Tuesday, January 04, 2005

Interesting (#1)

The White House website provides some mighty interesting information on economics. The State of the Economy, in their words,
  • America has the fastest-growing economy of any major industrialized nation in the world.
  • The economy has posted steady job gains for each of the last fifteen months – creating over 2.4 million jobs since August 2003.
  • The unemployment rate dropped from a peak of 6.3% last June to 5.4% today—below the average unemployment rate of the 1970s, 1980s, and 1990s.
  • After-tax income is up by over 10% since the end of 2000, and household wealth is at an all-time high.
  • Inflation, interest rates, and mortgage rates remain at low levels.
  • Homeownership rates are at record highs.
  • The stock market has grown rapidly since the beginning of 2003, with the Dow Jones Industrial Average up 25% and the NASDAQ up 56%.
This raises some questions. First, why did they neglect to make the slight, slant, of the report a little, less, obvious. Second, why is there such an, obvious, slant? And why did they think it was necessary?

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