Friday, February 06, 2004

The Good News that is all bad.

We live in strange times. Take this report from the AP for instance.

Unemployments drops to 5.6%, 112,000 new jobs added last month as opposed to only 12,000 added in December, yet it is bad news.

Why?

Because economists were PREDICTING that even more jobs would be added, that's why.

So because some economists misread their crystal ball, we should all wring our hands in despair. Right? Well not really.

The economy continues to exhibit signs that it is in a moderate but steady march in the right direction. Brick by brick the recovery is being built. By Summer I believe John Kerry will be twisting and turning in the strong wind of a full blown expansion.