It looks like the collapsing economy that the Democrats and their liberal press allies have been: (a) predicting or (b) claiming has already begun has been debunked by reality yet again.
Although the US has been at full employment for the last five years, the highly productive economy continued to add jobs and raise wages in November. The November job and wage report follows closely on the heels of other developments, like the faster than expected” 3.8% growth in the third quarter of ‘07 (the quarter when the housing market “collapse” was supposed to have started a recession); the continuing rapid growth in US productivity (at a four year high); and the continued strength of manufacturing orders.
Of course, when you read stories that headline good news you will find the “better than expected” language dominate the articles. Amazingly, even after five years of boom the scant coverage of positive economic developments remains mired in the template of pessimism every positive development is qualified with the language of surprise at the performance and expressions of fear for the future.
Try as the might, liberals cannot change reality. However, if one reads the economic coverage of the Clinton years, particularly in 99 and 2000 when the economy was clearly slowing into a recession and the economic performance was worse than expected and compare it with the contemporary healthy economy, you can’t say they don’t try.
Although the US has been at full employment for the last five years, the highly productive economy continued to add jobs and raise wages in November. The November job and wage report follows closely on the heels of other developments, like the faster than expected” 3.8% growth in the third quarter of ‘07 (the quarter when the housing market “collapse” was supposed to have started a recession); the continuing rapid growth in US productivity (at a four year high); and the continued strength of manufacturing orders.
Of course, when you read stories that headline good news you will find the “better than expected” language dominate the articles. Amazingly, even after five years of boom the scant coverage of positive economic developments remains mired in the template of pessimism every positive development is qualified with the language of surprise at the performance and expressions of fear for the future.
Try as the might, liberals cannot change reality. However, if one reads the economic coverage of the Clinton years, particularly in 99 and 2000 when the economy was clearly slowing into a recession and the economic performance was worse than expected and compare it with the contemporary healthy economy, you can’t say they don’t try.