ALAS, HOWARD DEAN, MORE GOOD ECONOMIC NEWS



Howard Dean and the other dwarves keep blasting the economy just as good news hits the wire (via Reuters):

Consumer sentiment rebounded in early October while U.S. home builders accelerated new construction in September to a near 17-year high, according to two reports that added to this week's evidence of fast-paced economic growth.



Other data this week have revealed that while consumer spending eased in September, spending was far stronger in August and July than originally estimated. That means gross domestic product in the third quarter could have been as high as 7 percent -- the best since the end of the late-1990s boom.



The University of Michigan said its preliminary gauge of consumer sentiment rose to 89.4 from a final reading of 87.7 the prior month, beating forecasts.



"It shows that consumers are sensing some good news on the job front and the income front," said Kurt Karl, head of research at Swiss Re in New York.



A separate report from the U.S. Commerce Department ( news -web sites ) showed ground-breaking for new homes jumped 3.4 percent to a seasonally adjusted annual rate of 1.888 million units in the month, beating expectations and up from an upwardly revised 1.826 million pace in August.



Taken together, the news this week has had many economists upwardly revising forecasts for growth and employment next year. Federal Reserve ( news -web sites ) officials have also expressed optimism that the hearty pace of expansion will lead to healthy hiring soon.

Still want to repeal all of the Bush tax rate cuts, Mr. Dean?

BUSH GETS HUGE VICTORY IN THE U.N.



The weasels adopted the US Iraqi rebuilding resolution unanimously (via FoxNews):

UNITED NATIONS���In a slam-dunk vote, the U.N. Security Council approved Thursday a U.S.-drafted resolution to help reconstruct Iraq.



All 15� Security Council (search )�members -- including Syria -- voted in favor of the measure to authorize a multinational force under U.S. command and call for troop contributions from other countries. The measure also seeks "substantial pledges" from the 191� United Nations (search )�member states.



U.N. Secretary General Kofi Annan (search ) commended the�council members for having reached a "significant agreement on what obviously is an important resolution to address a complex situation in Iraq.



"The process has been difficult but the outcome is a clear demonstration of the will of all the members of the Security Council to place the interests of the Iraqi people above all other considerations."



Earlier in the day, Germany, Russia and France announced that they would back the resolution.



That decision -- announced by German Chancellor Gerhard Schroeder at a European summit in Brussels -- marked a dramatic shift by the three European countries, who had bitterly opposed the U.S.-led war in Iraq.>

Here's what this means: President Bush is now garnering more support from the likes of France and Germany than from members of the Democratic party here in the US.

HERE'S THE MAP - DOES IT LOOK FAMILIAR?



This map looks very similar to that famous county-by-county map of the last Presidential election.

MISSION ACCOMPLISHED



Gray, you are SO fired. Welcome to Sacramento, Governor Schwarzenegger!

WE'RE SO CLOSE



Today's the day! I've already voted to remove the secretary-beater Gray Davis out of office.

MORE CRAPPY NEWS ABOUT THE ECONOMY



Via the Associated Press:

WASHINGTON - The nation's unemployment rate held steady at 6.1 percent in September as businesses added to payrolls for the first time in eight months, suggesting a turnaround in the weak job market.



A survey of U.S. companies showed a net increase of 57,000 jobs last month in wide-ranging industries, the Labor Department (news - web sites) reported Friday, and there was new hope for recovery in the slumping manufacturing sector. Some 29,000 factory jobs were lost, but that was considerably fewer than in previous months.



Economists had expected the overall civilian unemployment rate to rise to 6.2 percent, with a loss of 25,000 more jobs.



"This is potentially the key turning point," said Joel Naroff, president of Naroff Economic Advisors.



"It is really taking on the tone of a labor market that is finally getting over the hump. Indeed, this is what we need to create the confidence in both the household sector and the business sector that this recovery is real," Naroff added.



Job losses in August, initially reported at 93,000, were sharply revised to 41,000, a positive sign, he said.

When will this economic insanity end??

FOREIGN POLICY IS NOT A POPULARITY CONTEST



James Taranto, at OpinionJournal:

Goodwill Industries



Perhaps the most fatuous post-Sept. 11 clich� is the notion that America (or "the Bush administration") has "squandered" the "goodwill" the world felt for America in the wake of the attacks. The idea seems to be that popularity is more important than national security. Probably without meaning to, John Hassell of the Newark Star-Ledger offers a parody of this argument:



In the immediate aftermath of the Sept. 11 terrorist attacks nearly two years ago, America became a mailbox, receiving letters of condolence from all corners of the globe. Even Moammar Gadhafi and Mullah Mohammed Omar of the Taliban, no friends of the United States, sent their sympathies.



Today, after U.S.-led wars in Afghanistan and Iraq and the launching of an ambitious enterprise to reshape the politics of the Middle East, things are very different. Polls show a deepening resentment of U.S. power worldwide, even among traditional allies. America's mailbox is again full, this time with hate mail.



Does anyone really yearn for the approval of such reprobates as Moammar Gadhafi and Mullah Omar? Anyway, we would rather be alive and hated than dead and popular. If the rest of the world likes Americans only when we're dying, the rest of the world can go to hell.

I couldn't have said it better myself.