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112,000 New Payroll Jobs In November, Unemployment Rate Falls To 5.4%

The Bureau of Labor Statistics (BLS) reported today that in the month of November 112,000 new payroll jobs were created and the unemployment rate fell to 5.4 percent.

Based on the payroll survey and benchmark revision, "2.4 million new jobs have been created since August 2003, and over 2 million new jobs have been created thus far in 2004."

Matt Margolis blogged for Bush at 9:29 AM in category Economy

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Tracked on December 3, 2004 10:41 AM

Comments

The democrats fantastically distorted the true state of the economy during the presidential campaign. However, I am very concerned about the sliding dollar. It is no doubt linked to the unrestrained and liberal spending habits of this president. What I am most concerned about is social security reform ending as a simple bailout added to the deficit. We need some fiscal sanity in Washington.

Posted by: pigwiggle at December 3, 2004 11:28 AM

The news reports from the ABC news on the radio managed to make the whole report sound like bad news, as usual.

Pigwiggle, the dollar isn't sliding as much as the EU is being proped up. As a result, America looks like a better place to do business. More cost-efficient. Don't watch so much MSM, it's not good for you, makes you go all gloomy.

Posted by: DagneyT at December 3, 2004 01:32 PM

The democrats fantastically distorted the true state of the economy during the presidential campaign.

Nah, there was nothing 'fantastic' about it. They were just plain lying. And they were doing it to fool the ignorant. Looks like they fooled you. Hence...

However, I am very concerned about the sliding dollar.

Yea, you must be. See that makes American products more competitive in the world market. Foreigners start flocking to our country for vacations due to the bargain prices. But, alas, a summer 'holiday' to the South of France will be very expensive. So sad.

It is no doubt linked to the unrestrained and liberal spending habits of this president.

No doubt. Just think we could have elected John Kerry and he would have REALLY sent the deficit through the roof with idiotic ideas like free health care for all.

What I am most concerned about is social security reform ending as a simple bailout added to the deficit.

You would be. What do you suggest? Just let it go bankrupt? Maybe privatize part of the debt?

We need some fiscal sanity in Washington.

Yea, guess its good that the American people, in their wisdom didn't elect the fraud from Boston, no?

Posted by: Scaramonga at December 3, 2004 02:04 PM

DagneyT-
No MSM, Greenspan. The slide if the dollar is widely believed to be a consequence of continued, and I might add record, deficits. It does not make us to put this much on the national credit card, it makes us foolish. The IRS estimates about 8% of federal income tax is used to finance the debt. Am I crazy for not wanting to send 8% of my income tax to China so that they can bankroll this spending spree?

Scaramonga-
Kerry would have resulted in gridlock. There was a record low expansion of the federal government under president Clinton. And it wasn’t because he was fiscally conservative or believed in states rights. With president Bush’s clout there will be no dollar unspent.

Posted by: pigwiggle at December 3, 2004 02:41 PM

Kerry would have resulted in gridlock.

That's not what he said. He said he would unite Americans and provide free health care for everyone. Perchance he lied?

There was a record low expansion of the federal government under president Clinton.

No doubt, proof of this will be in a subsequent post.

And it wasn’t because he was fiscally conservative or believed in states rights.

Could it have anything to do with the fact that the Republicans controlled congress?

With president Bush’s clout there will be no dollar unspent.

Are you sure about this? Where'd you get your numbers? DU? Soros? Daily Kos?

Posted by: Scaramonga at December 3, 2004 03:49 PM

Scaramonga-
‘Could it have anything to do with the fact that the Republicans controlled congress?’

Umm, yeah. Like I said, gridlock.
“‘With president Bush’s clout there will be no dollar unspent.’
Are you sure about this?”
No, I’m basing this on past performance. The elevated debt ceiling that just passed; 8 trillion I believe. The 30 billion Medicare drug package (which the free market promptly absorbed, thanks for making my drugs more expensive), more foreign aid promised to Columbia, 1.2 billion for the hydrogen economy, and so forth. The man is spending at cold war levels with no evil empire to outspend. Spending like a democrat!

Posted by: pigwiggle at December 3, 2004 04:02 PM

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