Economists Contradict Kerry's Badmouthing Of America- Economists
Optimistic, but Kerry Keeps Attacking Bush's Policies
Economists Contradict Kerry's Badmouthing
The president is "a giant corporation residing in the White House
camouflaging as a human being," Ralph Nader claims. Meanwhile, experts
aren't buying Sen. John Kerry's efforts to talk down the economic
expansion.
Economists Optimistic, but Kerry Keeps Attacking Bush's Policies
Susan Jones, CNSNews.com
Monday, March 29, 2004
http://www.newsmax.com/archives/articles/2004/3/29/152421.shtml
As Democrat John Kerry rails against President Bush's "failed policies
on the economy," 56 economists surveyed by USA Today offered an
optimistic outlook on the U.S. economy. In fact, one of the economists
called this a "booming economy." According to the report Monday in USA
Today, employers are expected to "add jobs steadily as the economy
continues to expand."
The 56 economists surveyed by the newspaper predicted that businesses
and consumers would continue to spend more money as the jobless rate
falls. They expect inflation and interest rates to remain low.
USA Today noted that the rosy predictions come as jobs "take center
stage in the presidential election."
On Monday, Sen. John Kerry was campaigning in California, where he
planned to blast what he called President Bush's "failed policies."
According to a press release issued by Kerry's campaign, "John Kerry
will spend Cesar Chavez Day, Monday, in California talking about his
plan to create 10 million new jobs during his first term in office and
get the economy back on track."
But USA Today's survey indicates the economy is getting back on track
right now, under President Bush.
Hiring Boost Expected
"Business looks really very, very good," USA Today quoted Decision
Economics President Allen Sinai as saying. Sinai told the newspaper
that rising corporate profits would prompt more companies to hire more
workers in the weeks ahead.
"In the survey conducted March 19-24, 31% of the economists said they
expect hiring to begin in earnest in the second quarter," USA Today
reported. "More than half expected considerable gains in the second
half."
Kerry has pounced on President Bush for costing Americans their jobs.
On Saturday, after President Bush in his weekly radio address
discussed good news about rising home ownership, Kerry's campaign put
out the following rebuttal: "Nearly three million Americans have lost
their jobs since George Bush took office and the President's response
is to give himself a pat on the back."
In his radio address, President Bush said the economy was growing,
which is helping more Americans afford new homes. "Incomes are
rising," Bush said. "The unemployment rate is falling. Mortgage rates
are low. And because of tax relief, Americans have more to save, spend
and invest - and that means millions of American families have moved
into their first homes."
But in his response to Bush's radio address, Kerry said, "American
jobs are being shipped overseas, health care costs are overwhelming
working families, and George Bush still doesn't get it."
Kerry promised that "change is coming. When I'm President, we'll
pursue a bold new economic plan to jumpstart job creation, renew
American competitiveness, balance the budget, and create 10 million
new jobs in the next four years."
On Monday and Tuesday, Kerry was bringing his "10 million new jobs"
theme to California.
He planned to host a town hall meeting with students at a job training
facility in Sacramento on Monday. According to a press release from
the campaign, Kerry "will hear firsthand from students about the real
impact of Bush's policies - increased unemployment, more manufacturing
jobs lost, rising health care costs, skyrocketing gas prices and
decreased support for education - and talk about his plans to get the
economy back on track."
On Tuesday, at a rally at the University of California, San Diego,
Kerry planned to talk about "the economic impact of rising gas prices
and the effect on consumers and families," his campaign said.
Copyright CNSNews.com
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