January 13, 2005

Economic News

It's a constant Democratic meme that the economy is "the worst in 20 years", but the newest information from the Treasury Dept. belies this. Even before President Bush has been sworn in for his second term, the latest budget figures reveal that there has already been a $11Billion drop in the deficit from this same time last year.

It seems that the Democrats don't mind the gradual increase in fiscal warmth of increasing deficits under a Democratic Administration, but expecting a total and instant turnaround of an economy when the opposition party has the reins. A lot of good news is coming out of the government agencies, but you won't hear about it from the MSM.

Read the agency stats and you get a different picture of the economy than you get from the Old Grey Lady and her co-horts in propaganda.

Posted by Delftsman3 at January 13, 2005 11:31 PM

I'd agree that the economy is slowly improving. But the idea that a drop in the deficit is a major plus is a bit much don't you think? Put on a personal level, it's like saying: My family finances were 100 grand in the red last year and this year they're only 80 grand in the red--so I've improved things by 20 grand. True, but hardly praise-worthy.

Posted by: Karlo at January 14, 2005 04:08 PM
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