The Bad Economy Line

Seems that Phil Gramm is not the only one that thinks the economy is great.

Donald Luskin of the Washington Post wants the bad economy line to stop being used!

The writer claims just because the phrase is used doesn't make it true. He does admit that,

There are trouble spots in the economy, as the government takeover of mortgage giants Fannie Mae and Freddie Mac, and jitters about Wall Street firm Lehman Brothers, amply demonstrate. And unemployment figures are up a bit, too. None of this, however, is cause for depression -- or exaggerated Depression comparisons.

In the last reported quarter, the U.S. economy grew at an annual rate of 3.3 percent, adjusted for inflation. That's virtually the same as the 3.4 percent average growth rate since the Great Depression.

Donald Luskin, the "problem" is purely political and of course, it's Obama's fault. If this McCain economic adviser thinks the US economy is so strong, why isn't McCain making this point on the campaign trail?

So, my point is if the democrats are wrong and things are not as bad as they seem. Then McCain should preach it to high heaven that we are not on the brink of a depression. He doesn't do that.