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Politics : Politics for Pros- moderated
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To: LindyBill who started this subject4/29/2004 9:35:04 PM
From: LindyBill  Read Replies (2) of 793846
 
Polipundit - If you liked GDP growth . . .

. . . wait until you see the job creation numbers over the next couple of months.

Lost amid today's media gyrations over the President's 9/11 testimony and the stellar, but inflationary, macroeconomic growth rate, was the news that initial claims for jobless benefits are falling like a stone.

So, layoffs are going down. And hiring is going up.

Hmm. Even I can figure out where that math is heading.

There are three more job creation release dates between now and the Democratic Convention: the first Friday in May (which covers April's job numbers); the first Friday in June (for May's job market); and the first Friday in July. That sound you hear . . . why, it's the Democratic Party: tearing itself apart at the seams.

P.S. - I suspect the partisan-liberal media will now start thrashing around regarding the re-emergence of inflation in our economy. Don't believe the hype. About a year ago, we were heading for deflation. And that, believe you me, would have been much, much worse. The fact that we have some inflation brewing means that the Administration and the Federal Reserve have done their jobs. They saved our economy (along with you: our workers, investors, and business owners). And the future looks bright. Long live capitalism!
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