Another article I refer to is from Denver's Rocky Mountain News for April 9, 2007, ``Not bad for a much-maligned economy.'' We keep talking about how bad the economy is. Well, it isn't bad. Just when your mind may have been grappling with the disturbing news that Circuit City stores had fired 3,400 of their highest-paid hourly salespeople--not to trim the workforce, as you might expect, but to replace those let go with lower-paid workers--along comes the Labor Department with equally startling news, but of a positive bent. In March, the U.S. economy added 180,000 jobs; the unemployment rate declined again, to 4.4 percent; and average hourly and weekly earnings advanced, with weekly income up 4.4 percent . . . The article goes on to read: But after six years of fairly steady economic growth despite a costly war, Katrina, a housing slump and other body blows, fair-minded people should at least entertain the possibility that current policies must be getting something right. It ends by saying: After all, what exactly is it about the March economic figures that [you] don't like?
Mike Enzi: “Another article I refer to is from Denver's Rocky Mountain News for April 9, 2007, ``Not bad for a much-maligned…”
Editor's note · Context
Discussing the state of the U.S. economy and recent job growth during a speech.
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