…for Democrats…
Today, it is a MUCH stronger than expected jobs report,
The economy added 166,000 jobs last month, more than twice as many as economists had expected. The report appeared some trader anxiety over the health of the economy.
Earlier in the week, 3rd quarter GDP came in at 3.9%.
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.9 percent in the third quarter of 2007, according to advance estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8 percent.
A recession is defined as two consecutive quarters of negative growth. This is the 24th consecutive quarter of economic growth. Despite these inconvenient truths, the media is pushing their agenda, hard. No wonder 2/3 of the public think we are in a recession. What a disgrace.
And finally, this chart from Larry Kudlow,
Real disposable income—one of the most important indicators of the economy and the health of consumers—showed a remarkable 4.1 percent growth over the past year.
Yea, let’s repeal those tax cuts before this prosperity spreads any further! The Democrats have a great plan to “fix” this “broken” economy, the largest tax increase in history. Good luck with that.