Economy is Growing Better Than Expected (Shock and Panic Ensues on the Left)
WASHINGTON (Reuters) - The U.S. economy shook off headwinds from hurricanes Katrina and Rita to grow at a faster-than-expected 3.8 percent annual rate in the third quarter, a Commerce Department report showed on Friday.
Despite surging prices at the gasoline pumps, the report showed that so-called core inflation, which exempts food and energy from its calculation, declined in the third quarter.
My only question then is why we keep hearing that the economy is bad, and Bush needs to improve it to “salvage his Presidency”? Better yet… maybe those crazy tax cuts for the “rich” are doing something good?
It seems only the media and the American left are in shock that the economy is doing good.
Despite surging prices at the gasoline pumps, the report showed that so-called core inflation, which exempts food and energy from its calculation, declined in the third quarter.
My only question then is why we keep hearing that the economy is bad, and Bush needs to improve it to “salvage his Presidency”? Better yet… maybe those crazy tax cuts for the “rich” are doing something good?
It seems only the media and the American left are in shock that the economy is doing good.
