Get Your Blog Up

“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Friday, September 24, 2004

But how's the economy?

Apparently the Conference Board of economists are all "girly-men":
The leading index, a harbinger of activity in the coming months, had dropped 0.3 percent in July and 0.1 percent in June. On Wall Street, economist had expected on average a decline of 0.2 percent in August.

Analysts said the drop was troubling and could signal further economic turbulence.

"Today's report suggests economic growth may be less robust than previously thought, contrary to the Fed's belief that the economy is gaining traction," said Sung Won Sohn, chief economist at Wells Fargo.

And this won't help:
Responding to an election-season request by Democrats, the Congressional Budget Office estimated Thursday that some of President Bush's budget policies plus other costs would add $1.3 trillion to federal deficits over the next decade.

Now back to the debate over Iraq.