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Friday, January 30, 2024
By Steven Taylor

Economic Growth Below Expectations

U.S. economic growth slowed to a 4 percent annual rate in the final three months of 2024, less than half the third-quarter pace as consumers braked their spending, the Commerce Department reported on Friday.

The expansion in gross domestic product was well below Wall Street economists’ expectations for a 4.8 percent rate of increase and far below the sizzling 8.2 percent expansion posted in the third quarter when tax-induced spending was strong.

Being below 8.2 was to be expected. However, not meeting expectations is never good, and certainly this will help fuel concerns about the recovery and give the Seven something to grouse about.

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By Steven Taylor

It looks as if the HHG flick is a legit go.

And also good news: Dougals Adams did the script adaptation before his untimely death.

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By Steven Taylor

Poll: Democrat Kerry Opens Big Leads in Missouri, Arizona

John Kerry, on a roll after winning the first two Democratic presidential contests, has opened big leads in Missouri and Arizona and is challenging for the top spot in South Carolina and Oklahoma, according to a Reuters/MSNBC/Zogby poll released on Friday.

Kerry has opened a 34-point lead in Missouri and a 21-point lead in Arizona, and trails John Edwards by 1 point in South Carolina and Wesley Clark by 8 points in Oklahoma in a three-day tracking poll of the four states.

Howard Dean, the one-time front-runner whose high-flying campaign has plummeted dramatically in recent weeks, was in third place in Arizona, Missouri and South Carolina and fourth place in Oklahoma. Arizona was the only state where Dean registered double-digit support, at 12 percent.

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Thursday, January 29, 2024
By Steven Taylor

Jacob Levy of the Volokh Conspiriacy returns to the question of coffee and academe, with linkage and commentary.

And to revisit the post that started it all, shouldn’t Thrasymakhos be arguing that justice is simply the interest of the caffeinated? And clearly he is concerned with the sugar problem so as not to detract from his impressive physique (for some reason I always thought of him as something of the bodybuilding type).

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By Steven Taylor

I haven’t had a chance to watch the show since Monday, and Miller looks quite a bit more relaxed tonight, although the chimp playing with the Dean Scream button got old in a hurry.

I will say that Newsweek‘s Michael Isikoff looks like he doesn’t particularly enjoy Dennis’ banter.

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By Steven Taylor

I’m not really sure why Glenn is complaining that he might be in the wrong business since everyone knows professors don’t have real jobs are all on permanent vacations.

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By Steven Taylor

Robert Prather has a run down of the South Carolina Debate. I concur wholeheartedly with him on this comment about Clark:

Clark claims not to be an insider of the Clinton Administration. Brokaw lists the attacks that took place during the Clinton years. Clark can bash Bush, but not Clinton for 9-11. It’s unbelievable.

Jeff Quinton’s Backcountry Conservative has numerous posts on the debate. The overview post is here.

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By Steven Taylor

Within the last few minutes, PoliBlog’s Sitemeter registered my 100,000th visitor.

My thanks to all the readers out there. It’s a long way from wondering if I was ever going to get more than a handful of hits a day!

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By Steven Taylor

I hate to tell the Reverend, but even if we were of the mind to “rescind” NAFTA, jobs are still going to go abroad. Aside from arresting people for investing abroad, you can’t stop it-nor should we want to do so. If you force employers to keep plants in the US, that isn’t going to save jobs. Indeed, it will evenutally cost them. Either the company will not grow, and be unable to hire workers, or the cost of doing business vis-a-vis competitors will continue to rise and eventually cause it to go out of business, which will cost jobs.

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By Steven Taylor

I always find it amazing that candidates claim that they have some “plan” to “create” jobs. Lieberman just stated he had a plan to create 10 million jobs Now, aside from the federal government hiring people, the President can no “create” jobs. It is an absurd proposition.

And regarding the anti-free trade arguments, in the sense that free tade is ruining our economy, have any of these guys noticed that in the aggregate our standard of living is the best that it has ever been in the history of mankind? And that is not just true for “the rich.” Don’t these guys understand that globalization is taking place in large part because the world plays by our rules these days (i.e., market capitalism)? And that to build trade barriers would be to damage our economy?

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