GDP surges 7.2%, fastest in 19 years

CBSMarketwatch.com ^ | 10-30-2003 | Rex Nutting

[ConservativeMan55]

This is excellent news!

[daler]

You might have used another scenario to make your point.

I've been a Viking fan living in football purgatory for 35 years...blowing a 52-0 lead sounds perfectly plausible to me.

[petercooper]

it's the same subject. now there are about 5 threads going.

nice

[Phantom Lord]

Because I am a moron, I venture over to DU from time to time. I checked out all the threads I could find on this. There is a single poster going from thread to thread to thread saying "This increase is all due to military spending. Take out increased military spending and the numbers are dismal."

There is another couple posters following him around pointing out he is lying and posting links to evidence that he is a liar. Its pretty funny.

[Phantom Lord]

Wacko at DU admits the truth!

I was afraid this would happen. The Fed's lowering of interest rates and the Bush tax cuts have given a big lift to the economy right before the election. When joblessness starts declining, the economy will no longer be a "big" political liability for Bush.

The poster has admitted several things. They (democrats) fear an improving economy, thus have been hoping for a worsening economy. Tax cuts have helped the economy, not destroyed it as they have been saying.

The Thread

Another poster called him on it. I can't wait to see the sparks fly. And I wonder how quick that poster will be banned.

[LS]

Hahah. Come on. You guys have a good team, unfortunately!

[petercooper]

these people are too funny>>>"If Gore had become president and been hit by a recession right away (which would have happened no matter who was president), and then two and a half years later the GDP grew at 7.2%, every single person here would be singing the praises of the great economy."

- only Gore would have hiked taxes so growth would not have resumed

[Phantom Lord]

Another... I am so conflicted. While I know that the GDP numbers are cooked, I still find myself wishing for bad news. BUSH HAS TO GO! Someone help me.

And this is the start of the thread! The guy actually started a thread saying this!

Here

Any time the RATS claim they are not wishing for bad economic news they are LYING!

[AmishDude]

Keynes is complicated. He set up some basic ideas that even Friedman works off of. Keynes believed that you could manipulate GDP by tax cuts or spending increases. You could expand the economy basically by running a deficit. Then, you run a surplus to make up the difference.

Well, that's the way it's supposed to happen. It never does. Deficits are fun for governments. Surpluses aren't.

[expat_panama]

several Freepers need to be on a suicide watch over this!

It never ceases to amaze me how much some people want to be miserable-- no matter what....

[AdamSelene235]

Call it supply side, call it market economy but it's anything but Keynesian.

Bush's economic advisor, Mankiw, is definitely Keynesian. In fact, his dog is named Keynes.

[AdamSelene235]

That ain't the only thing growing at +7%.

[zbigreddogz]

I too, am saddened, deeply saddened.

[69ConvertibleFirebird]

DO you have charts covering the Clinton econimic slide/stock market colapse that started the recession? It would be interesting to see.

[gogeo]

GDP surges 7.2%, fastest in 19 years... Women, Children, Minorities to Suffer Most....

Nah, it'll be a little smoother than that...undoubtedly they will be the last to benefit.

[expat_panama]

That ain't the only thing growing at +7%.

That's right, the good news just doesn't quit.

The gdp soars, the money supply increases, and 18 million new jobs since NAFTA was signed!

[js1138]

9800!

[Toidylop]

Bush's Inaugural was Jan-2001. Did Dubya cause the slide? Judge for yourselves...This is what the DemocRATs refused to accept. All we heard was Bush caused the recession. Without Bush's tax cut, just imagine the trend...

[expat_panama]

DO you have charts covering the Clinton economic slide/stock market collapse that started the recession? It would be interesting to see.

Enjoy. IMHO, only a political hack could call it a 'Bush recession'.

[Bosco]

I may have to eat my words, then. But tax cuts aren't usually from the Keynes playbook, are they?