Bush fails...Blah-Blah-Blah. Iraqis demand Blah-Blah-Blah. Democrats Outraged Blah-Blah-Blah. Daschle regrets Blah-Blah-Blah. Rumsfeld to testify Blah-Blah-Blah. Military Blah-Blah-Blah Blah-Blah-Blah. Kerry rips Bush on education Halb-Halb-Halb.
Amid the Dem breast-beating and media hysteria over the prisoner abuse story, good economic news continues as the recovery gains strength.
Individual investors continued to buy the first batch of California's voter-approved deficit bonds at a record pace Tuesday.
The state's two-day sale for individual investors ended Tuesday with individuals buying $2.26 billion in bonds - the most ever sold in a retail order period, according to the treasurer's office.
The Institute for Supply Management's index of factory activity barely dipped to 62.4 in April from 62.5 in March, staying well above the robust 60 level for a sixth straight month. The index has been above 50, which signals growth, for 11 straight months.
"Very strong growth is continuing," said David Wyss, chief economist at Standard & Poor's. The index has reached "a remarkable level for a sustained period of time."
Driven by China's voracious appetite for imported steel, buoyed by a booming construction market at home and braced by U.S. tariffs on some imported steel, the U.S. steel industry has been on a fast run lately.
In a stunning turnaround, Bay Area companies are back in the black after three years awash in a sea of red ink, giving hope to the region's beleaguered residents that they may eventually get to share in some of that bounty.
Yahoo, EBay and other Internet firms have been some of the strongest-performing Bay Area companies during the past year, recording impressive gains in both revenue and market value.
"The sector is doing very well,'' said Safa Rashtchy, an analyst for Piper Jaffray & Co., adding that Internet firms have benefited from both the general economic recovery and the growing use of Internet sites. "It is certainly one of the hottest sectors."
To counter a negative media and Kerry, the Bush campaign will need a strong, energized grass roots organization. Today is Wictory Wednesday. Every Wednesday, I ask my readers to volunteer and/or donate to the Bush 2004 campaign.
If you've already donated and volunteered for the Bush campaign, then talk to your friends and enlist them in this battle for America's very soul.
If you're a blogger, you can join Wictory Wednesdays simply by putting up a post like this one every Wednesday, asking your readers to volunteer and/or donate to the Bush campaign. And do e-mail wictory@blogsforbush.com to be added to the Wictory Wednesday blogroll, which will be part of the Wictory Wednesday post on all participating blogs:
This week's Time has an op-ed
on how the president does NOT
have any effect on the economy.
I guess Time is covering all
the bases. If the ecomony starts
to stumble, though, Time will run another
op-ed cancelling this week's op-ed.
:)
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