Sunday, August 20, 2006

It's the Economy Stupid?

Somebody on Studio B on Fox News just now said the American people are tired of the war on terror, and instead want our economy to get more attention and improve. Hello? Listen up McFly!

Our economy is currently purring along. It is the envy of every other economy in the world. We are out performing all of the world's major economies. Now that the Fed has stopped reflexively raising interest rates every quarter, it will get even better.

The only fly in the ointment is the price of gas. And that has good news embedded in it. Our economy just withstood a 30% rise in the price of gas without a stutter. And in real money terms, gas is still cheaper than it was during the last fuel crisis.

The real question is why the media elites keep maintaining this fiction of an ailing economy, and don't tell the real story.

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