Bush and the Economy

Well the poor "leftfield loonies" [Kerry, Kennedy, Moore, Boxer, New York Times etc.] have not had a good year -- their gloom and doom hopes are going down the drain… We have desires for free elections blossoming in the Middle East, military casualties in Iraq are down, and now this…

The initial estimate of 3.1 percent GDP growth for last year’s fourth quarter was revised upward to 3.8 percent. Business investment was revised higher to 18 percent from 14.9 percent. Included in this, the rise in non-high-tech business investment outstripped high-tech investment (by 15.2 percent to 13.7 percent, both at annual rates) for the first time since 1994. Private-sector domestic output -- what Economics 101 students might remember as consumption plus investment (or C+I) -- came in at an outsized 5.5 percent growth.

So what did the New York Times do with this upbeat economic story? It buried it. Rather than place the news on the front page of the business section, the Times editors shoved it on page B4. Instead of carrying a senior reporter’s byline, the copy came from Reuters News Service. [Read here]

What is a good liberal to do -- idea stop hoping for gloom and doom so you can have a good day -- kind of selfish don't you think.