I sure hope Bush declares victory realy early on the economy. Puts up a nice "mission accomplished - economy restored" banner. Then we'll see another spectacular fall.
I've never seen such spin come out of Washington when it comes to economic news. It's like they're expecting us to forget 3 terrible years. This is what we call a "dead cat bounce" drop it out of a 50 story window and it's bound to bounce up a little.
it's like "jobless claims down"
well gee, they're still so damn high!
here's some more news to make sure this post is "fair and balanced"
New home sales fall 3.5%
http://money.cnn.com/2003/11/26/news/economy/home_sales.reut/index.htmConsumer spending flat in October
Personal spending unchanged, slightly weaker than expected; incomes rose 0.4 percent.
Retail sales fall
Key measure of consumer activity down more than expected in October as auto sales slump.
http://money.cnn.com/2003/11/14/news/economy/retail_sales/index.htmIndustrial output growth slows
http://money.cnn.com/2003/11/14/news/economy/industrial/index.htmHoliday spending may disappoint
Consumer group says more Americans are planning to spend less than what they spent last year.
November 25, 2003: 1:24 PM EST
WASHINGTON (Reuters) - The U.S. holiday shopping season may not live up to economists' robust expectations, a survey out Tuesday suggested, with more Americans saying they would cut spending from last year's already weak levels.
http://money.cnn.com/2003/11/25/news/economy/holiday_shopping.reut/index.htm