Unfortunately the job gains you mention were offset by the job lose,the unemployment rate remained unchanged.
The administration is attempting to boost the economic growth by devaluing the dollar. The theory is that if we make the dollar cheap enough, American exports will be competitive on the world market and we might be able to sell fireworks to the Chinese. We can get there if we can drive the price of gold to $1,000 per oz.
The Bush tax cut for the rich isn't the pill that will revive the economy. Please take a look at the low paying service jobs that were created. Look at the data entry jobs exported to dollar an hour Indian computer guys and reflect for a change.
The euro is now at $1.17, 399,000 new workers filed for unemployment claims, durable goods dropped 1.1% even though we had heavy military spending. Point of fact is that US manufacture is not reviving. Our economy is floating on foreign investment funds and personal debt in the US is at a very uncomfortable high.
The wavy lines you see looking at the Bush economy is what you see in the desert---a mirage. When you get close to it, it goes away.
What you are looking at is best described the statistics of smoke and mirrors. We need productive jobs. Jobs. Jobs.
Publius
Current Events » in reply to Blame and credit
definitely NOT a time for crowing.....
