Thursday, October 16, 2003

IT'S THE ECONOMY, STUPID!

I relish irony. It's a dish best served in your face and, though the infamous "it's the economy" line was authored by that viper-like critter named Carville, it looks like it might bite the Dems in the ass very soon.

A big part of what I do for a living is to try to anticipate where the economy is going. Not just nationally, but regionally as well. And, though I have concerns about California's ability to sustain its maniacal growth and some midwestern states have real problems, I believe the national economy is fine and will, in fact, see some unforecast (also known as "surprise") growth over the next 18-24 months. Interest rates ticked up some in July and into August, but they've settled back. And the stock market is rockin'.

Not too many jobs are being created, but that's because productivity levels have increased as companies have gotten smarter, producing more with fewer resources. But as they continue to grow, they will have to start hiring by next spring.

So, if you're a Democrat right now, you gotta really be frustrated. No matter how long you hold your breath and repeat the "bush sucks" mantra, things aren't getting worse. It gets back to my central thesis of what's wrong with the Democrats.

They have no plan. They have no agenda other than to try to paint a picture that things are bad and it must, therefore, be Bush's fault. But no matter how hard they try to talk about the "quagmire" in Iraq", more and more positive stories are coming out each day.

And no matter how hard they try to paint a picture that the economy is in shambles, "good news" is in the news more and more.

It would be a tremendous "up yours" if Bush were to use the "its' the economy" line sometime during the real campaign next year. He probably won't, and if things keep going the way they're going, the Dems would be advised to complain about something else.


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