As predicted, Economy is Gettin’ “Gooder”
June 5th, 2008 by Scott
Let’s see:
- Gas prices falling (the price of a barrel of gas fell $9 in one day)
- Stocks are up on news of better than expected news from retailers (people are spending more)
- Unemployment is down 189,000 (latest number is 5% for April)
- GDP is up 0.9% in 2008 Q1 (up from 0.6% in 2007 Q4)
Not to mention that Iraq violence is at a four year low. The surge worked. Iraqis are taking control of their new democracy.
Yup. Times are getting better. Things are improving. I’ll admit, we’re not out of the tunnel yet, but the trends have already reversed and the upward trend is there.
My bet is that this trend will continue. By the time November rolls around, things will be even better. Which for the country is good. For the Democrats, who have invested in our defeat in Iraq, the collapse of our economy (remember the “Bush Recession” that was “right around the corner”).
Update: Well, it seems one day after I post, the unemployment rate rose to 5.5%. I still think in the long term, we’ll be well on our way to a full recovery by November. But only time will tell!
- Posted in economic growth, gdp, predictions, troop surge
