Politician vs. Economist


The Bush Administration is "leading the economy into shambles" and is the "worst economic team since President Hoover." -- DNC Chairman Terry "Global Crossing" McAuliffe.

"The market's clearly turned over a new leaf. For the first time in a while, earnings are exceeding expectations." -- Stephen Massocca, president & head of trading at Pacific Growth Equities.

Which one do you believe? Democrats continue to talk down the economy, only the economy isn't listening. For the record, the Dow closed up another 215 points today and is at a 6 week high. Unemployment is decreasing, and the economy is projected to have grown at a 3.6% annual rate in Q3, and is estimated to grow at a 2.2% annual rate this quarter.



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But see what they are saying? It rises 215 points buts its still low. My batting average could rise 200 points but would it matter if i was batting 0 before?

Posted by: Luke at November 26, 2002 11:35 PM

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