But yesterday's report showed that income growth was tapering off without any growth in jobs. The yearly rate of wage gains dropped dramatically in the past two years from more than 4 percent to 2.4 percent — the lowest in a decade. The increase in take-home pay provided by President Bush's tax cuts served mostly to mask the marked downtrend in wage income, economists said....
"This time around, however, it is an indication of structural change in the labor markets. Businesses can no longer afford the costly burden of health and pension benefits."
There's no doubt that Karl Rove is so desperate for good news that he's sent out pages and pages of talking points to hype this report.
But it's a myopic kneejerk reaction that'll backfire in Dubya's face. People vote their pocketbooks, and they KNOW how much money they earn. All this hoopla about low quality McJobs will only fuel voter perception that Dubya is "out of touch" with reality, just like Papa Bush was.
"It's the economy, stupid."