Bush is Bullet proof in 2004...

[mr mahs]

If the economy turns which from the latest coporate and economical reports are suggesting what can beat Bush in 2004??

YEAAAAHH ANOTHER 4 YEARS OF BUSH BABY..

Chicago-region factory index soars past expectations

The market took off immediately after the Chicago branch of the National Association of Purchasing Management reported its May manufacturing index. The measure rose to 52.2 for May, up from 47.6 in April. Economists were expecting the index to rise to 49. A reading above 50 indicates manufacturing activity is expanding.

Meanwhile, the market all but ignored a worse-than-anticipated April personal-spending number released before the bell. The Commerce Department said Americans’ spending fell 0.1% last month, while economists were looking for a rise of 0.1%. Personal income was unchanged, as expected.

Ram Bhagavatula, chief economist at Royal Bank of Scotland Financial Markets, told CNBC’s “Squawk Box” the disappointing April number was countered by an upward revision for spending in March. That could be the reason index futures were so pococurante. (That was the winning word at yesterday’s National Spelling Bee. Check out the story at MSNBC.com here.)

The government revised March spending growth to 0.8% from the previous figure of 0.4%. Bhagavatula said seasonal factors, such as Easter coming later this year, made it important to consider March and April together when looking at the numbers