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Thursday, April 21, 2005

Another BS Economic Article From WaPo

Ankle Biting Pundits has a great post on the "mono-variablitis" of Washington Post's analysis of its polls. (For those unfamiliar with the term, it's made up and means the over emphasis on a single data point to explain your thesis.) From a single poll question, the Post has divined that American voters are screaming for Bush and Congress to drop everything and start making laws about anything that is economic related. If not, there will be an overthrow of the GOP controlled Congress in the next election cycle. (Nevermind that GDP is still growing at 3%+, unemployment is under 5.5% and interest rates are still quite low - the next Depression is coming...)

The disconnect between pocketbook concerns of ordinary Americans and the preoccupations of their politicians has helped send President Bush's approval ratings on the economy down, while breeding discontent with Congress. The problem has yet to grow into a political wave that could sweep significant numbers of lawmakers from power next year, but both parties face risks if they fail to pivot their attention to economic issues.