This is important, not because there is a huge difference between +.6% and -.6%, but because the Democrats are using the presumed recession as a refutation of all of George Bush's economic policies of the last seven years, from the tax cuts forward. This is silly, but it will pass for truth unless someone stands up to it. That someone should be John McCain, who has in the past defended the "Bush economy" but more recently has seemed unwilling to do so. McCain seems overly eager, these days, to triangulate by distancing himself wherever possible from President Bush's record. The danger is that McCain will be perceived as different from Bush on every issue except the one where the President is truly unpopular, i.e., Iraq.
There are some very good points made in this post, read the whole thing.
DKK
Powerline -- The Rasputin Economy
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