Saturday, January 05, 2008

Is it at least remotely possible that the Dow was down today because investors who are paying attention got scared by the prospect of an Obama presidency?

An unemployment rate of 5% shouldn't spark a 2% loss in the market.

For an interesting graph of unemployment numbers since Bush inherited the Clinton recession click on the following link: unemployment data

The way the talking heads were playing up the "dramatic increase" in unemployment a person might have thought there was a serious problem.

Socialists complaining about the Bush economy should note that the unemployment rate in France: over 9%; Canada 5.9%; Germany over 8%.

While I hope that all people in the U.S. who are able to work do what they can to find success, perspective is always important. The economy is humming along and that fact should not be ignored by people whose job it is to educate and inform the American people about the many important issues facing our society.

Happy New Year!!

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