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| 2004 Will Be the U.S.’S Best Year Economically in Last 20 Years |
| 2003-12-12 |
| Revising its year-end economic forecast sharply upward, The Conference Board today projected that real GDP growth will hit 5.7% next year, making 2004 the best year economically in the last 20 years. The forecast, by Conference Board Chief Economist Gail Fosler, expects worker productivity, which set a 20-year record in the third quarter, to rise at a healthy 3.6% next year. That would follow a gain of 4.3% this year. "Growing business spending and continued strength in consumer spending are generating growth throughout the U.S. economy," says Fosler. "This burgeoning strength is reflected in The Conference Board’s widely-watched Leading Economic Indicators, the Consumer Confidence Index and the Help-Wanted Advertising Index. While the labor market, a critical factor in sustaining growth, is growing slowly, a pick-up in hiring may already have begun." Real consumer spending, which continues to fuel growth, will increase at a 4.7% pace next year, up from about 3.2% this year. Another gain of 4.3% is projected for 2005. Bwahahaha! The Dems are doomed! |
| Posted by:Steve |
| #6 Shipman -- that explains Murat's reappearance, doesn't it? |
| Posted by: Robert Crawford 2003-12-12 12:55:32 PM |
| #5 RC this news today and yesterday Dow mark.... I'm looking for a significant jump in Trollage. |
| Posted by: Shipman 2003-12-12 12:09:45 PM |
| #4 I guess that means the Dems are doomed eLarson. |
| Posted by: Charles 2003-12-12 10:57:09 AM |
| #3 The only way for the Democrats to survive Karl Rove's plan for their destruction is to reform as the conservative party in America. |
| Posted by: eLarson 2003-12-12 10:46:22 AM |
| #2 eye, grandma's medicine has already been taken care of by that insane medicare bill just passed. That bill will inevitably make all of us between 25-35 really dig deep to keep it paid for. So the libs don't even have that to bitch about anymore, unless they want to bitch that we (the taxpayers)should be paying more for grannies arthritis pills, which goes from insane to just plain f*cking stupid. |
| Posted by: Jarhead 2003-12-12 10:12:09 AM |
| #1 these are just lies from the right wing media fox limbaugh crowd. Krugman says the tax cuts and deficit and stuff are gonna take away grandma's medicine and bankrupt the country and put our children's children in debt and haliburton cheyney is the devil and BUSH LIED. |
| Posted by: eyeyeye 2003-12-12 9:27:08 AM |