More signs of the landslide

Larry Kudlow writes in the National Review about the coming boom due to hit full strength in 2004:

The liberal media and the Democratic presidential candidates jumped all over the latest jobs report, which showed a rise in unemployment to 6.4 percent. Screaming for President Bush’s head, liberals are trying to make the case that failure in the economy will lead to the president’s re-election defeat next year - the same fate suffered by his father over ten years ago.

But this group of harpies - the gang that can’t shoot straight - is overlooking a number of market-oriented signs that point to a robust economic recovery. This resurgence is likely to begin in the second half of this year, and reach full bloom in 2004.

This crowd couldn’t even get the jobs report straight. Outside of that higher unemployment figure, big gains were registered by temporary workers and the self-employed, both leading indicators of better jobs performance in the future. Significantly, 251,000 people re-entered the labor force in June, a confidence sign as hopes were raised by the new tax-cut package and its promise of new employment.

I’m all ready for a rousing chorus of Happy Days Are Here Again. Ironic, isn’t it? It seems that the party of FDR is the one with all the long faces.

Posted by Deleted User at July 14, 2003 12:46 AM