NYT: Reports Suggest Economy Is Warming Up

New York Times ^ | November 18, 2004 | EDUARDO PORTER

[OESY]

The New York Times is saddened, deeply saddened, that it was not able to credit an incoming Kerry administration with a "recovery," as they had proclaimed that it was the expectation of a Clinton victory in 1992 that caused the economy to turn around 18 months before Clinton took office. Alas, alas.

[cvq3842]

Right. They've been AWOL for months on the rebound.

They only report on it now?

Maybe i missed their coverage of the booming economy all year. I dunno.

I'm not a regular reader of the Times.

:)

[freakboy]

If the NYT is willing to admit this, the economy must really be booming and they are just trying to save face.

[johniegrad]

It can be reported now since it will not adversely effect Kerry's election chances anymore.

[katieanna]

Gasoline prices have edged lower in South Texas. Most of our Gulf Coast offshore wells are back on-line after being shut-in due to the hurricanes. All this is good news.

[Starrgaizr]

Don't you see? The economy soared in anticipation of a Kerry victory, just as it did for Clinton. /gag

[anniegetyourgun]

Gad, I hate the NYT. They can't but a clue vis-a-vis reality.

[Always Right]

The NY Times is just disappointed they will no longer be able to temper good economic news with John Kerry quotes. They can no longer say, the US economy added 250,000 jobs this month, but John Kerry says we have still lost 2 million jobs under Bush. John Kerry's misery index is still showing we are in the worst economy since the beginning of time....

[Law is not justice but process]

"NYT: Reports Suggest Economy Is Warming Up"

EXTRA, EXTRA! THIS JUST IN FROM THE NEW YORK TIMES:

JAPAN SURRENDERS! World War II is over!

DEWEY DEFEATS TRUMAN!

ROBERT E. LEE RESIGNS FROM US ARMY! Says he cannot take arms against his home state of Virginia.

GEORGE WASHINGTON HOLDS SMALL LEAD IN POLLS FOR REELECTION! Lead is within the margin of error.

More breaking news at 11.

[anniegetyourgun]

Perhaps they can pay Harry Reid to give them their jumping off points.....

[Always Right]

Don't you see? The economy soared in anticipation of a Kerry victory, just as it did for Clinton. /gag

It was the exit poll bounce. As long as CBS doesn't declare Bush the winning, this bounce may go through Christmas.

[js1138]

The dems got no traction with their doom and gloom during the election. They mentioned the economy occasionally, but it never went anywhere.

[Dr Snide]

They may want to tell former Enron adviser, economist, and current NYT columnist(or is it communsit) Paul Krugman. Although all the graphs may be too complex for his ity, bity, mind to comprehend

[mwp99]

During Imus this morning, MSNBC ran a graphic noting that oil prices were up to $46/barrel now. Funny, I never saw any graphics when it was dropping from the mid-$50 range back down to the mid-$40s. But, now that it ticked up a bit again, there they are with a graphic pointing that the rising oil prices.

Of course, they also had a line in their ticker saying President Bush would be "saluting" Clinton at his library today, so maybe my expectations a little high for MSNBC.

[cvq3842]

Right.

Please, don't get me started on Clinton . . .

:)

[Rebelbase]

How can this be true? We're in the worst economy in the past 60 years.

.

/DNC spin mode

[Arkie2]

What the heck is going on. This is on a news site saying future economic activity is slowing.

---

The Index of Leading Economic Indicators, a widely watched gauge of future economic activity, fell in October for the fifth straight month, suggesting that the economy may be slowing, a private research group reported Thursday.

The Conference Board said that its main indicator of future economic growth fell 0.3 percent in October, following declines of the same size in September and August. The October decline was steeper than the fall of 0.1 percent that economists had been expecting.

Ken Goldstein, an economist at the New York-based research group, called the latest decline in the index "a clear signal that the economy is losing steam." He also said that "worries about where the economy is headed may cause some strategic plans to be put on hold."

[malakhi]

But a spike in consumer prices is also stoking worries that inflation might spread more broadly as the economy heats up.

Locally, gasoline prices are down 5% in the past two weeks.

[katana]

Oh, I suspect they have a clue. It's not that they're stupid, it's just that they're evil and they assume we are stupid enough to believe their lies.

[Landru]

"But a spike in consumer prices is also stoking worries that inflation might spread more broadly as the economy heats up."

BWAHAAAAAAAAAAAAAAA!!!!!
Well I'll be, look there.

The Liberal-Socialist's *favorite* straw-man skillfully employed to derail any kind of positive economic trend during a conservative administration.

The dreaded "I" word.

...what took 'em so long. :o)