Sunday, October 17, 2004

Factoid from the Wall Street Journal

The jobless rate stand at 5.4% today, better than under Clinton in November 1996 and "well below the long-term [US] average."

We've had strong economic growth since President Bush's tax cuts kicked in - 4.8%- far exceeding that of Germany, Japan, Canada, and France for example, over the same period of time.

Personal income has grown over 5% in the last twelve months.

The WSJ makes a case that the government figures are in fact undercounting jobs and growth as our economy changes rapidly in this new service sector-dominated information age.

Meanwhile, Democrats bemoan the loss of manufacturing jobs - which actually have increased each month in 2004.