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Bush’s Very Good Year
Townhall.com ^ | 12/22/07 | Lawrence Kudlow

Posted on 12/22/2007 12:49:03 AM PST by JohnHuang2

Against all odds, and despite the usual drumbeat of criticism, President George W. Bush has had a very good year. The troop surge in Iraq is succeeding. America remains safe from terrorist attacks. And the Goldilocks economy is outperforming all expectations.

At his year-end news conference, President Bush stated with optimism that the economy is fundamentally sound, despite the housing downturn and the sub-prime credit crunch. The very next day, that optimism was reinforced with news of the best consumer spending in two years. The prophets of recessionary doom, such as former Fed chair Alan Greenspan, Republican advisor Martin Feldstein, ex-Democratic Treasury secretary Lawrence Summers, and bond-maven Bill Gross have been proven wrong once again.

Calendar year 2007 looks set to produce 3 percent growth in real GDP, nearly 3 percent growth in consumer spending, and over 3 percent growth in after-tax inflation-adjusted incomes. Meanwhile, headline inflation (including food and energy) will have run at 2.5 percent, with only 2 percent core inflation.

Jobs are rising over 100,000 per month and the stock market is set to turn in a respectable year despite enormous headwinds. Low tax rates, modest inflation, and declining interest rates continue to boost Goldilocks, which is still the greatest story never told.

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: 2007review; bush; bush43; economy; kudlow
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Kudlow nails it again.
1 posted on 12/22/2007 12:49:04 AM PST by JohnHuang2
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To: xm177e2; mercy; Wait4Truth; hole_n_one; GretchenEE; Clinton's a rapist; buffyt; ladyinred; Angel; ..

Kudlow MEGA PING!

Wishing y'all a very Merry Christmas! God bless.

2 posted on 12/22/2007 12:50:35 AM PST by JohnHuang2
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To: JohnHuang2

Merry Christmas


3 posted on 12/22/2007 12:51:26 AM PST by eyedigress
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To: JohnHuang2

Permanently pissed off his base by trying to force the Alien Amnesty through twice and totally forgot to build the fence, which appears to be only an obselete 2006 election ploy.

Other than that things were peachy.


4 posted on 12/22/2007 12:53:48 AM PST by claudiustg (You know it. I know it.)
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To: JohnHuang2

Best Pres since Reagan.


5 posted on 12/22/2007 12:55:43 AM PST by spanalot (*)
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To: JohnHuang2

Mark my words....we will dearly miss him after he is gone.


6 posted on 12/22/2007 12:58:54 AM PST by Gator113 (My short list..Fred, Hunter, Romney.)
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To: JohnHuang2
This shows just how damaging it is for us to get all cranky about what are basically small-potatoes disputes. I'm not talking about important things like illegal immigration, but things like that port issue which was SOOOOOO important that we completely forgot it once it did the job the media wanted it to do, namely add to the anti-Bush momentum from that OTHER (semi-) non-issue, Harriet Miers. (Yes, I'm glad she wasn't the pick, but I've never been convinced she is the devil some conservatives tried to claim.)

There is this haze of negativity and hate towards Bush from some Republicans. If we stepped back and looked at the whole person--the way we do with Reagan, who indeed signed an amnesty, who backed fuel taxes, who was more pro-abortion as governor than he was anti-abortion as president, and yet we rightly consider him a giant--we'd realize just how lucky we are to have him in charge at this time, because the simple fact is that he is doing an excellent job overall.

7 posted on 12/22/2007 12:59:23 AM PST by Darkwolf377 (Pro-Life atheist hoping everyone has a Merry CHRISTmas!)
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To: JohnHuang2

While Bush wasn’t absolutely everything we could have wished for, he wasn’t the absolute worst (that’s pretty good praise for a politician). I think his good outweighed his bad. 7/10 for Bush

Kudlow’s friggin great though.


8 posted on 12/22/2007 1:06:17 AM PST by Bastiat_Fan (Please don't call me a PaulTard... Surrender Monkey is in much better taste)
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To: JohnHuang2

Merry Christmas.


9 posted on 12/22/2007 1:06:30 AM PST by Dog
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To: JohnHuang2

“Calendar year 2007 looks set to produce 3 percent growth in real GDP, nearly 3 percent growth in consumer spending, and over 3 percent growth in after-tax inflation-adjusted incomes. Meanwhile, headline inflation (including food and energy) will have run at 2.5 percent, with only 2 percent core inflation.

Jobs are rising over 100,000 per month and the stock market is set to turn in a respectable year despite enormous headwinds. Low tax rates, modest inflation, and declining interest rates continue to boost Goldilocks, which is still the greatest story never told.”

But this is not mentioned in the news — people have to follow business news in detail to be aware of it. Most people think the economy is terrible, that’s what the MSM is telling them.


10 posted on 12/22/2007 1:07:03 AM PST by FocusNexus
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To: claudiustg

>>>Permanently pissed off his base by trying to force the Alien Amnesty through twice and totally forgot to build the fence

Mandatory thread hijacking post. We now resume our regularly scheduled programming.


11 posted on 12/22/2007 1:08:32 AM PST by tlb
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To: JohnHuang2
There is a very simple test as to how good a President is...

The Left HATES him with an abnormal passion. We are talking an assassination movie as well as a book, endless anti-Bush web pages, NYT frothing at the mouth, etc, etc, you know all the rest.

Anyone that can draw that kind of hatred from the Left is my #1 guy!

That’s what I am going to miss the most - we are in for a huge come down. :(

12 posted on 12/22/2007 1:20:28 AM PST by Berlin_Freeper (ETERNAL SHAME on the Treasonous and Immoral Democrats!)
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To: Berlin_Freeper

If your not taking flak, your not over the target.


13 posted on 12/22/2007 1:25:22 AM PST by Names Ash Housewares
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To: Names Ash Housewares

Precisely.


14 posted on 12/22/2007 1:52:39 AM PST by patriciaruth (http://www.freerepublic.com/focus/f-news/1562436/posts)
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To: Berlin_Freeper

Out: BDS (Bush Derangement Syndrome)

In: MDS (Mitt Derangement Syndrome)


15 posted on 12/22/2007 2:25:05 AM PST by Checkers (First they came for the Mormons, but I said nothing because I was not Mormon.)
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To: JohnHuang2

And the rats are deeply saddened.


16 posted on 12/22/2007 3:16:39 AM PST by bikerman (_ _ . /_ _ _ /_ . . / / . . . . / . / . _ . . / . _ _ . / / . . _ / . . . //)
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To: claudiustg

“Permanently pissed off his base by trying to force the Alien Amnesty through twice and totally forgot to build the fence, which appears to be only an obselete 2006 election ploy.”

Here is a question. Did he “piss off the base” or did he pull the base closer together?


17 posted on 12/22/2007 3:48:00 AM PST by EQAndyBuzz (Hunter Thompson in 08.)
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To: spanalot
Best Pres since Reagan.
True, but that might be the lowest bar in presidential history. Daddums was a whimp in sheep's clothing and the bent one was by far the biggest crook to ever shyster his way into the WH.
18 posted on 12/22/2007 3:57:45 AM PST by samtheman (Huckabee. A Bible-Packing Leftist.)
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To: tlb

It’s not “hijacking the thread” to mention Bush’s glaring failures on amnesty and the fence. The subject is evaluating Bush’s performance in the last year. The article claims that performance was “very good”. Don’t we get to dispute claims by articles posted? When an article is posted we must agree with every word of it, otherwise we are “hijacking the thread”?

Is that what you’re saying?


19 posted on 12/22/2007 4:01:42 AM PST by samtheman (Huckabee. A Bible-Packing Leftist.)
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To: JohnHuang2

Right now, compared to what appear to be the likely prospects, Bush is looking pretty darn good.


20 posted on 12/22/2007 4:03:32 AM PST by samtheman (Huckabee. A Bible-Packing Leftist.)
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