'The Bush Rally' Thrills Wall Street

by Donald Lambro - February 5th, 2007 - Townhall.com

WASHINGTON -- Despite the gloom and doom we heard in last year's elections, a torrent of upbeat economic reports show the Bush economy is alive and well, and it is likely headed for a healthier performance in 2007.

Last week's report from the government's Bureau of Economic Analysis must have come as a shock to President Bush's Democratic critics when it showed the economy racing along at a brisk 3.5 percent annual growth rate in the last three months of 2006. For the year, the economy grew at a stronger than expected 3.4 percent, propelled by falling oil and gas prices, higher wage and job growth, increased consumer purchasing power and even an uptick in housing sales.

The bullish report came out at a politically perfect time for Bush, as he delivered an optimistic speech on the economy on Wall Street and toured the New York Stock Exchange, where [Bush] was greeted like a rock star . . . .

Two things George W. Bush is doing right, the war agaist Islamfascism and the handling of taxes. His support for long term growth of socialist government is a serious concern, however the current strength of the economy has to be placed in Bush's column. You will never get the MSM to acknowledge that though. Their support for socialism blinds them to any good news on the economic front. Expect a continued effort to claim things are going badly.