Economy...BushBlog

www.georgewbush.com ^ | 3-29-04 | GeorgeWBush.Com

[FlashBack]

Economists see 'booming economy'

USA Today recently conducted a survey of economists and today reports that the results are good news for the U.S. economy! The economists polled believe that employers will soon begin to add jobs steadily as the economy continues to expand and that strong consumer spending will continue.

In an optimistic outlook, the 56 economists also predict businesses and consumers will continue to spend more as the unemployment rate falls. Inflation will stay low, they say, letting the Federal Reserve keep interest rates at historic lows a bit longer… "I consider it a booming economy," says Timothy Rogers, chief economist at Boston-based Briefing.com, a site that provides data and analysis for investors.

Rogers and other economists are most heartened by the big pickup in business spending. Businesses sent the economy into a recession as they cut spending starting in late 2000. After picking up last year, business investment is expected to increase by double digits each quarter through 2004.

"Business looks really very, very good," Decision Economics President Allen Sinai says, noting that corporate profits are rising rapidly. That means firms can spend on new technology and other improvements.

They also may finally spend on hiring. In the survey conducted March 19-24, 31% of the economists said they expect hiring to begin in earnest in the second quarter. More than half expected considerable gains in the second half. Posted by GeorgeWBush.com at 02:21 PM

From listening to the news lately this would seem to be a major about turn from what the Dims have been harping for the last 3 years!!!!

[marron]

Things are still a little dicey in my business, but in conversations I find that prices are going up on steel pipe, that some vendors are adding a surcharge to previously agreed prices, price quotes are only good for a day, things like that, which tell me that there is a shortage of pipe, or steel, which tells me that somewhere someone is using a lot of steel.

That means somewhere the economy is booming, even if I don't see it yet.

[FlashBack]

Our numbers (automotive parts) have been doing increasingly better since late last fall when things were slow but not terrible. This months numbers are slightly better than last month as was the case the previous month as well.
The vendors that we've spoken with about this season (racing oriented) have all been very optimistic about what they've been seeing and the amount of orders that they've taken in.
The worrisome part for me personally, as far as our own Drag Racing operation is concerned, is the price of fuel may dampen our tour schedule.

[M L Crassus]

bush's website is nifty-looking. how much money is he spending on this piece o' work?

[FlashBack]

Just enough to win!!!