Tuesday, May 25, 2004

Another great article by Paul Krugman

I'd advise reading the whole thing, which covers recent economic news. Mr. Krugman takes the novel step of providing a website where one can verify his claims. Not a bad idea.

It ends with these words.

"In April, the economy added 288,000 jobs. If you do the math, you discover that President Bush needs about four years of job growth at last month's rate to reach what his own economists consider full employment.

The bottom line, then, is that Mr. Bush's supporters have no right to complain about the public's failure to appreciate his economic leadership. Three years of lousy performance, followed by two months of good but not great job growth, is not a record to be proud of.
"

Still I've noticed that Rush Limbaugh and other conservative figures have been suggesting since President Bush took office that the economy was in recovery or had recovered, and the Media was hiding the truth from you.

No comments: