Lee P Butler

Where are the positive economic headlines?

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The Jobs Boom of 2004
And the Hoover Myth bust.


Where are the positive economic headlines?

During the election season there were monthly updates about the job losses incurred during the Bush presidency and the Kerry charge that the President would be the first since Herbert Hoover to have a net job loss was trumpeted by the media at every level.

Every month the Labor Department released job creation numbers; the one-sided non-farm payroll jobs embraced by liberals and the media, that were 'disappointing', it was ballyhooed in the press. Yet when the revised numbers that always showed an increase over the initial reported numbers were released each month they rarely bothered to report those increases.

The month of December added another 157,000 of these jobs to the economy raising the year's total to 2.2 million jobs created during the year, better job creation than in the last five years and the unemployment rate held at 5.4 percent. Never mind that the Household survey (the indicator for the unemployment rate which includes the self-employed and small businesses, yet never gets mentioned by the mainstream media) shows a gain of another 2.5 million jobs.

Other positive economic achievements are also being overlooked. The Dow just recently hit a 3 and a half-year high, oil and gas prices have dramatically decreased, the inflation-adjusted gross domestic product has maintained an exceptional 4 percent level for two years, household wealth is at a record 51 trillion dollars, and home ownership is the highest level it's ever been.

There's a reason the media isn't touting these numbers. Kerry didn't win the election and reporting reality would expose the mendacious Democrat rhetoric of the election about the economy for what it truly was. Democrats trying to fabricate a bad Bush economy and equating it to the Great Depression.

Where are the positive economic headlines? Lost under the forged documents at CBS?

Lee P Butler

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