Entries in Presidential Race (2)
What if They Gave a Recession and Nobody Came?
Let’s see….in the last quarter of 2007, in the USA, there was .6% growth, a low 5% unemployment rate, record low interest rates, and a vibrant stock market. This is a recession?
From US News and World Report:
“Recession? Where? Looking back months from now, we may find that the economy grew 0.6 percent in the fourth quarter of 2007, 1.2 percent in the first quarter of this year, and 2.5 percent (according to a model from Macroeconomic Advisers) in the second quarter. Now my buddy Barry Ritholtz over at the Big Picture blog has criticized me and economist Brian Wesbury and CNBC's Larry Kudlow for having the temerity to conclude that since the economy expanded in the first quarter—gross domestic product rose at a 0.6 percent annual pace, according to preliminary government estimates—that the economy, well, expanded in the first quarter. (FYI: That initial take may have underestimated first-quarter growth by half given today's economic data, which showed a closing of the U.S. trade gap.)”
The curious might like to know why the Democrat Presidential candidates are so adamant about the present existence of rough times in America: imaginary bread lines, imaginary hurt.
And, here’s the answer: it’s about winning the Presidential election. The Democrats hope that they will be hired as change agents, solutions to "the bad times." As with Manmade Global Warming, Democrats offer Bigger and Better Government, solving problems that don't exist.
Patty
in America, Presidential Race
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I’m Voting for McCain
Because John Bolton says so. From Powerline:
Not all political endorsements are created equal. Over the weekend, John McCain received an endorsement that is more equal than most others. It came from John Bolton, former ambassador to the United Nations. Ambassador Bolton stated:
John McCain was very active and supportive during my confirmation hearings to be the U.S. Ambassador to the UN. His belief in me at that time was a testament to his courage to fight the liberals in the Senate and vigorously advance American interests at the UN.I whole-heartedly endorse John McCain for President because when he takes office in January 2009 he will be prepared immediately to lead us. John will not need on the job training.
American conservatives will have a President they can be proud of in John McCain.
Although Bolton's final statement can be debated, there's no doubt that McCain is vastly preferable to Mike Huckabee, Barack Obama, and Hillary Clinton on issues of national security, a subject that should be foremost in our thinking.
Patty
in America, McCain, Presidential Race
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