jobless recovery or jobless nothing?

Posted by: newkojak

jobless recovery or jobless nothing? - 09/23/04 04:07 PM

From the LA Times:<br>"A double dose of disappointing economic news a drop in an index of future economic activity and a rise in weekly unemployment claims undermined Wall Street stocks today.<br><br>The New York Stock Exchange closed today down more than 70 points. Other major financial indexes were mixed; the Nasdaq nudged up into positive territory, but the S&P 500 registered a small loss.<br><br>The index of U.S. leading economic indicators fell 0.3% in August for the third consecutive monthly decline as weakness "became more widespread," according to the Conference Board, a business consulting group." (source)<br><br>Just another dose of bad economic news, right? Well, that's not all it is. The index of U.S. leading economic indicators is the exact same number that the Bush Administration pointed to a year or two ago as proof that the economy was moving again. If Bush continues to insist that we are "turning a corner," he will either be ignorant of the facts, or simply misleading the public.<br><br>-- Charlie Alpha Roger Yankee Whiskey<br>
Posted by: Michael

Re: jobless recovery or jobless nothing? - 09/23/04 04:26 PM

misleading the public.<br><br>I've never heard of a politician doing such a thing. <br><br>
Posted by: newkojak

Re: jobless recovery or jobless nothing? - 09/23/04 04:54 PM

If you are looking to protect the status quo, than it is not only necessary but crucial to deflect criticism of the incumbent politician's economic policy in exactly the way you have. Merely saying that politicians have lied in the past is no moral defense of President Bush's dishonesty.<br><br>(... and yes. I got the sarcasm.)<br><br>-- Charlie Alpha Roger Yankee Whiskey<br>