Economic news

I cringe these days when I hear John Kerry make the economy and job creation a centerpiece of his Presidental campaign. Not because I don't believe Kerry is less capable than Bush at managing the US economy, which Presidents don't really do anyway. It's because last week's optimistic employment news probably means good times are ahead. There's no doubt that that economic recovery is at the top of most voters' wish lists, but if that wish is fulfilled, which is likely, Kerry is going to look mighty foolish.


Another terrorist attack on the American homeland could change all that, sending the stock markets into a tailspin, and causing businesses to delay hiring and expansion. That would be good for Bush, since most Americans think Bush is more decisive in The War Against Terror than the Democratic senator from Massachusets.


It seems to me that Kerry is betting on an inside straight: no more terrorist attacks on the homeland, and a stagnant economy come November. Methinks neither scenario is likely.
3.4.04 16:54
 


To date 1 Comment(s)     TrackBack-URL


(4.4.04 14:39)
 So if Kerry can't rely on jobs, the economy, the war or homeland security as vote winning issues what has he got left? The budget deficit?

Name:
Email:
Website:
 Email me when further comments are posted
Save information (cookie)


 Insert emoticons