Economy Seen Poised for Recovery (AP): “The U.S. economy has taken hits during the past three years from the bursting stock market bubble, a recession and terrorist attacks. Conditions now, finally, offer the prospect of better growth during the last six months of the year. But forecasters concede they made similar predictions in 2002 and 2001 and were proved wrong.”
Lew Rockwell notes that Bush’s new Medicare edict mandates spending that exceeds his tax cut, underscoring the point made by James Ostrowski.
