Shhhhhhhhhhhh.............The Media Doesn't Want you to Know

SURPRISE SURPRISE SURPRISE!  The Economy is on a tear. Say what? You haven't heard? SHOCKA!
Unprecedented, unheralded, hush hush economic news. Bizzy Blog and the WSJ expose the gorgeous truth.

First - today's Wall Street Journal reports;

We would like to take a moment to pause and marvel at the U.S. economy. Friday's Labor Department report of more than 200,000 new jobs in July, and two million over the past year, provides the latest bullish details. But the larger story of American job creation, and its causes, is even more impressive.

First, more Americans have jobs today than at any other time in history. Second, over the past two decades or so, the U.S. has created more than 40 million jobs -- twice as many as Europe and Japan combined. And third, the U.S. has one of the lowest jobless rates of all developed nations.

It was only a year ago that John Kerry was blasting the "jobless recovery." Lou Dobbs was flogging "outsourcing" every night on CNN as a sign of peril for the American workforce. That criticism now looks wildly off base

And  Tom over at Bizzy Blog has the most Brilliant economic piece on the US economy;

The Economy Must Be Good Since You’re Not Hearing About

1. Did you know manufacturing (manu-what?) has been on a sustained tear?

Manufacturing growth accelerated in July, continuing steady and historic consistency
manufacturing has grown for 26 straight months, the longest expansion in the sector in more than 16 years, since nearly three years of uninterrupted growth ended in April 1989

2.  The NASDAQ is just about at a 4-year high. And imagine this–Not that the dollar amounts are enough to guarantee lifetime stays at the beach, but balances in 401(k) plans are at a 5-year high (link requires registration)

3. Has anyone told you that this recovery is better from an employment standpoint than the previous one?

Unless you’re a reader of Don Luskin at poorandstupid.com (which is neither) or Jim Glass at scrivener.net, there’s a good chance you don’t know that. Comparing this recovery to the previous one on five objective criteria, the score is 3.5 to 1.5 in favor of THIS recovery

4. Geez, I almost didn’t m>ntion the 3.4% GDP growth in the second quarter.

Go over to Tom's Bizzy Blog and read it all.......can you imagine if these were the numbers of a Democrat Administration, they'd be chiseling Mount Rushmore as we speak.

Comments

[lowandslow]

But can we really in enjoy this economic growth what with the quagmire in Iraq, Abu Ghirab & Gitmo, how John Roberts family dresses and the fact I'm going to have to eat cat food when I'm 65. I don't think so.

[rodney edwards]

saw Jarhead latst night the usual, Hollywood crap. America is bad Our soldiers hate this country. Life in America ain't worth living.

Living in california is hard if you don't have a government job. I wish you had to have a COLLEGE degree to pay taxes
Rodney CALIFORNIA DREAMIN