Thursday, January 01, 2004According to Fox wonk, Larry Kudlow, we're seeing Another re-election economy. Apparently, Larry hasn't spent much time looking at the unemployment statistics published by the BLS:
2000 Unemployment %: 4.0
2002 Unemployment %: 5.8
Facts do tend to get in the way of arguments by Fox (News?) commentators.
2003 should see some improvements, but clearly more people are out of work today than at the start of Bush's presidency. Somehow I doubt those those unemployed folks would share Larry's rosy view of today's economy. And I'm positive they have enough voting power to sway an election if things end up being anything like 2000.
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