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Thursday, December 11, 2003

2004 Will Be the U.S.'S Best Year Economically in Last 20 Years

The Conference Board reports in a revised forecast that 2004 Will Be the U.S.'S Best Year Economically in Last 20 Years.

Revising its year-end economic forecast sharply upward, The Conference Board today projected that real GDP growth will hit 5.7% next year, making 2004 the best year economically in the last 20 years.

Growing business spending and continued strength in consumer spending are generating growth throughout the U.S. economy," says Fosler. "This burgeoning strength is reflected in The Conference Board's widely-watched Leading Economic Indicators, the Consumer Confidence Index and the Help-Wanted Advertising Index. While the labor market, a critical factor in sustaining growth, is growing slowly, a pick-up in hiring may already have begun.

I am sure that everybody is happy about this good news. If the forecast pans out, it will be very difficult to beat Bush in November. I would suggest prayer, but the Republicans also have the lead there:

Fully 92 percent of Americans say they believe in God, 85 percent in heaven and 82 percent in miracles, according to the latest FOX News poll.
Republicans are more likely than Democrats to say they believe in God (by eight percentage points), in heaven (by 10 points), in hell (by 15 points), and considerably more likely to believe in the devil (by 17 points). Democrats are more likely than Republicans to say they believe in reincarnation (by 14 percentage points), in astrology (by 14 points), in ghosts (by eight points) and UFOs (by five points).

I would love to see some conjecture as to why Democrats are more likely to believe in reincarnation or astrology and less likely to believe in G-d.

Have a great weekend! Enjoy the good news.