US industrial output surged 1.1% in the month of May, faster than economists had projected. In addition, factory utilization rose to 77.8%, the highest level in 3 years.
New jobs, high productivity, recovering stock market, low interest rates, and surging industrial output all serve testimony to the fact that the US economy is very strong. It is now clear that the the Kerry campaign has absolutely no basis upon which to attack this administration's economic record.
It's anybody's guess as to whether or not the Kerry campaign will adjust their message, but it's clear that the economy-bashing will lose traction as more and more Americans come to realize that the administration's economic policies have proven effective.
Wednesday, June 16, 2004
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