I certainly hope the Bush administration doesn't plan to brag about 1% growth...
Major threats to the US economy:
the possibility that the Fed will have to start raising rates to fight off inflation
a global slowdown that threatens US exports
the continued dismal state of the housing market
and you gotta wonder how much better off we'd be if we hadn't spent $500,000,000,000 in Iraq in the past 5 years. Or if we had spent that money more wisely at home...
