November 29, 2007

BROTHER, CAN YOU SPARE A DIAMOND?:

Economy Continues to Boom Despite Woes (James Pethokoukis, 11/29/07, US News)

Yes, the economic growth numbers for the third quarter were revised sharply upward today, from 3.9 percent to 4.9 percent. [...]

[C]onsider this: If you exclude housing, the economy grew at an astounding 6.1 percent rate, up from a 4.6 percent pace in the second quarter. My guys at Action Economics think gross domestic product growth will average 3.3 percent in the second half of 2007, versus a 2.2 percent average in the first half.


No matter how much Republicans hate Bill Clinton or Democrats hate George W. Bush, no presidents who presided over 8 years of such extravagant growth in national wealth will be treated badly by history.

Posted by Orrin Judd at November 29, 2007 6:12 PM
Comments

Bush and Clinton can't be compared.

Clinton's economy was a ponzi scheme which collapsed when the weight on top got too heavy to sustain and the media couldn't prop it up anymore.

Bush's economy is real with real accomplishments. Big difference.

Posted by: erp at November 30, 2007 7:15 AM

No difference, which is why there's been no interruption in growth.

Posted by: oj at November 30, 2007 10:42 AM

and what would be the difference in a Giuliani pro growth economy?

Posted by: Perry at November 30, 2007 7:18 PM

There wouldn't be any difference in a Kucinich economy. We live in the world Volcker and Reagan made.

Posted by: oj at November 30, 2007 9:56 PM

Come to Cleveland, I'll show you a Kucinich ecomomy.

Posted by: Perry at December 1, 2007 8:32 AM
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