Charge: Rent Raised Sixfold On Homeless Shelter Because Proprietor Is a Black Republican | Main | Bloggers: A Growing Peril
December 28, 2005

2006's Economy Same As 2005's: Disaster!

Democratic Politicians, Paul Krugman To Be Hardest Hit

A fifth straight year of economic expansion in 2006 promises to mean new jobs, higher pay, and maybe even fatter investment portfolios for millions of Americans.

...

There's no guarantee that the economy will actually match current expectations of 3.4 percent growth next year. But of more than 50 business economists surveyed by Blue Chip Economic Indicators, all but five see growth of 3 percent or higher. The lowest forecast is 2.6 percent. The upshot for those who work, shop, and invest would be a solid but not exciting environment.

"I think we'll see decent income growth and decent job growth," says Nariman Behravesh, chief economist at Global Insight in Lexington, Mass. "The average household will be better off, but moderately."

The consensus forecast calls for:

• Rising pay. Disposable incomes will rise by 3.2 percent, after inflation, more than double this year's gain.

• Costlier borrowing. ... [though] small upticks from current levels.

• Moderate inflation. The consumer price index will rise 3.0 percent during 2006, down slightly from 2005.

• Healthy profits. Corporate earnings will grow 7.9 percent, but that's less than half the pace of 2005....

• A strong job market. Unemployment to remain level at 5.0 percent. While job creation is not forecast in the Blue Chip survey, some experts call for job growth to reach 2 million for the year, higher than 2005 and much stronger than the early years of the current economic expansion.

Let me add in my own forecast that Iraq will be largely stabilized by the summer of 2006, prompting the withdrawal of 20,000 more troops, and I'd say that the Democrats are in a spot of trouble.

Then again, they can always rely on the nation's ravenous hunger for gay-marriage and Brokeback Mountain, as Frank Rich believes, to help them win the culture debate. So they've got that working for them.



digg this
posted by Ace at 10:18 PM

| Access Comments




Recent Comments
Bertram Cabot, Jr.: " [i]So this means goodbye any chance of OCare rep ..."

In Vino Veritits: "277 Negative vibes attract demons. And release ..."

Anon Y. Mous: ">>>What Moore, as well as his wife, lawyer, and cl ..."

lousagirl: "1504 Hikaru yes sadly it really is ..."

redbanzai: "I said border security first. You've ignored that ..."

westminsterdogshow........GNAMM ette: "Hat? Seriously you call 306 to 237 close? Dude? ..."

Reality Man: "Reading this high school nonsense... I mean these ..."

Infidel: "Hillary will never be President. ..."

sven10077: "1501 Posted by: davedavdavarf at December 12, 2017 ..."

Froderick Wonkensteen: "Oh, you meant Gary? *************************** ..."

logprof: "Newest BPS video is called "Star Wars: The Last SJ ..."

JeremiadBullfrog: "306 Posted by: Donna&&&&&&&V. at December 12, 20 ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64