Framing the Economic Debate
Here’s an array of facts with which to counter the inevitable doom and gloom from John Kerry in tonight’s debate: Framing the Economic Debate. (Hat tip: Power Line.)
The article is loaded with statistics and graphs, but let’s just skip to the conclusion, shall we?
The economy has added more than 1.5 million payroll jobs over the past year and nearly 2 million jobs on the household survey. Most indicators point towards continued growth. Output is booming, the manufacturing outlook is positive, business confidence is high, and productivity continues to set records. Even such favorites among economic pessimists like data on long-term unemployment, manufacturing employment, and worker discouragement are showing marked improvement. Unfortunately for the pessimists, these are the facts that frame the debate on the economy today.