Saturday, October 06, 2007

NOT RECESSION == "vibrant and strong economy"

Our talk radio president has a unique view of the economy: If we're not in a recession, then we have "a vibrant and strong economy." This is the same kind of logic he uses when talking about Iraq: If there isn't afull scale civil war, then there is substanatial progress.

The LA Times lets us know that the streets aren't paved with gold:

...the economy is not creating jobs quite as fast as the population is expanding...

....the Labor Department's revision downward of job-creation data from the 12 months ended in March. The department reported that the economy created 297,000 jobs fewer than initially reported, and most of that reduction -- 217,000 -- was in the private sector.

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