Saturday, May 06, 2006

Bush's fault!


Investor's Business Daily: The Boom Goes On: "Here's the reality.
Durable goods orders in March rose 18.3% from a year earlier, the second largest gain in over a decade.
Retail sales on a same-store basis grew 6.6% in April, the best gain in over two years.
Home resales continue to rise, defying repeated predictions of a bust. Meanwhile, new-home sales surged 13.8% in March.
Finally, GDP grew 4.8% in the first quarter and has averaged 3.9% since 2003's tax cuts � reversing the abysmal 1.7% average growth that prevailed after the 2000 stock market crash.
They used to call numbers like this a boom.
Yet most people seem to think the economy's in trouble. No doubt, they fear higher oil prices and interest rates and the damage they could do. So do we. But unlike the rest of the media, we don't ignore the good news. And right now, there's plenty of that to go around. You read it here first."

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