"little changed" is what one report said - 5.4% is LESS than 5.5% and is a great number...one of the lowest in modern times.
President Bush's 1st term unemployment rate is NOW LOWER than was Clinton's in Clinton's FIRST TERM -- and the Pres inherited a recession, the Clinton stock bubble bursting, the investing scandal, 9/11 attack on the world financial center, the 9/11 demise of the airline industry, and a war.
I'd say that this is MIRACULOUS! I mean -- LOWER than Clinton's. It's amazing.
Don't get too excited, the MSM and Kerry Campaign will revise Clinton's numbers to show how a 5.4% UE rate is actually one of the worst in history.
The spinning has already begun, wait for a few hours for the tornado of spinning to take over this great news.
What are John Kerry's morals, Alex?
You wrote:
"and the Pres inherited a recession, the Clinton stock bubble bursting, the investing scandal, 9/11 attack on the world financial center, the 9/11 demise of the airline industry, and a war. "
You are SO wrong.
He also inherited the markets' reaction to Gore trying to sue his way into the White House, SARS, the Malvo sniper attacks, the anthrax attacks, the collapse of the dot-com bubble, a world-wide economic slowdown (see France & Germany), big league financial scandals at Enron, Arthur
Anderson, Tyco, Global Crossing (to name a few), and had
to face the headwinds of mid-$40's per barrel oil and a
concerted effort by major US-based companies to send
large numbers of jobs to third-world countries.
[Paul Krugman should be forced to watch endless re-runs of
Kewwy campaign speeches, similar to the main character in
_A Clockwork Orange_]