How Can These Fundamentals Be Called Strong?

A government report released Friday morning leaves little room for any defense of the failed policies of the Bush administration or any belief in the economic wisdom of John McCain, whose erroneous assertion that the “fundamentals of the economy are strong” failed to mention a 6.1 percent unemployment rate, up nearly two percentage points since 2007.

Access to the full Bureau of Labor Statistics report is available in PDF format.

New York Times analysis of the report and the current economic situation

bls.gov