Monday, July 12, 2004

Department of: Ignore the Wolf at the Door, the Economy is Improving.

The official story in the SCLM (So Called Liberal Media) is the economy is doing recovering and no longer a political issue. Actually there are a lot of indications that it is not. Summer job market for students thought to be worst in 56 years permlink is an article which appears in the print Denver Post but can't be found on the website. If you read the New York Times, A Recovery Trying to Keep Its Legs Suddenly Feels Woozy permlink carefully you will see that there are a lot of problems. In fact CNN's Job growth disappoints permlink has an interesting graphic which could read "Job Growth Falls for Third Straight Month"

There are other indications Consumer Spending Growth Slowed in May permlink If you can stand some detail look at this which makes the point that this is a Bush recovery. The high end gets more and everyone else gets "Cheneyed"

Of course Tom Toles has the best word.