Despite what we’ve been led to believe, January’s unemployment rate of 5.6 percent was right in the range between 5 and 6 percent that many economists consider “full employment.”
It will surprise many to learn that the average unemployment rate under Bush is actually lower than the average rate during the 1970s, the 1980s and even the 1990s.
Contrary to what many Democrats claim, this is hardly the “worst economy since Herbert Hoover.” Germany has an unemployment rate of 10.2 percent, Belgium 12.9 percent, Spain 11.2 percent. Even France, the country liberals believe should dictate our foreign policy, has an unemployment rate of 9.2 percent.
Left blows economy out of proportion
by Hunter Williams on February 25th, 2004