May 25 2006

Can The Economy Afford Democrats?

Published by at 3:38 pm under 2006 Elections,All General Discussions

The economy is usually the best indicator for elections.  The Democrats are on the record demanding Bush’s economic policies be undone as soon as possible.  Are we sure we want them mucking around with our economy?

The U.S. economy shot forward at an upwardly revised 5.3 percent annual rate in the first quarter, the fastest growth in 2-1/2 years, as companies built up inventories and exports strengthened, a Commerce Department report on Thursday showed.

First-quarter growth in gross domestic product was more than triple the 1.7 percent annual rate recorded in last year’s fourth quarter, though still slightly below Wall Street economists’ forecasts for a 5.7 percent pace.

Prices remained in check, with the core personal consumption expenditures price index that the Federal Reserve favors rising at a 2 percent rate compared with 2.4 percent in the fourth quarter.

The first-quarter surge in GDP – the largest since a 7.2 percent jump in the third quarter of 2003 – was partly fueled by rebuilding in the hurricane-battered Gulf Coast region. Growth is widely forecast to level off in coming quarters to a range of between 3 percent and 4 percent.

If it ain’t broke, don’t let the Democrats try and ‘fix’ it!  Stay the course.

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