meanwhile, on the home front...
Daily Kos pointed out one peculiarity of the State of the Union speech: "I went back and reread the SOTU address to confirm something that had nagged me all day: Bush didn't tells us about the state of the union. Not a thing."
Maybe this is why: Economy Grows at 0.7 Percent Rate
The U.S. economy slowed dramatically in the final quarter of last year, growing at a annual rate of just 0.7 percent as consumers turned cautious in the face of war worries, a rollercoaster stock market and a stagnant job climate and increased their spending by the smallest amount since 1993.
This is also telling:
Consumers have been virtually the sole source of support keeping the economy going.
But in the fourth quarter of 2002, they grew tired. Consumer spending, which accounts for two-thirds of all economic activity in the United States, grew up a rate of just 1 percent in the final quarter of last year. That was down from a brisk 4.2 percent growth rate in the third quarter and marked the worst showing since the first quarter of 1993.
Not exactly a ringing endorsement of Bushonomics, is it?