The Discerning Texan

All that is necessary for evil to triumph, is for good men to do nothing.
-- Edmund Burke
Wednesday, December 05, 2007

BAD NEWS FOR THE DEMS: THERE AIN'T GONNA BE NO RECESSION - Reliapundit

HERE ARE SOME UNPLEASANT FACTS FOR THE LEFT:
The Recession Debate Is Over [Larry Kudlow]

There ain’t no recession.

Today’s ADP private jobs survey of 189,000 could produce a 200,000 non-farm payroll job gain for November. I don’t know — these wacky BLS numbers are subject to huge revisions. But the ADP was a huge number. In fact, jobs seem to be picking up major steam from their August low, rising in September and October. And now I’m expecting a good increase in November to be reported by the BLS this Friday.

Plus, profits are stronger than people seem to understand. The ISMs are fine. Productivity, reported out today, soared to over 6 percent annually in the third quarter. That’s the best number in four months for output per person.

On top of that, business inflation is zero. Flat. Nada.

The recession debate is over. It’s not gonna happen. Time to move on.

At a bare minimum, we are looking at Goldilocks 2.0. (And that’s a minimum). The Bush boom is alive and well. It’s finishing up its sixth splendid year with many more years to come.

THIS NEWS MAKES ME WONDER: WHAT WILL THE LEFT SCARE-MONGER US WITH NOW THAT THE IDEA OF A BUSH RECESSION HAS BEEN VANQUISHED?!?!

THE DEMS DON'T HAVE A LOT OF GOOD OPTIONS:




HMMMM... DOES THAT LEAVE THEM ANYTHING??? I THINK NOT:




I THINK THAT THE DEMS ARE UP THE PROVERBIAL CREEK WITHOUT A PADDLE. AND THEIR BOAT HAS A LEAK...
Reliapundit, 12/05/2007 08:35:00 PM |