Skip to comments.Bush’s Very Good Year
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 ...
A Treaty and Status of Forces Agreement will be negotiated next year. Country-to-country.
Good things will happen next year. Merry Christmas!
Merry Christmas to you!
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).
Bull’s eye ... this Kudlow’s got an aim near good as thine, Sir JH2.
Thanks for the post.
Thanks for a new tagline
Sorry, I thought my question was more interesting. My bad.
I’d vote for a third GWB term over every top-tier candidate in the field right now, without a moment’s hesitation.
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.
Thanks for the ping!
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.
What an intelligent example of clear-thinking, and historical perspective.
Best post I've read on FR in ages.
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.
Kudlow is such a breath of truthful, fresh air in the media. Oh, and a belated very Merry Christmas to you and yours John...