Power Line's John Hinderaker comments on the Doom and Gloom economic propaganda, as evidenced by the nonsense spewed by the Strib, his hometown paper, one of the lamest of the Lame stream Media outlets.
Excerpt:
"I'm sorry to see unemployment climb to 5.1%, but by historic standards, that's not exactly a 'grim picture.' For example, nothing like the unemployment rates that, along with runaway inflation, propelled Ronald Reagan to the presidency in 1980. But I wondered about a more recent comparison. Do you remember 1996, when Bill Clinton swept to an easy re-election victory over Bob Dole, on the basis of what pretty much everyone in the press considered a near-perfect economy? No 'pink slip nation' in 1996!
Actually, though, the unemployment rate in November 1996, when Clinton rode a soaring economy to victory, was 5.4%. That's right--three tenths of a percent higher than the 'grim picture' of a 'pink slip nation' painted by this month's unemployment report."
There will be no "grim picture", unless the Dems/Lefties/"Progressives" fool enough of the electorate, the illegals, and the cemetery residents into voting Barack Obama into office this November.
The unemployment rate was 7.4% when Clinton was elected. A 5.4% rate at his reelection reflected an economy moving in the right direction.
ReplyDeleteUnemployment was at 3.9% when Bush was elected. The present rate of 5.1% reflects an economy moving in the wrong direction.
Why am I not surprised that Roche missed the point ENTIRELY?
ReplyDeleteHis comment is just as irrelevant as he is in the overall scheme of things.
"an economy moving in the wrong direction."
ReplyDeleteAnd to think the Democrats have only had the majority in Congress for a year. Wow what a job they've done!