Saturday, April 03, 2004

After a long period of stagnation, job creation finally surged ahead in March, the government reported yesterday. The gains surpassed all but the most optimistic expectations among analysts and provided President Bush with a shot of good news to help counter Democratic attacks on his economic policies.
--NYTimes

And how it must galling them to admit it! Of course the rest of the article hastens to assure the anxious American public that it doesn't mean anything, that the economy is still bad and that ahemKerryahem would do a better job. And they think people really believe they're unbiased.

It is good news, very good news. While predicting from history is at best an uncertain science (actually predicting human events at all is a very uncertain science, regardless of what sociologists say), the way things are going makes it look like Reagan all over again. In 1982, Reagan's economy took a huge downturn but by 1983 and 1984, it rebounded and Reagan was swept to re-election. I look forward to seeing a repeat performance this Fall.


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