2004 Will Be the U.S.'S Best Year Economically in Last 20
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IceHawk-151
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Actually, economic data is point towards an improved growth rate in Real Gross Domestic Product for next year. The improved rates of this year have helped to get the economy back in line and expanding once more. There are various reasons that Bush will most likely be re-elected next year. One of which is the strengthening economy, which the Left is doing its best to deride. When it comes to general economics the Bush Administrations has done well. After the recession began in March of 2001 the Bush administration was able to get a massive tax cut bill signed into law. This signing occurred June 7, two months after the beginning of the recession. The tax cuts phased in retroactively for rate cuts and the rebate checks were all sent out by September 21. Two months later, November, the recession officially ended. Between then and now the economy has rebounded, the Dow has regained most of what is has lost, and the unemployment rate has once again began to expand at a decent rate.
While Daschle and the rest of the Democrats would have you believed Bush’s policies caused the recession, and that none of his policies really caused the upturn, the public does seem to be mostly aware of the truth. When it comes to the economic factors, Bush is doing rather well. By the end of 2004 there is a very good change the unemployment rate will be around 5.5% and that employment numbers within both Payroll and Household surveys would continue to improve. The deficit, while large nominally, should not peak above 4.0% of the Gross Domestic Product, which would key them as below recent recession level deficits.
The economy is doing well now, and the Bush administration is going to reap the benefits politically.
While Daschle and the rest of the Democrats would have you believed Bush’s policies caused the recession, and that none of his policies really caused the upturn, the public does seem to be mostly aware of the truth. When it comes to the economic factors, Bush is doing rather well. By the end of 2004 there is a very good change the unemployment rate will be around 5.5% and that employment numbers within both Payroll and Household surveys would continue to improve. The deficit, while large nominally, should not peak above 4.0% of the Gross Domestic Product, which would key them as below recent recession level deficits.
The economy is doing well now, and the Bush administration is going to reap the benefits politically.