Economic News: Better Than Ever

Recent news on the economic front is about as good as it gets:

Unemployment down to 4.7%.
211,000 new payroll jobs added in March.
Economic growth has now continued for 17 consecutive quarters.
Consumer confidence is at its highest level in 4 1/2 years.
Since January 2001, real after-tax income per person has risen 8.3 percent.
Construction spending is at a record high.

You’d have to look really hard to find a dark cloud. John Kerry found one, though:

Mothers and fathers are working harder and longer and struggling to keep up with the soaring costs of health insurance, gas and college tuition.

Speak for yourself, John.

One thing puzzles me: how can consumer confidence be soaring, while at the same time 59% said in a recent poll that they disapprove of President Bush’s “handling of the economy?”


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