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Bush’s Very Good Year
Townhall.com ^ | 12/22/07 | Lawrence Kudlow

Posted on 12/22/2007 12:49:03 AM PST by JohnHuang2

Against all odds, and despite the usual drumbeat of criticism, President George W. Bush has had a very good year. The troop surge in Iraq is succeeding. America remains safe from terrorist attacks. And the Goldilocks economy is outperforming all expectations.

At his year-end news conference, President Bush stated with optimism that the economy is fundamentally sound, despite the housing downturn and the sub-prime credit crunch. The very next day, that optimism was reinforced with news of the best consumer spending in two years. The prophets of recessionary doom, such as former Fed chair Alan Greenspan, Republican advisor Martin Feldstein, ex-Democratic Treasury secretary Lawrence Summers, and bond-maven Bill Gross have been proven wrong once again.

Calendar year 2007 looks set to produce 3 percent growth in real GDP, nearly 3 percent growth in consumer spending, and over 3 percent growth in after-tax inflation-adjusted incomes. Meanwhile, headline inflation (including food and energy) will have run at 2.5 percent, with only 2 percent core inflation.

Jobs are rising over 100,000 per month and the stock market is set to turn in a respectable year despite enormous headwinds. Low tax rates, modest inflation, and declining interest rates continue to boost Goldilocks, which is still the greatest story never told.

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Editorial; News/Current Events
KEYWORDS: 2007review; bush; bush43; economy; kudlow
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To: Reagan Man
And the Iraqis are going to be our friends. They named a street in Baghdad George W. Bush Street. We'll start demobilizing next year because you can't leave an active military around with nothing to do. They will find things to do. Like get married and various other things.

A Treaty and Status of Forces Agreement will be negotiated next year. Country-to-country.

Good things will happen next year. Merry Christmas!

41 posted on 12/22/2007 9:26:06 AM PST by BobS (Did Santa just say haha, HO ?!)
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To: JohnHuang2
Thanks for the ping JH2

Merry Christmas to you!

42 posted on 12/22/2007 9:58:23 AM PST by BARLF
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To: JohnHuang2

Merry Christmas, JH2. I haven’t seen another car in Michigan with a Bush/Cheney 04 bumper sticker on in 4-6 months. In fact I haven’t seen any Kerry bumper stickers on either.

I might be the last guy in the state with a sticker on my car (I was mad enough to take it off during the “comprehensive” debate, but when that went down in flames I left it on).


43 posted on 12/22/2007 12:13:48 PM PST by PGalt
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To: JohnHuang2

Bull’s eye ... this Kudlow’s got an aim near good as thine, Sir JH2.

Thanks for the post.

Merry Christmas!


44 posted on 12/22/2007 1:22:07 PM PST by jwfiv
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To: Names Ash Housewares

Thanks for a new tagline


45 posted on 12/22/2007 1:49:00 PM PST by r-q-tek86 (If your not taking flak, your not over the target.)
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To: samtheman

Sorry, I thought my question was more interesting. My bad.


46 posted on 12/22/2007 2:04:57 PM PST by naturalized ("The time has come," He said. "The kingdom of God is near. Repent and believe the good news!")
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To: samtheman

I’d vote for a third GWB term over every top-tier candidate in the field right now, without a moment’s hesitation.


47 posted on 12/22/2007 6:03:23 PM PST by WhistlingPastTheGraveyard ("and alllll the children are insane")
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To: 668 - Neighbor of the Beast

Sorry to see him go... but thankful we had him for the eight years we did. He’s a good man. Possibly a great one.


48 posted on 12/22/2007 6:08:59 PM PST by WhistlingPastTheGraveyard ("and alllll the children are insane")
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To: JohnHuang2

Thanks for the ping!


49 posted on 12/22/2007 8:47:55 PM PST by Alamo-Girl
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To: JohnHuang2

President Bush: a good man, a good President - perhaps even a great President. Time will tell.

And at the core from which everything comes: a man of great Faith.


50 posted on 12/22/2007 10:29:30 PM PST by mtntop3
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To: naturalized
FDR had a media that wouldn't even tell the people that he couldn't walk, much less that he was having a affair in the White House. Plus, FDR (wrongly) had a lot more latitude - can you imagine our President putting muslims in a concentration camp?

WOW.

What an intelligent example of clear-thinking, and historical perspective.

Best post I've read on FR in ages.

51 posted on 12/23/2007 8:50:51 PM PST by Darkwolf377 (Pro-Life atheist hoping everyone has a Merry CHRISTmas!)
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To: ReleaseTheHounds
I know Reagan faced similar difficulties

I love Reagan, as any thinking American does, but he never faced anything like what Bush faces, at home or abroad. The closest thing would be Lebanon, from which he retreated after taking our troops' bullets away, and illegal immigration, for which he got maybe.5% of the static Bush is getting--and Reagan signed an amnesty into law.

Reagan was the Michael Jordan of Presidents--his natural abilities often distracted from his hard work and deep thinking--but Bush is the Larry Bird of Presidents--not as graceful, but maybe even more hard-working, and without as much support from his team and fans.

52 posted on 12/23/2007 8:53:32 PM PST by Darkwolf377 (Pro-Life atheist hoping everyone has a Merry CHRISTmas!)
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To: JohnHuang2

Kudlow is such a breath of truthful, fresh air in the media. Oh, and a belated very Merry Christmas to you and yours John...


53 posted on 12/26/2007 8:53:47 AM PST by eureka! (Fred is in it for the right reasons...)
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