"This is an administration that is going to be noted for its incompetence not its accomplishments." Senator Harry Reid 2/24/06
Unfortunately, the words had scarcely passed the Senator's lips when the news brought us this (2/27/06):
The US economy is set for a strong rebound in the first quarter of 2006, shaking off the hurricane-related weakness of the fourth quarter, a survey of business economists showed.
The survey of the National Association of Business Economists called for the economy to expand at a robust 4.5 percent pace in the current quarter -- the fastest since 2003 -- after a disappointing 1.1 percent annualized rate in the fourth quarter.
"The NABE panel sees the economy roaring back in early 2006 following the fourth quarter's tepid 1.1 percent growth," said Stuart Hoffman, NABE president and chief economist at PNC Financial Services Group. "Our forecasters expect the economy to shake off the effects of last years hurricanes and surging oil price."
Except for Ted Kennedy, no senator makes himself look more foolish more often than does Harry Reid.
