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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-04 11:26 PM
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Krugman: Delusions of Triumph
http://www.nytimes.com/2004/05/25/opinion/25KRUG.html?h...

Republicans, we hear, are frustrated by polls showing that the public has a poor opinion of George Bush's economic leadership. In their view, the good news about Mr. Bush's economic triumphs is being drowned out by the bad news from Iraq.

A recent article in The New York Times, citing concerns of "Republican elected officials, pollsters and strategists," put it this way: "The creation of nearly 900,000 new jobs in the last four months a development that might otherwise have redefined the race in Mr. Bush's favor has been largely crowded out of the electorate's psyche by images from Iraq."

Funny, isn't it? In 2002, Republican strategists used the impending Iraq war to distract the public from the miserable economic news. Now they're complaining that Iraq is taking voters' focus off the economy.

But is the economic news really that good? No. While the recent economic performance is better than in the administration's first three years, it isn't at all exceptional by historical standards. And after those three terrible years, the economy has a lot of ground to make up.

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xray s Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-04 11:31 PM
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1. # of jobs is not what we have to look at
the income and benefits of the old jobs lost vs the new jobs gained is the key issue.

Income growth is anemic. The loss of benefits is a hemorrhage. The economy is in the toilet, but the guys in Washington with their statistical heads up their asses still spin the numbers.
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-04 11:52 PM
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2. That's because they have jobs
with good benefits.
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ResistTheCoup Donating Member (385 posts) Send PM | Profile | Ignore Tue May-25-04 12:01 AM
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3. Exactly
Remember? Rove was going to run on "the war".

And it just shows how clueless the Repugs are. Gee, so a few hundred/thousand people are dying - shouldn't the improving economy take everyone's mind off of that?

x(
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tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 01:59 PM
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4. KICK
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yellowcanine Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-25-04 04:56 PM
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5. Not to mention that economic growth is mostly a result of the massive
spending made possible by 500 billion dollar annual budget deficits.
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