Quote:
Originally Posted by Snake Doctor
I reject the premise of the question.
According to all of the data that's available to us the economy is doing fine. Unemployment is low, inflation is low, corporate profits are good, and corporate balance sheets are excellent.
Growth is very slow, I'll give you that, mostly because the recession in housing is having an impact on the overall numbers......but overall the economy is fine.
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Growth is 3.9% which came out yesterday and unemployment is 4.7%.
Under Clinton 3% growth was the best economy ever and 5% unemployment was considered 100% employed or full employment and couldn't get much lower !