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Saturday, October 30, 2004
It's the Economy, Stupid! 
EconomicsJust before election day, the US economy continues to chug along with 3.7% growth in the Gross Domestic Product for the recently ended quarter -- a nice increase over 3.3% in the quarter before that. This is good, solid growth: not too sluggish, not too fast. Brisk, vigorous growth, you may recall, makes economists fret about an "overheated economy," like they did throughout the 90's.

Come to think of it...

The unemployment rate is at 5.4% (down from the high of 6.3% in June 2003, and the same as November and December 1996, at the end of Mr. Clinton's first term).

Inflation, even with gas prices factored in, stands at 2.5% -- less than at the end of President Clinton's first term. Without food and energy, it's just 2%.

And disposable personal income is rising too.

Just a few more reasons -- on top of his visionary leadership in the Terror War -- to re-elect President Bush.






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