Good News Has No Meaning to Democrats

Reposted from a good blogger friend's website: Old Sgt's Out Post. Please visit Old Sgt's Out Post for some great blogging commentaries

For years now the Democratic Party has been harping and ranting over the economy. Doom and Gloom have been the forecast coming out of the Democratic talking points. The Rich get Richer and the poor get poorer, has been the cry from Democratic Senators such as Kennedy, Pelosi, Reid and others. Yet according to all reports the US economy is probably in better shape than it was during the Clinton years with the exception of the price of oil.

The following are stats from U.S. Department of Labor Bureau of Labor Statistics:
CPI: +.01% for Feb 06
Unemployment: 4.7 in March 06
Payroll Employment: +211,000(p) in Mar 2006
PPI: -1.4%(p) in Feb 2006
ECI: +0.8% in 4th Qtr of 2005
Productivity: -0.5% in 4th Qtr of 2005
U.S. Import and Export Price Indexes: -0.5% in Feb 2006

Yes, the Democrats have tried to paint a bleak picture of the US Economy. Yet every indicator has us going in the opposite direction. There is very little that the Democratic Party can throw out there to cause it to go the other way. However, it would also seem that the American people are starting to suck up to the idea that we are in a doom and gloom economy. For a majority, for reasons unknown to me, seem to think that we are in some sort of economic "depression". I guess that part of this can be blamed on the fact that we are at war and the oil prices are on the rise (more up and down), therefore striking the pocket book a little harder. However, the US can not control the cost of oil around the world. That is done on the basis of demand and consumption. So for the Democrats to post a sour scenario on the economy just shows that they are really getting desperate in this election year.

And yesterday the Democrats blew their big chance to get the immigration situation under control by voting down the resolution on the floor. A resolution that both party leaders said should pass. Thus putting the immigration problem on hold yet again for another two weeks while the Congress goes on another two week vacation. You know, if I took as many "vacations" as the Congress, I wouldn't have to work at all, for I wouldn't have a job. I recommend a salary cut for the slackers in Washington D.C., earn your pay.

Technorati tags: economics, clinton, Bush,fiscal, employment, unemployment, payroll, productivity, cpi, price index, import, export, bias