Observations on the world today.

Friday, September 24, 2004

Spinning for Bush 

The U.S. Leading Index Falls Again for the Third Consecutive Month
The leading index fell again in August, the third consecutive decline, and the weakness in the last three months has become more widespread.
But there is good news spin.
However, these declines in the leading index have not been long enough nor deep enough to signal an end to the upward trend in the leading index underway since March 2003.
But a slight dip in the growth of the economy at the very very tail end of the Clinton administration was enough to say that Bush inherited the recession. Yeah, that's reasonable.


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