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The Economy SUCKS! Oh … Wait …

J.J. Jackson* | March 11, 2006 

From the Washington Times:

Wages rose by the most since 2001 and jobs posted solid gains last month, offering some relief for financially strapped consumers faced with climbing costs for energy, housing and other needs.

The Labor Department yesterday reported a 243,000 increase in jobs in a wide range of professions from health care and construction to finance and education — the latest in a string of gains since November that have drawn the unemployment rate down sharply to 4.8 percent.

The growth in jobs last month was so strong it enticed 335,000 new job seekers into the market, causing the jobless rate to tick up from 4.7 percent — the 41/2-year low reached in January.

“The economy is generating plenty of jobs — that’s good news,” said Bernard Baumohl, executive director of the Economic Outlook Group, noting that last month was one of the best months for jobs since 2004.

The 3.5 percent gain in average wages over the past year is particularly welcome for overstretched consumers who have maxed out on debt and are nearing the end of their rope coping with higher costs for essential items.

CRAP! That’s what the liberals are saying as they continue to loose this issue and their perpetual fear mongering over how bad the economy is falls on deaf ears.

The latest information from the Department of Labor:

Consumer Price Index:+0.7% Jan 2006
Unemployment Rate:4.8% Feb 2006
Payroll Employment:+243,000(p) Feb 2006
Average Hourly Earnings:+$0.05(p) Feb 2006
Producer Price Index:+0.3% Jan 2006
Employment Cost Index:+0.8% 4th Qtr 2005
Productivity:-0.5% 4th Qtr 2005
U.S. Import Price Index:+1.3% Jan 2006
Unemployment Initial (UI) Claims: 303,000 March 4 2006
UI Claims 4-Week Average: 293,500 March 4 2006

So what will be the left wing spin?
1) Productivity is DOWN! OH MY GOD PRODUCTIVITY IS DOWN!
2) OH MY GOD! More people filed for unemployment than got jobs!
3) OH MY FREAKING GOD! The cost of living went up .7% (CPI) in January! QUICK! We need more social welfare to help people pay for this!
4) 4.8% unemployment? That’s WAY too high! If we were in power it would be a lot less!

How Capitalism Saved America : The Untold History of Our Country, from the Pilgrims to the Present (Book) Authors:Thomas Dilorenzo Manufacturer:Crown Forum Released:10 August, 2004

Capitalism and Freedom : Fortieth Anniversary Edition (Book) Authors:Milton Friedman Manufacturer:University Of Chicago Press Released:15 November, 2002

Contributor's website: http://www.libertyreborn.com




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