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.
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
Rock Solid JournalismIn 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Related Stories
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
The plan for $12 billion in emergency relief is quickly dismissed by some farm-state Republicans, who say farmers want markets for their crops, not government payoffs.
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.