August 06, 2005

Every Silver Cloud

Has a Gray Lady whining:

With yesterday's announcement that 207,000 new jobs were created in July - nearly 30,000 more than had been forecast - Secretary of Labor Elaine Chao took to the airwaves to repeat the administration's mantra about the economy being "strong and getting stronger." But if you look behind the headline number, the jobs picture - and what it says about the economy - is considerably more nuanced.

Yawn. Every piece of economic news is good for someone and bad for someone else, but it's not difficult to see who's glass is perpetually half empty -- at least while there is a Republican president and a Republican Congress.

Posted by Charles Austin at August 6, 2005 01:24 PM