Thursday, October 30, 2014
Economy Chugs Along
Figures released today indicate that the economy grew at a healthy rate of 3.5% in the third quarter, with non-housing private investment and defense spending spurring the pace. With lower gas prices and consumer confidence up, the third quarter figures indicate the economy continues to strengthen as unemployment is the lowest in nearly 7 years.
Why Democrats seem incapable of touting the good economic news, preferring a defensive crouch instead in the upcoming mid-term elections, is something beyond us. As we noted yesterday, with the cooperation of a shallow political press focused on who "won the news cycle" and "gaffes," the public thinks the economy-crashing Republicans would be better at "fixing" the economy. They'll "fix" it alright, but not for the middle class and for working families.