View Full Version : Kerry's gloomy economy

08-14-2004, 02:24 PM
These are bad times. Hardly any new jobs have been created at all in the U.S. economy. The rate of real GDP growth in the most recent quarter was below average, and it slipped from that of the previous quarter. Yet despite all this dreary news, Gene Sperling, one of the chief economic advisors to the John Kerry campaign, is actually upbeat on the economy, declaring that “the combination of economic numbers announced this week was good.”

Pretty generous of him in an election year, wouldn’t you say?

Alright. Back to reality. Sperling didn’t say these things last week, when it was announced that the U.S. economy added 32,000 payroll jobs including 10,000 in the manufacturing sector, with last quarter’s real GDP growth running at 3 percent. But Sperling did, nevertheless, say them. He made his optimistic statement to The Washington Post eight years ago, on May 4, 1996, back when he was an economic advisor to the Clinton administration. His words came right after it was announced that only 2,000 jobs were created in the economy the previous month, with 17,000 jobs lost in the manufacturing sector. For the previous quarter, real GDP growth ran at only 2.85 percent, which was a drop from the prior quarter.

Sperling was optimistic back then, when the news was tangibly worse than it is now. And what is Sperling saying now, when the news is tangibly better? For some reason he’s not quite so optimistic when the other team occupies the White House. Last week he told CNBC, “This is bad news for American workers. These are very disappointing, very anemic job numbers. Not only are we not turning the corner on jobs, it is not even clear we are headed in the right direction.”

The article (http://www.nationalreview.com/nrof_luskin/luskin200408130959.asp)

Kerry's spin makes my head spin.


08-15-2004, 09:26 AM
Shocking Indeed!

08-15-2004, 02:00 PM
As the indians would say "He speaks with a forked tongue." Funny how Q has been so quiet over these gaffes of Kerry's yet let GW say one word and Q's all over him like a fly to poop.


08-15-2004, 04:08 PM
That's a nice one liner. Catchy.