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Man, Don't You Just Hate This Economy?

MAN, DON'T YOU JUST HATE THIS ECONOMY?
Neal Boortz

The Federal Reserve Bank reported yesterday that U.S. household wealth reached a new record. Sadly, most of the people in this country received the totality of their economic education in government schools. They couldn't explain the difference between gross and net, they think that the government distributes wealth, and they believe that tax cuts are a "give-away." Because of this these poorly educated Americans will have no understanding what this new record in household wealth means. It means that you're richer, you fools! And guess what? John Kerry didn't do this for you!

Wait! There's more!

While The Poodle continues to bark about the sagging economy, the net loss of jobs and accuse President Bush of the excuse presidency, the economy in the United States continues to boom. First up, let's look at the unemployment rate, currently at a very low 5.4%. That's lower than the average rate of the 1970's, 1980's and 1990's. That's also lower than it was when Bill Clinton was re-elected over Bob Dole in 1996. Funny...the media never found unemployment high then, yet they're talking about 5.4% not being very low. Media bias at its finest.

Another telling statistic is New York's unemployment. It is now back at it's pre-9/11 levels, at 6.7%. That's down from July's 7.5% and 8.4% last year. In the state hardest hit by the terrorist attacks, the economy is booming. Home ownership is at record levels too, by the way. What else is it going to take for the media and the Democrats to admit the economy is booming? The answer is that they'll never admit the economy is improving. It just ain't in them.

Let's review:

Unemployment is lower than the average of the last 30 years
Unemployment in New York is back to pre-9/11 levels
Home ownership is at record levels
U.S. household wealth is at record levels
So what's the problem? Only a dishonest partisan hack determined to defeat the president for re-election could argue that the economy is anything less than robust.
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Old 09-18-2004, 11:51 AM
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