[wayoverontheright]

"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.

Oh, and the news gets worse, if you're a Democrat; IRAQI OIL IS COMING ONLINE!

When we have had these uptics in the last 40 years they have promptly been accompanied with inflation due to increased demand for and static supply of, petroleum. NO WAY THIS HAPPENS WITH THIS EXPANSION!

[GWB00]

Sorry for the sloppy map. But I think you get the idea!

[Grampa Dave]

fyi

[Grampa Dave]

[marshmallow]

Not trying to be a wet blanket here, but all it will take to turn this prediction on its head is some form of terrorist attack.

After 9/11, all the high fiving going on here is really "irrational exuberance", to coin a now infamous phrase.

[Richard Kimball]

Best economy in 20 years? Let's see, who was President then?

[thackney]

It is going to be a tough year for those doom-n-gloom dems.

[LiteKeeper]

read later

[craig_eddy]

So much for "miserable failure", eh Dickie G...

[Lando Lincoln]

Seems like I only have time for an occasional ping these days. Anyway....I hope everyone is well. CM55 - great post - but you took soemone's fun away by your post #3. Don't you know that there is an honor to being the first one to quote Tommy Daschle as being "deeply saddened"!? ;-)

Lando

[kennedy]

[Glenn]

Real capital spending, which will rise by only 2.7% this year, will climb 11.7% next year and another 8.6% in 2005. Pre-tax corporate operating profits will top $1 trillion next year, up from a projected $928 billion this year. Another trillion-dollar-plus gain in profits is expected in 2005.

I'm only posting a message so I can search it out in 2005 to see how accurate these "WAG's" are.

[mrobison]

There must be some bad news here that we're not seeing and it's all Bush's fault.

[hattend]

Best economy in years, so why wreck it by amnesty for illegals and SSI payments to Mexico?

Bush is looking for a way to pull defeat from the jaws of victory, I'm convinced of it.

[motor_racer]

I think we all owe it to "the Gipper" always to restate these headlines as follows:

"Best Economy Since the Reagan Administration" !

[Bob J]

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[Hank Rearden]

Wow! GeeGoshOhGolly! With this to buttress him, what vote-buying scams do you think Bushie will come up with next year, now that he's got his "free" pill vote-buying scam in place and has chipped a big hole in the First Amendment?

Can't wait for the next round of "limited government" Republican giveaways to buy votes in 2004.

[Post Toasties]

If this hits the mass media, the 'Rats are going to need dilithium crystals to crank their hamster cage spin machine at warp speed to counteract it.

[Fledermaus]

I'm sure the DimbulboRats will find a reason to rain on the parade.

[Reagan Renaissance]

"2004 Will Be the U.S.'S Best Year Economically in Last 20 Years"

The majority is almost always wrong. Real economies are not built on houses of cards made of paper that was created by debt. Capitalism depends on savings. Savings can be invested to increase productivity. Increased productivity leads to a growth in income which can then in turn support additional savings and an increase in consumption. For much of recent history, the US has grown consumption by increasing debt at the expense of savings. Hundreds of years of history suggest that the prediction above is going to be wrong. When enough people recognize the paper represents liabilities rather than assets, the house of cards will turn into paper mache and only the people with assets that are not other people's liabilities will have any money. Savings not consumption are the foundation of a sound economy. Debt-based consumptions leads to huge booms. When the players realize that the music is inevitably going to slow or stop and that there don't seem to be enough chairs to go around, there will be a scramble for the chairs. It works the same way on unsinkable ships without enough life boats. All that debt turns into an anchor and paper makes poor paddles.