HAPPY DAYS: HERE AGAIN?

Daniel Drezner, Brad DeLong, and Steven Taylor have a roundup of good news on the economic front.

Obviously, if this trend continues, it will help President Bush next November–especially if it manifests in substantial job creation. Does he deserve much credit for the turnaround? No. But, then, he didn’t deserve much blame for the preceding slump. Such is politics.

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FILED UNDER: Economics and Business
James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.

Comments

  1. Paul says:

    Well let’s review…

    The growth rate today was 7.2%, the highest in 19 years.

    Who was President 19 years ago?

    What did that President do to tax rates 2 years before that?

    What did Bush do to taxes 2 years ago?

    Who kept telling us to base our votes on the economy?

    And lastly

    Where the hell is my pet troll?… The cat must have gotten his tongue…

    Paul

  2. If anything I am hoping to stop hearing Gephardt and the others stop calling this the “worst economy since the Great Depression”. That line and the other economic BS phrases from these guys really started to piss me off when there is plenty of data all around to contradict them (or we COULD say that they were lying…)

  3. JC says:

    I’ve been off to an academic conference, Paul. Cats love me. They don’t steal my tongue.

    We’ll see Paul. Given the latest revelation about the pull back of consumers in the last month, it seems likely we’ll see the revised number around 6%, maybe lower. And I’m sure you’ll come back with a mea culpa post because you’re more honest than us weaselly dems.

    But still no jobs Paul. We’ll see how long it lasts.

    Unlike James, I do give full credit to the tax cut checks that were issued. I actually believe political policy can affect reality. Question is, will we still have a strong quarter without them.

    Once is not a trend.

    But hey, if we have a stellar economy going forward, you won’t hear me complaining all that much.

    I’d much rather have a strong economy than a political issue.

  4. Are gray skies clearing up?
    You could say that the economy picked up a little in the last quarter. The Associated Press reports: The economy grew at a scorching 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades….

  5. PoliBlog says:

    Bush and the Politics of the Economy
    Lest anyone think that in my comments on the economy I am in any way stating that Bush is responsible for the recovery, please note that I agree with James of OTB on this subject: Presidents get too much credit…