Free Republic

The far-left Politico admitted Tuesday that Democrats are “dreading” the idea of a fast economic boom as America reopens, which explains the anti-science push among many Democrat governors to extend their pointless coronavirus lockdowns. Thanks to these lockdowns, some 40 million people are unemployed, some 40 million lives have been shattered; lines at food pantries seem to go on forever; countless small businesses are in danger of closing or already have… Nevertheless, what America’s oh-so compassionate Democrats dread most is a quick economic rebound that might undermine their grasping desire to hold on to and obtain power. “The general election...

SACRAMENTO — In an unexpected election-year gift for Gov. Arnold Schwarzenegger, California coffers are suddenly flush with enough cash to wipe out what was projected to be a multibillion-dollar gap in next year's state budget. Nonpartisan Legislative Analyst Elizabeth G. Hill reported Wednesday that, largely because of robust economic growth, tax receipts were far exceeding forecasts. At the current rate, the state is heading toward ending the fiscal year in June with a budget reserve of $5.2 billion — four times what was anticipated when the governor signed the budget over the summer. Hill, whom lawmakers of both parties look...

Americans continued earning more and spending more in February, according to a government report released yesterday, adding to other signs that the economy is recovering steadily from last year's slump. The Commerce Department reported that personal income rose 0.6 percent in February, the fourth consecutive month of increases. And consumers spent 0.6 percent more in February, continuing a three-month rise. Consumers continued spending at a healthy pace through most of last year, despite layoffs, uncertainty and the Sept. 11 terrorist attacks -- a key reason the recession was the mildest on record, economists say. But much of the strength of...