A Bit of Good News
In the midst of all the bad news coming out of New Orleans this week, a bit of goods was reported today. 169,000 jobs were added to the economy in August, bringing the nation’s unemployment rate down to 4.9%.
I’ve been amazed for several months now that all the economic indicators have continued to show a prospering economy in spite of the extremely high energy prices. The fact that $2.00+ gasoline prices have not been able to slow the economic growth is a real testament to the effectiveness of the Bush economic policies.
The latest job and unemployment figures were calculated before Katrina’s Monday morning wrath, and we’ll have to wait to see what economic effect the hurricane will have. Can we endure $3.00+ gasoline prices without a detrimental effect on the economy? Time will tell, but you can count on one thing. If the economy does slow down, the left will be out in full force blaming the President, and the media will be all too happy to spread that message. It will be up to the bloggers and talk radio to remind people that, for the second time, President Bush is facing an unprecedented crisis, and that, regardless of what liberals try to make us believe, neither Katrina nor 9-11 was something that he could have prevented.
After 9-11 the economy struggled, but it bounced back, and it has grown. After Katrina the economy may well struggle, but it will bounce back, and it will grow once again.
I’ve been amazed for several months now that all the economic indicators have continued to show a prospering economy in spite of the extremely high energy prices. The fact that $2.00+ gasoline prices have not been able to slow the economic growth is a real testament to the effectiveness of the Bush economic policies.
The latest job and unemployment figures were calculated before Katrina’s Monday morning wrath, and we’ll have to wait to see what economic effect the hurricane will have. Can we endure $3.00+ gasoline prices without a detrimental effect on the economy? Time will tell, but you can count on one thing. If the economy does slow down, the left will be out in full force blaming the President, and the media will be all too happy to spread that message. It will be up to the bloggers and talk radio to remind people that, for the second time, President Bush is facing an unprecedented crisis, and that, regardless of what liberals try to make us believe, neither Katrina nor 9-11 was something that he could have prevented.
After 9-11 the economy struggled, but it bounced back, and it has grown. After Katrina the economy may well struggle, but it will bounce back, and it will grow once again.
posted by Bryan Alexander | 4:48 PM
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