Thursday, March 16, 2006

Learning the Hard Way

Here are a couple of reports on how low our economy has sunk under the incompetent supervision of George W. Bush:

WASHINGTON - Jobs grew at a healthy clip in February, the government reported Friday, helping boost wages to their highest year-over-year increase in more than four years while encouraging more jobless people to reenter the labor force.

The stronger-than-predicted net increase of 243,000 jobs was the largest gain in any of the last 12 months except for November, when the economy was rebounding from the effects of Hurricane Katrina.

The report signaled that wage growth, which has lagged behind inflation even as the unemployment rate has tumbled, might finally be making a comeback. "The growth in most workers' wages is probably just about to catch up with inflation, resulting in the first inflation-adjusted wage gains in years," he said.

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NEW YORK (Reuters) - U.S. stocks rose sharply on Tuesday, with the Dow and S&P 500 indexes hitting their highest in nearly five years as U.S. Treasury yields fell and record profit from Goldman Sachs Group Inc. boosted shares of financial companies.

The liberals have been telling us for years that those tax cuts wouldn't work but we obstinately refused to listen. Now we're learning the lesson the hard way and getting just what we deserve for not heeding the economic sages in the Defeatocrat party.