Bush's message today on economy takes beating....

[xyboymil]

President Bush’s election-year message that the economy is strong and “getting stronger” is being shaken by a three-pronged assault of weak employment growth, higher oil prices and a slumping stock market.

“It allows Kerry to say with some justification that the recovery may be sputtering and that the job market is very soft,” said Greg Valliere, chief strategist of Schwab Washington Research Group. “A lot of people thought when he was saying that earlier in the summer that he was a Cassandra, that he was exaggerating things. But now he can make both those claims.”

http://www.msnbc.msn.com/id/5624615 /

Can we all feel the impending doom that is the Bush Administration? :evilgrin:

[Wickerman]

1. Ha! - And they said that Gore exaggerated!

[whistle]

2. And Greenspan's measured interest rate increase next week....

...will be another 1/4 point! So it goes, to keep inflation in check, wage earners will bear the brunt of the economic adjustments. This will continue until Kerry's inauguration at, which time this country will be back in recession. GDP is still growing but at a reduced rate (4.5% in the 1st qtr; 3.0% in 2nd qtr). So if we get another drop in GDP for the third quarter (say an anemic 1.0% to 2.0% growth), the recession will officially be under way.

[joanne]

3. Is that what the Chimpster meant when he said we were "turning the corner"

What an IDIOT AND LIAR.

[renegade000]

4. funny they said he was a Cassandra

the trojans would have done well to have listened to her ;)