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Friday, November 10, 2006

It's magic

Now that the donkeys are in a position of power, the relentlessly gloomy news should let up. Instapundit posts this:

THE DEMOCRATS WIN, AND THE SUN STARTS TO SHINE! "Poll: Afghans express confidence in country's direction, security."

Who knows what else will suddenly get better this week?

Maybe other positive elements on the foreign policy front will see the light of day in the media.

Perhaps the biased reporting about the economy will cease and we will hear about the amazing resilience of this economy.

Over the last 3 years, the US has averaged 3.5% annual GDP growth, which is exactly at the long-term trendline. The unemployment rate is lower than it has been for 35 of the last 38 years, with seven million jobs being created in the last 3 years. What is remarkable is that in this period, a number of factors that have caused recessions in the past have occurred, even as new negative forces have simultaneously emerged, and all these have not derailed economic growth.

Just like magic, snap!

1 comment:

Bret said...

Well, that's actually one reason I'm not unhappy to see the Dems in power. Sometimes economics involves self-fulfilling prophesies. If people are told that the economy is falling apart for long enough, that will actually drag it down a bit. That drag has now been at least partially removed.