The Rebounding Economy Throws Us a Curve - The American Spectator | USA News and Politics
The Rebounding Economy Throws Us a Curve

With a higher-than-expected 3.3 percent growth rate in the second quarter, Phil Gramm seems to be vindicated that the recession is mental — the economy is not contracting. One interesting thing to note is that a weaker dollar boosted exports, which helped spur growth. That’s just basic classical economics.

Clearly, the economy isn’t out of the woods yet, and this doesn’t wipe away American’s anxiety, particularly because we can’t count on the media to report good news with the same ferocity with which they report bad news. But the harder it is for Democrats to make the argument that the economy is in shambles, the better the chances are for John McCain — especially because Obama lags on the comander in chief question.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link:

Be a Free Market Loving Patriot. Subscribe Today!