Politics from the Palouse to Puget Sound

Wednesday, April 09, 2008

A Comparison of Economic Statistics

What determines whether we have a good economy or a bad economy. Hint: It depends upon who is in the White House.

Clearly the only statistic that matters is the party affiliation of the president.

1 comment:

April E. Coggins said...

Yes, exactly. I remember the Reagan years of prosperity described as the "decade of greed." Then when George Bush Sr. ran for president, the economy was described as ONLY being up 1.2% (the smallest increase since 19XX) or unemployment ONLY being down .3% or whatever. It was a drumbeat of pessimism from the media. Then when Clinton took office, the media changed their reports to "unemployment is much better than anticipated and has ONLY increased by less than 1%."
We are going through the same idiocy.

There was a cute political cartoon in the Spokesman yesterday. It had a pilot announcing possible turbulance to the passengers and one passenger was screaming that they were all going to die. The passenger was an economic analyst for the media.