Saturday, February 28, 2004

Economic hope 

Tax refunds up from 2003

But I thought the cuts only helped the rich! Whatever the case may be, there's a huge serving of demand on the way to spur the economy on:

Prakken [Joel Prakken, chairman of Macroeconomic Advisers LLC] said taxpayers can expect to get between $40 billion and $50 billion returned this spring...
And Alan Greenspan is upbeat.

"I would say that we could get a pop in employment almost any time," Greenspan said, since the economy had been growing rapidly enough that companies cannot indefinitely boost output with existing workforces.
Gosh, if all this good economic news keeps up, John Kerry might have to change the order of his list of issues. At this writing, "Restoring Jobs and Rebuilding Our Economy" is on top. Those things might come to pass in nine months, Senator... Be careful or your top issue might vanish by the election.
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