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Politics : Politics for Pros- moderated

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From: LindyBill	2/3/2006 12:21:14 PM
	of 793891

Set Up the Microphones Already By Money Politic$ All the economic pessimism over 1.1 percent 4th quarter GDP was blown away by a very strong jobs report this morning. Including revisions, January’s employment level is a huge 317,000 above the initial December level reported a month ago. In fact, over the past three months, non-farm payrolls have averaged 229,000 increases per month. That’s explosive. And worker wages are picking up steam with back-to-back gains of 4/10ths of 1 percent in December and January, giving us 3.3 percent wage growth over the past year. With falling gasoline prices, consumer purchasing power and retails sales are also being boosted. I’m waiting for a strong statement from Salesman-in-Chief George W. Bush. It’s 11:30 am; the jobs report is now three hours old, but still no Rose Garden appearance by the president to report the strong data (which includes an impressive 4.7 percent unemployment rate). I’m also waiting for him to make a strong case for investor tax cut extensions on dividends and cap gains which, along with lower income taxes, have a great deal to do with our prosperous economy. What are they waiting for? What’s up with this?

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