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Bush's Rising Stock-I'm a Democrat, but even I know the economy is doing pretty well.
Wall St Journal ^ | 1-15-04 | JAMES J. CRAMER

Posted on 01/15/2004 5:09:55 AM PST by SJackson

Edited on 04/22/2004 11:50:51 PM PDT by Jim Robinson. [history]

To listen to the critics of President Bush's economic policies, you'd think that the nation's on the brink of economic catastrophe. Not a single Democratic candidate is willing to accept, even for a moment, that the president might be on the right economic track with large deficit spending and lower income and investment taxes. Now Paul O'Neill, arguably the worst Treasury secretary in memory, fills the airwaves with prideful attacks on the administration for reckless spending and reckless tax cuts that produced disastrous deficits.


(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: 2004
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1 posted on 01/15/2004 5:09:56 AM PST by SJackson
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To: SJackson
This time it's not the economy, stupid.

This time it's unemployment, stupid.

2 posted on 01/15/2004 5:16:15 AM PST by Drango (NPR is the tax funded propaganda wing of the DNC.)
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To: SJackson
Cramer has the advantage of working with the pre-eminent economic expert of our time. LARRY KUDLOW!
3 posted on 01/15/2004 5:21:54 AM PST by OldFriend (Always understand, even if you remain among the few)
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To: SJackson
WOW. What an endorsement! Insert quote into Bush re-election commercial here.
4 posted on 01/15/2004 5:22:42 AM PST by Rutles4Ever
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To: SJackson
Quite impressive that a Dem would actually admit this.

I think that some of the conservative criticism of Bush for his spending, oddly enough, forgets one of the important factors touched on in this article: the situation that we faced after 9/11.

Our economy could well have gone into a disastrous tail spin at that point. But Bush's creative policies prevented that. In fact, they have succeeded so well that most people have even forgotten how perilous things were at that point.
5 posted on 01/15/2004 5:27:10 AM PST by livius
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To: SJackson
THESTREET.COM (NasdaqNM:TSCM) Quote data by Reuters

Last Trade: 4.75
Trade Time: Jan 14
Change: 0.00 (0.00%)
Prev Close: 4.75
Open: N/A
Bid: 4.73 x 100
Ask: 4.76 x 100
1y Target Est: 5.05

Day's Range: N/A - N/A
52wk Range: 2.34 - 5.88
Volume: 0
Avg Vol (3m): 75,909
Market Cap: 113.90M
P/E (ttm): N/A
EPS (ttm): -0.225
Div & Yield: N/A (N/A)

Cramer is sometimes as spastic as Seinfeld's Kramer, but he's right on in this article. Thanks for the post.


6 posted on 01/15/2004 5:31:07 AM PST by PGalt
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To: All

The economic policies pursued by this president have been a stunning empirical success.


7 posted on 01/15/2004 5:33:10 AM PST by The Wizard (Saddamocrats are enemies of America, treasonous everytime they speak)
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To: Drango
This time it's unemployment, stupid.

You've got to be kidding me.

8 posted on 01/15/2004 5:34:10 AM PST by Texas_Dawg
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To: Drango
This time it's unemployment, stupid.

Unemployment at 5.7% and steadily dropping over the past 5 months. Clearly, we are all DOOMED!!!!!

9 posted on 01/15/2004 5:37:26 AM PST by ClearCase_guy (France delenda est)
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To: livius
Quite impressive that a Dem would actually admit this.

One of a rare and endangered species; an honest Democrat.

10 posted on 01/15/2004 5:37:50 AM PST by JimRed (Disinformation is the leftist's and enemy's friend; consider the source before believing.)
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To: SJackson
"To listen to the critics of President Bush's economic policies, you'd think that the nation's on the brink of economic catastrophe."

That's how mindless hatred works. The "critics" don't let facts get in their way!

11 posted on 01/15/2004 5:38:00 AM PST by Destructor
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To: Drango
Your comment: This time it's unemployment, stupid.

From the article: Of course, we don't yet have job growth. However, economic recoveries don't traditionally produce job growth until one year after interest rates bottom. That means March of 2004. From my perch, discussing hiring plans with dozens of companies in industries as varied as smokestackers, financials and tech, we're right on schedule for robust job creation.

Let's hope you're wrong.

12 posted on 01/15/2004 5:41:13 AM PST by new cruelty
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To: SJackson; All
SINCE WHEN DO FACTS HAVE ANYTHING TO DO WITH THE "POSITIONS" OF THE LIBERAL SOCIALISTS...aka DEMOCRAT PARTY?


13 posted on 01/15/2004 5:45:23 AM PST by NewLand (Howie Dean is not MY neighbor...)
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To: new cruelty
Let's hope you're wrong.

There's no "hoping" to it. He will be wrong. Completely. This doom and gloom crowd is always wrong.

I will take a bet from anyone wanting to offer me one, that this chart will continue to make the exact same pattern it has made several times before in the past few decades (falling unemployment, spike during recession, temporary leveling off, final spike from shakeout, then falling unemployment for several years). This is how capitalist economies work (yet the doom and gloom crowd screams and cries about heartless capitalism ("offshoring", etc.) every single time. And every single time they have been wrong:


14 posted on 01/15/2004 5:47:50 AM PST by Texas_Dawg
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To: new cruelty
From my perch, discussing hiring plans with dozens of companies in industries as varied as smokestackers, financials and tech, we're right on schedule for robust job creation.

While I don't care for Cramer generally, he manages to feed and shelter himself by giving financial advice to others...something I can't do. He cites an important verity here, that employment rosters do not increase after a recession until twelve (to eighteen) months after interest rates bottom. If this holds true for this rebound, the job market may provide some more leverage to GWB's re-election efforts.

I pray it's so!

15 posted on 01/15/2004 5:50:58 AM PST by TheGeezer
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To: Texas_Dawg
You've got to be kidding me

Not at all. Saying the economy is great without robust employment is akin to saying..."Other than that Mrs Lincoln, how was the play?"

16 posted on 01/15/2004 5:51:34 AM PST by Drango (NPR is the tax funded propaganda wing of the DNC.)
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To: SJackson
I love the Larry Kudlow/Jim Cramer show. These two have chemistry.
17 posted on 01/15/2004 5:52:42 AM PST by Conservativegreatgrandma
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To: Texas_Dawg
This doom and gloom crowd is always wrong.

Let's hope your right. :P

18 posted on 01/15/2004 5:53:51 AM PST by new cruelty
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To: TheGeezer; Texas_Dawg
I pray it's so!

Don't let TD see you praying! : )

19 posted on 01/15/2004 5:55:24 AM PST by new cruelty
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To: Texas_Dawg
Let's hope your right.

Ack... strike that...

Let's hope you're right.

That's bitter. er.. better.

20 posted on 01/15/2004 5:56:38 AM PST by new cruelty
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