Saturday, June 12, 2004

Good News Finally Getting Through

One of the more remarkable aspects of this election year has been the reluctance of the American people to grasp the fact that the American economy is absolutely booming. That's because most people don't look at raw economic statistics. They read newspapers, or worse yet, listen to network news, which continues to exagerrate such topics as "outsourcing."

The American economy isn't just booming, it's on the cusp of an expansion that might exceed the Reagan revolution.

And now, to the sorrow of the Democrats, Americans are starting to figure this out in spite of the good news blackout.


The AP-Ipsos consumer confidence index climbed to 91.3 in June, up from a reading of 87.4 in May. The rise in consumer confidence comes as the economy is on a solid growth track and the job market has made gains.


The latest snapshot of consumer sentiment also shows that Americans' view of the economy is considerably more positive as compared with a year ago, when the consumer confidence index stood at 86.8.

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