Baldie... you seem to want to *change the subject* from what I ACTUALLY SAID.
(I said: 'the US's relative economic performance is LAGGING... lagging many of our competitors, and lagging the global average.' And I said: '[that] if you'd prefer to look at the equity markets instead of GNP growth rates... you'll see there that the US's markets [since the end of the last recession from, say, 2002...] rank in total return in the BOTTOM 20% or so for market returns. Not really anything to write home about, unless bottom fifth sounds good to you'....)
I could add to that that --- just today --- the government REVISED DOWNWARD the GNP Growth Rate for the first quarter of 2007. The new, corrected, number is just a 0.6% annualized growth rate... barely above 1/2 of a percent.
(Don't know about you... but that sounds a wee bit *low* to me. Even France should have no trouble beating that....)
Now... the subject you seem to want to switch the discussion to --- unemployment --- (switching AWAY from what I was talking about: the US's economic performance, and the market's performance...), we could discuss, if you prefer.
(But THERE I'd caution you to consider the methodology underlying the B.L.S.'s numbers --- which does not count the MILLIONS who, in the B.L.S.'s infinite wisdom, it no longer considers to be 'actively searching', and I'd also want to refer you to the fact that the B.L.S. report relies on ASSUMED high numbers for jobs... that it *does not actually count*. :-) |
