is this believable ?

[itaintoveryet]

in my paper yesterday one of frontpage articles headline read "Economy To Rebound - Say Experts". the experts happen to be the National Association for Business Economics (NABE) and they are crediting Bush for his tax cuts and the Feds for their fiscal policy and state that the economy should grow at the fastest rate since 1999 and that it will grow at above 4% for each of the next two quarters and into 2004. why a newspaper would post this conjecture as a major frontpage item is beyond me.

[rooboy]

1. Which paper ?

do you have a link?

[DogKing]

2. I saw something similar

I think we need to get off the economy issue and focus on foreign policy and overspending on defense.

[ShimokitaJer]

11. Are you out of your mind?

You want to ignore the most lost jobs since Herbert Hoover and focus instead on Bush's favorite issues because the newspaper made an overly optimistic prediction about the economy.

Good plan. Let's not forget to emphasize how "presidential" Bush looks while we're at it.

[Zero Gravitas]

15. Its the economy stupid

The coporate media can go on all it likes about the economy rebounding, but regular people the economy means JOBS.

Bush* has lost 3 million jobs since he stole the election. People worry more about keeping their job, paying the rent/mortgage, finding affordable health coverage (yeah right) and their children's education much more than Bush*'s botched reckless invasion of Iraq. Bush* has a terrible record on all of the above. Besides they've been saying that economy will "rebound" any quarter now for the last 2 1/2 years.

[ikojo]

3. My sig line says it all n/t

:argh:

[itaintoveryet]

5. re: is this believable ?

the Huntsville Times

[phatkatt]

14. Hey, another Huntsville DU'er!

I saw that headline also. Doesn't really matter, AL will go for bush no matter what.

Other Huntsville DU'ers:

bamademo
rocketdem
phatkatt

Welcome to DU!:hi:

[Brucey]

4. Spin, spin

When things are going bad, they say the actions of the prez have nothing to do with the economy, it's just a business cycle (same thing about Clinton's success). Then they say the tax cuts will kick in anytime now (been saying this for years). Then they project improvement ahead. Some day there will be improvement (as under Clinton), then they'll credit Raygun or Chimpy (forget about business cycles when it's not convenient). A proper analysis was done by Paul Krugman in recent New York Times mag. BTW, newspapers are corporations trying to make a profit; news isn't news. War is peace. Joblessness is economic recovery. I am the messiah.

[meatloaf]

6. MSN had something similar on their webpage.

Sounds like the powers that be are trying to foster public enthusiasm for the economy by widely reporting projections of econominc improvement. It hasn't worked in the past as everyone seems to be keeping the wait and see mentality. Everyone's afraid they'll get burned and want to see others take the risks before they'll risk anything themselves.

[TomNickell]

7. There are definitely 'experts' saying this.

OTOH, there have been economists predicting economic recovery for the last 2 years.

Overall, the economy is always cyclical and it would seem about time for some upturn.

OTOH, it will take a very strong recovery to get companies hiring again--that's most people's definition of recovery. And, there are issues that may slow recovery--the Bush budget deficits, trade deficit, loss of manufacturing jobs overseas, uncertainty in Middle East.

So, who the hell knows.

[DemocratSinceBirth]

8. That's Pretty Much Conventional Wisdom...

I have seen it in the Times ...

The question is if the growth is sustainable and if it is will it lead to the creation of new jobs...

[rooboy]

9. Hmmm. Seem to have associations with the American Enterprise Institute...

http://www.nabe.com/calendar.htm

[LEW]

10. check out this link

If you want the real take on the economy - I have bookmarked so I can always have the facts available.

http://www.epinet.org/

[Sinistrous]

12. TIPP Indicators

Since Polling Report seems to have fallen down on the job reporting these, go here: http://www.tipponline.com

Note the ratings for Sept 03:

Economic Optimism: 52.5
Presidential Leadership: 54
National Outlook: 49.5

Also note the trend for all three factors.

[TahitiNut]

13. The local fire department ...

... assures us that the fires destroying our homes will eventually go out, as some stand by and do nothing, some roast marshmallows, and some add fuel to the fires. (Local home builders predict 'good times' ahead.)

In a related story, lifeguards at the local pool comment on how quickly swimmers raise to the surface after having their heads held below the water.

:silly: