Friday, May 2, 2008

Economy: Leftist Thinking Revealed

Do you doubt my previous entry (if so, I am sorry for you), which basically dealt with the disconnect between leftist thinking, and rhetoric, on the conomy, as compared with REALITY?  Well, here is an example of Charles Schumer type thinking (typical of leftist fantasies and propaganda) from the AOL comments under the GOOD economic news, along with my reply:

"Maybe we are running out of jobs to lose"

You can't get any more STUPID than the above, unless you are Senator Charles Schume (see my AOL blog, "The Maverick Conservative")r, another leftist, or a member of the mainstream media.

The unemployment rate is 5%.  Not too long ago that was considered FUL employment.  It is LOWER than the unemployment rate in much of the Clinton years.  We have been in an economic expansion for more than SIX YEARS (almost the whole Bush Presidency, after he inherited a RECESSION from the Clinton Administration, and then had to face the economic disruption of 9/11).   A bursting of the housing "bubble" was inevitable, and Democrats (not to mention Congress in general) have done their best to make sure gasoline prices were high (no drilling in Anwar, no nuclear poewer, etc.) and that food prices rose (increasing RQUIREMENTS for ETHANOL, which also RAISES gasoline prices).   

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