm he has inflicted upon our repuation within the global community.
While the war in Iraq draws the most press today, the issue that will ultimately determine which lever is pulled on November 2 will be the state of the economy.
Once again, Bush jumped at the opportunity to take personal credit for the 7.2% GDP growth during a speech in Birmingham, Alabama yesterday.
However, I am pretty sure he won't be so embracing of today's report that shows U.S. job-cut announcements reached the highest levels in a year.
When it comes time to vote, one's personal economic well being will win out over the overall state of the economy. To the average voter, GDP or trade deficits are vague concepts. What matters is one's job security. Do I feel more secure in my job? Will I be able to pay my mortgage? Will I be able to provide medical care for my family? When GDP numbers are heavily influenced by currency fluctuations, war expenditures and one-time tax refunds they don't seem to have the same effect on the economy as real sustainable growth. They may get the ball rolling in that direction, but the numbers thus far clearly indicate that the economy is improving only for big business and the wealthy so far. We'll just have to wait and see about the rest of us...Posted by blipsman at November 4, 2003 11:02 AM