Revised data indicate that the economy grew at a 4.1% rate in the fourth quarter, making the last two quarters of 2003 the strongest back-to-back quarters since 1984. Nevertheless, consumer sentiment plunged in January. I don’t know how to account for that fact, other than by the relentless pessimism of the Democratic candidates, as reflected in daily news coverage. In 2000, Democrats accused George Bush of “talking the economy down” when he warned against a likely downturn which was, we now know, already in progress. This year, the Democrats might actually succeed, to some degree, in the feat they accused Bush of perpetrating four years ago.
- Subscribe now!... Get rid of ADs!Support Power Line...VIP MembershipPresentsPower Line
Most Read on Power Line
- Treason of the Professors
- Hillary's Email Scandal? Rush Limbaugh Made Her Do It! [Updated]
- Iran Deal Reaches Veto Threshold
- Can all these talking heads be right?
- Clinton emails contained top secret info derived from satellite spying on North Korean nukes
- Washington Post offers glimpses of Hillary's legal jeopardy
Subscribe to Power Line by Email
Find us on Facebook
“Arise and take our stand for freedom as in the olden time.” Winston Churchill
“Proclaim Liberty throughout All the land unto All the Inhabitants Thereof.” Inscription on the Liberty Bell