More One-Sided Tripe From Schultz
Ed Schultz, soon-to-be-national liberal talk show host, has spewed some more nonsense on his page at the KFGO website:
Aside from poor grammar, Schultz is again making broad proclamations without really showing any evidence to back himself up. Given today's news I would have to say that the economy is turning around. The GDP's third quarter growth rate of 8.2% is the largest such rate since 1984. While our unemployment rate is not quite down where it was a few years ago, 6.0% really isn't that bad. In fact, that statistic is probably just a little higher than average, though you'd never guess it from Ed's dire tone.
Most economists agree that the unemployment statistic is the last one to rebound during a recovery. I would note that payroll employment increased by 126,000 in October and productivity increased 8.1% in the third quarter of 2003. While I'm no expert, I would say that those are signs that the unemployment rate is, indeed, on its way down.
I don't know if Schultz plans on updating his webpage daily or not. To date its been rather shoddily done. There is no indication of the dates he posted any of the information nor are there any links to data supporting his assertations.
Apparently Schultz expects us to read what he has written and take it to heart without bothering to see if what he's saying is even close to the truth. This probably comes from the fact that Schultz is a "big fish in a small pond." He'll soon learn that if he wants to broadcast his opinions to a national audience he's going to have to do a better job then what has been done to date.
Bush and his so-called fiscal responsibile republican hard right base that clammers about a bright future for America has driven this country to the brink of financial ruin. Don't tell me deficits don't matter. They now preach about how the economy is turning around despite the fact the jobs aren't following in order. Check the earnings in the last several weeks of major companies. They are off.
Aside from poor grammar, Schultz is again making broad proclamations without really showing any evidence to back himself up. Given today's news I would have to say that the economy is turning around. The GDP's third quarter growth rate of 8.2% is the largest such rate since 1984. While our unemployment rate is not quite down where it was a few years ago, 6.0% really isn't that bad. In fact, that statistic is probably just a little higher than average, though you'd never guess it from Ed's dire tone.
Most economists agree that the unemployment statistic is the last one to rebound during a recovery. I would note that payroll employment increased by 126,000 in October and productivity increased 8.1% in the third quarter of 2003. While I'm no expert, I would say that those are signs that the unemployment rate is, indeed, on its way down.
I don't know if Schultz plans on updating his webpage daily or not. To date its been rather shoddily done. There is no indication of the dates he posted any of the information nor are there any links to data supporting his assertations.
Apparently Schultz expects us to read what he has written and take it to heart without bothering to see if what he's saying is even close to the truth. This probably comes from the fact that Schultz is a "big fish in a small pond." He'll soon learn that if he wants to broadcast his opinions to a national audience he's going to have to do a better job then what has been done to date.
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