All civilization has from time to time become a thin crust over a volcano of revolution.

- Havelock Ellis

Good News, But Just For Average Americans

Aprilís job report has been called a blowout, with more jobs and lower unemployment than anticipated. The recovery, touted a jobless recovery by some, continues, and appears to be gaining steam. Bad news for those trying to benefit from a poor economy.

For those betting against the US, such as the Oracle from Omaha, the dollar surged on strong economic news. Again, bad news for those trying to benefit from a weak U.S. economy. (Does it bother anyone that one of John Kerryís economic advisor is very vocal about betting against the U.S.?) Good news for the average American, whoever we/I/they may be.

The House of Representatives seems to be helping growing number of Americans being slammed by the Alternative Minimum Tax (AMT). It is a temporary fix for a long-term problem, but they appear to be attempting to address the long-term aspect also, but most likely not until after the election. Depending on who is elected will determine how it plays out. Either way, someone needs to start cutting spending.

Cutting spending, that is where Bush is vulnerable, but Kerry, trying to be a good (D)emocrat does not know how to go there, how to tell his followers that Bush is spending too much, building the all-encompassing nanny government they have always dreamed of building. Bush is very, very vulnerable in this area, as (R)epublicans know he is a big, big spender.

And ErrAmerica, I mean AirAmerica? Like I said before, they are not going to make it, itís not possible, but I thought they would at least make it through summer. Payroll problems? Experienced executives leaving. Franken talks about a Senate run ( a convenient excuse to leave). Will it make it to summer, or is it too much Clear Politics?

It is a good day for all of us average Americans, whoever we/I/they may be.


posted at 08:30:43 on 05/07/04 by clearpolitics - Category: Economics - [Permalink]

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