FREDO'S ECONOMY

The fruits of the tax-cuts: fewer jobs, lower wages and a flat stock market.

TOTAL PRIVATE EMPLOYMENT
SEASONALLY ADJUSTED
(IN THOUSANDS)
CARTER
JAN 1977 65636
DEC 1980 74563
NET == + 8927

BUSH 2
JAN 2001 111560
MAR 2006 113063
NET == + 1503

SOURCE: Bureau of Labor Statistics, www.bls.gov

S&P 500
1/31/01 1,366.01
4/7/06 1,295.50
RETURN - 5.16%

DOW JONES
1/31/01 10,887.36
4/7/06 11,120.04
RETURN + 2.13%

Wages Fail to Keep Pace With Productivity Increases,
Aggravating Income Inequality
By GREG IP
March 27, 2006; Page A2
Wall Street Journal
http://tinyurl.com/ecef5

Since the end of 2000, gross domestic product per person in the U.S. has expanded 8.4%, adjusted for inflation, but the average weekly wage has edged down 0.3%.