It's getting more and more difficult for the Democrats to use the economy as an issue in the 2006 elections, with claims of the country's dismal economic performance under the Bush Administration.
The good news of the economy's increasing strength is trouble for the Dems.
WASHINGTON (AP)
-- Casting off an end-of-year lethargy, the U.S. economy bounded ahead in the opening quarter of this year at a 4.8 percent pace, the strongest growth spurt in 2 1/2 years.
The latest report on the economy, released by the Commerce Department on Friday, showed that consumers, businesses and government all did their part in terms of robust spending and investment to spur a healthy pace of growth in the January-to-March quarter.
In the Rose Garden this morning, President Bush discussed the economy.
THE PRESIDENT: Thank you very much for joining us today. I'm joined my two top White House economic advisors. The reason why is because we've had some very positive economic news today: the Commerce Department announced that our economy grew at an impressive 4.8 percent annual rate in the first quarter of this year. That's the fastest rate since 2003. This rapid growth is another sign that our economy is on a fast track.
The good news comes on the heels of two other important economic indicators reported earlier this week: new home sales surged forward by nearly 14 percent last month; consumer confidence reached its highest level since May of 2002. This confidence is largely driven by the many jobs being created in our country -- 5.1 million since August of 2003.
What's good for America is bad for the Dems.
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