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Location: Nashville, Tennessee, United States

11/25/2003

More Economic Bad News (For the Democrats)
The U.S. economy grew in the third quarter at an even faster pace than originally reported, the government said Tuesday. The Bush Boom economy grew at an 8.2 percent pace rather than 7.2 percent. As CNN's Bill Hemmer said this morning, the economy "has afterburners on it."

Meanwhile... the U.S. economy will rush to a 20-year record pace, fast enough finally to shrink the jobless queues, a panel of top business economists predicted.

Investment would boom next year, adding power to an economy jolted to life by huge tax cuts and super-low interest rates, said a panel of 28 economists in the National Association for Business Economics (NABE). The world's number one economy would grow at a pace of 3.0 percent in 2003 and 4.5 percent in 2004, the speediest rate for any year since 1984, the NABE panel said Monday.
How in the world can the Democrats win with bad news like this? I blame those awful Bush tax cuts.

The NABE report, which you can see here if you are a NABE member, was co-authored by Carl Tannenbaum, chief economist at LaSalle/ABN AMRO, and Dr. William Ford professor of econmics and holder of the Weatherford Chair of Finance at Middle Tennessee State University. I've interviewed Dr. Ford before.